Gold Price Stays Under Pressure as Strong USD Weighs, Middle East Tensions Limit Losses
Gold Price Stays Under Pressure as Strong USD Weighs, Middle East Tensions Limit Losses Gold (XAU/USD) faced renewed selling pressure after bouncing from the $2,641 level and remains defensive as the European session begins on Thursday. The US Dollar (USD) continues its recovery, reaching a three-week high, as expectations for aggressive policy easing by the […]
WTI Surges Above $70 as Iran Missile Strike on Israel Sparks Fears in Global Oil Markets
WTI Surges Above $70 as Iran Missile Strike on Israel Sparks Fears in Global Oil Markets West Texas Intermediate (WTI), the US crude oil benchmark, climbed to around $70.65 on Wednesday. The surge comes after Iran launched missiles at Israel, raising concerns about potential disruptions in oil supply from the region. Iran fired over 200 […]
GBP/USD Sees Mild Losses Below 1.3400 Ahead of US PMI Data
GBP/USD Sees Mild Losses Below 1.3400 Ahead of US PMI Data The GBP/USD pair faces slight declines, hovering around 1.3370 during Tuesday’s Asian trading session. Less dovish comments from Federal Reserve (Fed) Chair Jerome Powell have strengthened the US Dollar, putting pressure on the pair. Market participants are now focused on the upcoming US ISM […]
EUR/USD Climbs Above 1.1150 on Rising Prospects of Fed Rate Cuts
EUR/USD Climbs Above 1.1150 on Rising Prospects of Fed Rate Cuts EUR/USD started the week on a positive note, trading around 1.1170 during the Asian session on Monday. This uptick can be attributed to a weakening US Dollar (USD), driven by expectations of continued policy easing from the US Federal Reserve in November. On Friday, […]
US Dollar Index Climbs Above 100.50, Upside Potential Appears Limited Ahead of US PCE Data
US Dollar Index Climbs Above 100.50, Upside Potential Appears Limited Ahead of US PCE Data The US Dollar Index (DXY) rose to around 100.65 during Friday’s Asian trading session, but its upside momentum seems constrained due to expectations of further rate cuts from the Federal Reserve (Fed). The broader weakness in the US Dollar persists […]
WTI Crude Oil Steady Near $69.50, Limited Downside Due to Rising US Oil Demand
WTI Crude Oil Steady Near $69.50, Limited Downside Due to Rising US Oil Demand West Texas Intermediate (WTI) crude oil prices remained subdued, hovering near $69.60 per barrel during Thursday’s Asian session. However, the downside appears limited as strong US fuel demand and shrinking stockpiles provide support. The US Energy Information Administration (EIA) reported a […]
Australian Dollar Strengthens as China Prepares Capital Injection for Top Banks
Australian Dollar Strengthens as China Prepares Capital Injection for Top Banks The Australian Dollar (AUD) regained some of its recent losses against the US Dollar (USD) on Thursday, benefiting from divergent monetary policy stances between the Reserve Bank of Australia (RBA) and the US Federal Reserve. The AUD also received a boost as China, Australia’s […]
EUR/USD Approaches 1.1150 Ahead of Fed Chair Powell’s Speech
EUR/USD Approaches 1.1150 Ahead of Fed Chair Powell’s Speech The EUR/USD pair is trading stronger near 1.1140 during Thursday’s Asian session, supported by a broadly weaker US Dollar. On the agenda for Thursday are speeches by multiple US Federal Reserve (Fed) officials, including Chair Jerome Powell. Additionally, key economic data releases, such as the US […]
Japanese Yen Softens Following Comments from BoJ Governor Ueda
Japanese Yen Softens Following Comments from BoJ Governor Ueda The Japanese Yen (JPY) lost ground against the US Dollar (USD) on Tuesday as concerns grew over the Bank of Japan’s (BoJ) reluctance to raise interest rates. BoJ Governor Kazuo Ueda reaffirmed on Friday that it would only be “appropriate to raise rates if trend inflation […]
NZD/USD Holds Above 0.6250, Supported by Dovish Fed Remarks
NZD/USD Holds Above 0.6250, Supported by Dovish Fed Remarks The NZD/USD pair continues its upward trend for the second consecutive day, benefiting from improved risk sentiment and dovish signals from the Federal Reserve’s policy outlook. On Tuesday, during the Asian session, the pair hovered near its monthly high of 0.6280. The US Dollar (USD) is […]
Pound Sterling Slips as UK PMI Misses Expectations
Pound Sterling Slips as UK PMI Misses Expectations The Pound Sterling (GBP) declined on Monday, driven by weaker-than-anticipated preliminary UK S&P Global Purchasing Managers’ Index (PMI) data for September and negative market sentiment. The British currency underperformed against most of its major peers, except for the Euro (EUR), which also fell due to a surprise […]
Bank of Japan Keeps Interest Rate Unchanged in September, As Expected
Bank of Japan Keeps Interest Rate Unchanged in September, As Expected On Friday, the Bank of Japan (BoJ) announced that it would maintain its short-term interest rate target between 0.15% and 0.25%, following a two-day monetary policy review. This decision aligned with market expectations. Back in July, the BoJ surprised markets by raising the policy […]
Gold Price Holds Steady Near Record Highs Despite Positive Market Sentiment
Gold Price Holds Steady Near Record Highs Despite Positive Market Sentiment Gold (XAU/USD) continues its upward momentum for the second consecutive day, edging closer to the $2,600 mark—just shy of its all-time high—during early European trading on Friday. This rise follows the Federal Reserve’s (Fed) substantial interest rate cut on Wednesday, with expectations for another […]
WTI Extends Rally Above $70.00 as Hurricane Francine Disrupts Production
WTI Extends Rally Above $70.00 as Hurricane Francine Disrupts Production West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.35 on Tuesday, continuing its rally as Hurricane Francine impacts oil production in the US Gulf of Mexico. The storm has caused significant disruptions, with the US Bureau of Safety and Environmental Enforcement […]
Japanese Yen Consolidates as US Dollar Holds Firm Amid Rising Treasury Yields
Japanese Yen Consolidates as US Dollar Holds Firm Amid Rising Treasury Yields The Japanese Yen (JPY) remained steady against the US Dollar (USD) on Tuesday, supported by the hawkish outlook on the Bank of Japan’s (BoJ) interest rate policy. Traders are cautiously awaiting the BoJ’s policy decision on Friday, expecting rates to remain unchanged but […]
EUR/USD Climbs Toward 1.1100 Amid Fed Rate Cut Speculation
EUR/USD Climbs Toward 1.1100 Amid Fed Rate Cut Speculation The EUR/USD began the week on a positive trajectory, trading around 1.1090 during Monday’s Asian session. Investors are now closely watching the US Federal Reserve’s (Fed) highly anticipated policy decision later this week, with uncertainty surrounding the size of the potential rate cut. Markets remain split […]
Gold Price Nears Weekly High Ahead of US NFP Report, Remains Below $2,525 Resistance
Gold Price Nears Weekly High Ahead of US NFP Report, Remains Below $2,525 Resistance Gold price (XAU/USD) is trading near its weekly high for the third consecutive day on Friday, ahead of the European session. Despite this upward trend, investors remain cautious as they await the US Nonfarm Payrolls (NFP) report before making any significant […]
Nonfarm Payrolls Data to Test US Labor Market in August After July’s Slowdown
Nonfarm Payrolls Data to Test US Labor Market in August After July’s Slowdown The US Bureau of Labor Statistics (BLS) will release the much-anticipated Nonfarm Payrolls (NFP) data for August on Friday at 12:30 GMT. This labor market data is crucial for assessing the US Federal Reserve’s (Fed) upcoming interest rate decisions, particularly regarding a […]