EUR/GBP Drops Near 0.8400 Ahead of Eurozone Retail Sales
EUR/GBP Drops Near 0.8400 Ahead of Eurozone Retail Sales EUR/GBP surrenders its recent gains from the previous session, trading around 0.8420 during Thursday’s Asian session. Traders are closely watching the Eurozone Retail Sales data set to be released later in the day. The decline in the EUR/GBP pair is driven by growing speculation that the […]
GBP/USD Holds Steady Above 1.3100 Ahead of Fed Beige Book
GBP/USD Holds Steady Above 1.3100 Ahead of Fed Beige Book The GBP/USD pair remains stable around 1.3110 during the early European session on Wednesday. However, with a cautious market sentiment ahead of key U.S. events, the U.S. Dollar (USD) could gain some support, potentially pushing the pair lower. The U.S. JOLTS Job Openings and the […]
Gold Price Declines as Traders Await US PMI Data
Gold Price Declines as Traders Await US PMI Data The price of gold (XAU/USD) is under pressure, falling on Tuesday due to a stronger US Dollar (USD) and rising US Treasury bond yields. Despite this, expectations of a potential interest rate cut by the US Federal Reserve (Fed) in September may provide some support for […]
WTI Falls to Around $72.50 as OPEC+ Plans Production Increase
WTI Falls to Around $72.50 as OPEC+ Plans Production Increase West Texas Intermediate (WTI) crude oil prices have declined for the second consecutive session, trading near $72.50 per barrel during Monday’s Asian trading hours. This downward trend is largely attributed to reports that the Organization of the Petroleum Exporting Countries and their allies (OPEC+) are […]
USD/CHF weakens below 0.8500, eyes on Swiss CPI, GDP data
USD/CHF weakens below 0.8500, eyes on Swiss CPI, GDP data The USD/CHF pair declines towards 0.8490 during early European trading on Monday. This drop is driven by a weaker US Dollar (USD) amid rising expectations that the US Federal Reserve (Fed) might cut interest rates in its September meeting. Upcoming economic data from Switzerland, including […]
USD/CHF Extends Decline Near 0.8400 as Investors Await US GDP Data
USD/CHF Extends Decline Near 0.8400 as Investors Await US GDP Data The USD/CHF pair is experiencing selling pressure, trading around 0.8405 during early European hours on Thursday. Dovish comments from US Federal Reserve (Fed) officials continue to weigh on the US Dollar (USD). At the Fed’s annual Jackson Hole retreat last week, Fed Chair Jerome […]
Pound Sterling Drops from Recent Highs as Attention Turns to US Core PCE Inflation
Pound Sterling Drops from Recent Highs as Attention Turns to US Core PCE Inflation The Pound Sterling (GBP) has pulled back from a more-than-two-year high of 1.3266 against the US Dollar (USD) during Wednesday’s London session. The GBP/USD pair has dipped as the US Dollar regains some strength, with investors now focusing on the upcoming […]
Rate Cuts Could Facilitate a Soft Landing: UBS
Rate Cuts Could Facilitate a Soft Landing: UBS In a note released on Monday, UBS Financial Services reiterated its forecast that the U.S. economy is on track for a soft landing, despite acknowledging significant risks of a potential downturn. Consumer spending will be a critical factor in determining whether the economy can achieve this outcome. […]
USD/CAD Weakens Near 1.3500 as Fed’s Powell Signals Possible Interest Rate Cut in September
USD/CAD Weakens Near 1.3500 as Fed’s Powell Signals Possible Interest Rate Cut in September The USD/CAD pair is experiencing selling pressure around the 1.3510 level on Monday during Asian trading hours. The US Dollar (USD) is edging lower after Federal Reserve (Fed) Chair Jerome Powell indicated that the time for interest rate cuts may be […]
EUR/GBP Slips Below 0.8500 Ahead of BoE Governor Bailey’s Speech
EUR/GBP Slips Below 0.8500 Ahead of BoE Governor Bailey’s Speech The EUR/GBP pair continues its downward trend, trading near 0.8485 during early European trading hours on Friday. The decrease in expectations for a Bank of England (BoE) interest rate cut in September, following positive Purchasing Managers’ Index (PMI) data, is supporting the Pound Sterling (GBP) […]
EUR/USD Slips Below 1.1150 as Eurozone and US PMI Data Loom
EUR/USD Slips Below 1.1150 as Eurozone and US PMI Data Loom The EUR/USD pair is trading with mild losses around 1.1145, breaking its four-day winning streak during the Asian session on Thursday. Despite the current dip, downside risks for the pair appear limited due to strong expectations that the US Federal Reserve (Fed) may begin […]
Oil Edges Higher Ahead of Weekly Stockpile Reports
Oil Edges Higher Ahead of Weekly Stockpile Reports Oil prices are trading relatively flat on Wednesday after experiencing sharp declines over the past three sessions. The stabilization follows reports that a tanker in the Red Sea was attacked by Houthi rebels. Delta Tankers confirmed that its vessel, Sounion, sustained minor damage in the attack. This […]
Gold Price Holds Steady Near Record High, Awaits Fed Cues for Next Move
Gold Price Holds Steady Near Record High, Awaits Fed Cues for Next Move Gold price (XAU/USD) continues its sideways consolidation for the second consecutive day on Tuesday, remaining in a narrow range around the $2,500 psychological level as the European session approaches. A generally positive sentiment across global equity markets is acting as a headwind […]
EUR/USD Steady Near 1.1100, Close to Eight-Month Highs
EUR/USD Steady Near 1.1100, Close to Eight-Month Highs The EUR/USD pair is holding around 1.1080 during Tuesday’s Asian session, after easing back slightly from an eight-month high of 1.1087. This minor pullback is linked to a stronger US Dollar (USD) amid a rise in risk-averse sentiment. However, the USD might face challenges ahead as the […]
WTI Trades with Modest Losses Below $77.00, Downside Potential Limited
WTI Trades with Modest Losses Below $77.00, Downside Potential Limited West Texas Intermediate (WTI) crude oil prices are struggling to build on the previous day’s rebound from weekly lows, trading with a slight negative bias during the Asian session on Friday. The commodity is currently around the $76.70 mark, down 0.25% for the day, but […]
USD/CHF Dips Below 0.8750 Amid Risk-On Sentiment and Weaker US Dollar
USD/CHF Dips Below 0.8750 Amid Risk-On Sentiment and Weaker US Dollar The USD/CHF pair is trading lower, hovering around 0.8715 during the early European session on Friday. This decline is attributed to a softer US Dollar (USD). Meanwhile, the US Dollar Index (DXY), which measures the value of the USD against a basket of major […]
Japanese Yen Strengthens Amid Hawkish BoJ Sentiment; US Data in Focus
Japanese Yen Strengthens Amid Hawkish BoJ Sentiment; US Data in Focus The Japanese Yen (JPY) rebounded against the US Dollar (USD) on Friday, likely bolstered by Japan’s strong second-quarter GDP growth, which fuels speculation about a potential interest rate hike from the Bank of Japan (BoJ). However, the Yen may face headwinds due to political […]
EUR/USD Steadies Above 1.1000 Ahead of US Retail Sales Data
EUR/USD Steadies Above 1.1000 Ahead of US Retail Sales Data The EUR/USD pair is holding steady near 1.1010, consolidating its gains after pulling back from a recent seven-month high during the Asian session on Thursday. The Euro (EUR) strengthened against the US Dollar (USD) after the Eurozone’s second-quarter (Q2) Gross Domestic Product (GDP) growth met […]