Pound Steadies Above 1.3300 on Bank of England’s Careful Policy Approach
The GBP/USD pair is holding steady above the 1.3300 psychological level, trading near 1.3310 in Friday’s Asian session. After three days of small losses, the Pound Sterling (GBP) is regaining support, helped by the Bank of England’s (BoE) firm and careful approach to monetary policy. The BoE continues to focus on bringing down stubborn inflation, […]
GBP/JPY Retreats from YTD High as Japan’s Verbal Intervention Boosts Yen
The British Pound-Japanese Yen (GBP/JPY) currency pair, a significant player in the forex market, is experiencing a notable pullback for the second consecutive day. This retreat, from its yearly high of around 205.30 reached earlier this week. It is a clear indication of the impact of Japan’s verbal intervention. As of Friday, the pair is […]
EUR/USD Goes up as US Dollar Weakens During Government Shutdown
After dropping for three days, the EUR/USD pair showed signs of recovery on Thursday, rising to about 1.1650 in the Asian session. The increase in the value of the Euro coincided with a decline in the US dollar as a result of the ongoing, more than week-long US government shutdown. A number of government agencies, […]
Crypto Market Goes Down as Traders Take Profits Amid Uncertainty
The crypto market, which dipped slightly a day earlier, slipped further on Wednesday. Popular cryptocurrencies like Cardano (ADA), Ethereum (ETH), Ripple (XRP), Bitcoin (BTC), and several memecoins saw significant price drops. Over $680 million worth of leveraged trades were liquidated across exchanges over the past day, according to data from CoinGlass. Approximately 77% of them […]
Australian Dollar Falls Due to Weak Housing Data and Strong US Dollar
Following weak housing data, the Australian dollar (AUD) continued to decline against the US dollar (USD) on Wednesday, continuing its losses for the second straight session. The AUD/USD pair declined as investor sentiment intensified, with the S&P/ASX 200 index edging down 0.14% to trade below 8,950. It occurred due to declines in technology and gold […]
Japanese Yen extends weakness as policy outlook favors fiscal easing and delayed BoJ tightening
The Japanese Yen (JPY) continues to trade with a bearish tone against a mildly stronger US Dollar (USD), hovering near its lowest level since early August during Tuesday’s Asian session. The unexpected outcome of Japan’s leadership contest has set the stage for more expansionary fiscal policies, complicating the Bank of Japan’s (BoJ) efforts to normalize […]
EUR/USD stays weak near 1.1700 but downside limited by Fed rate cut hopes
EUR/USD is trading around 1.1720 during Monday’s Asian session, giving back some of last session’s gains. However, the downside seems restricted as the US Dollar (USD) faces pressure amid rising expectations of Federal Reserve (Fed) rate cuts. According to the CME FedWatch Tool, markets now price in a 95% chance of a rate cut in […]
Australian Dollar steadies as traders await US PMI data, 0.6600 in focus
The Australian Dollar (AUD) holds near 0.6590 against the US Dollar (USD) on Friday, consolidating after recent losses. The pair remains steady following the release of Australia’s latest economic data, with traders cautious ahead of key US PMI figures. Australia’s September Composite PMI fell to 52.4 from 55.5 in August, marking a full year of […]
NZD/USD holds firm near one-week high as USD weakens
The NZD/USD pair found support near the 0.5800 level during the Asian session on Thursday, attracting fresh buying interest and extending its winning streak to a fifth straight day. The pair is currently trading around 0.5825–0.5830, just shy of its weekly peak, as it builds on the rebound from last week’s lows—the weakest since April […]
Japanese Yen Holds Firm as BoJ’s Hawkish Stance Diverges From Fed Outlook
The Japanese Yen (JPY) trades cautiously during Wednesday’s Asian session, though the absence of strong follow-through selling suggests limited downside for now. Hawkish commentary from the Bank of Japan’s (BoJ) September meeting Summary of Opinions continues to bolster expectations of policy normalization, offering support to the safe-haven JPY. This, coupled with rising geopolitical risks and […]
GBP/USD Advances Above 1.3450 Amid Rising Fed Rate Cut Expectations
GBP/USD extends its rally for the fourth straight session, trading near 1.3460 during Wednesday’s Asian session. The pair remains supported as the US Dollar (USD) weakens on the back of soft labor market data, which has heightened expectations of Federal Reserve (Fed) rate cuts. According to the CME FedWatch Tool, markets are now pricing in […]
Gold Buying Momentum Unstoppable as Geopolitical Risks and Fed Easing Bets Fuel Rally
Gold (XAU/USD) extended its winning streak for a fourth straight session on Tuesday, hitting fresh record highs above $3,870 during Asian trading. The safe-haven metal remains strongly bid as geopolitical tensions intensify and expectations of further US Federal Reserve rate cuts keep investors flocking to bullion. Safe-Haven Demand Drives Gold Higher Mounting geopolitical risks continue […]
EUR/USD edges higher as US shutdown concerns pressure the Dollar
The EUR/USD pair rose more than 0.20% on Monday, supported by renewed concerns about a potential US government shutdown. Despite improved sentiment data in the Eurozone, the common currency’s advance remained modest. At the time of writing, the pair trades near 1.1726, after touching a daily low of 1.1701. Dollar weakens amid political deadlock in […]
WTI holds above $65.00, trades near three-week highs amid pressure on Russian oil
West Texas Intermediate (WTI) crude extended its rally for the fourth straight session on Friday, hovering around $65.10 per barrel during Asian trading. Prices touched a near three-week high as supply concerns deepened, fueled by escalating pressure on Russian oil linked to the ongoing Ukraine conflict. US President Donald Trump urged Turkish President Recep Tayyip […]
EUR/USD strengthens above 1.1650 ahead of US PCE inflation data
The EUR/USD pair advanced to around 1.1680 during Friday’s Asian session, supported by broad weakness in the US Dollar (USD). However, investor sentiment is expected to turn cautious ahead of the release of the US August Personal Consumption Expenditures (PCE) Price Index, a key inflation gauge closely watched by the Federal Reserve (Fed). Fed officials […]
Gold Holds Range as Traders Await Fed Guidance; $3,700 Seen as Key Level
Gold (XAU/USD) traded in a narrow range below $3,750 during Thursday’s Asian session, extending its sideways movement but staying above Wednesday’s swing low. The metal remains under pressure from Federal Reserve (Fed) Chair Jerome Powell’s cautious remarks earlier this week, which tempered expectations for aggressive policy easing. Still, geopolitical risks and a weaker outlook for […]
EUR/USD Steadies Near 1.1750 Ahead of German Data and Fed Commentary
The EUR/USD pair is trading close to 1.1750 during Thursday’s Asian session, recovering from more than 0.5% losses seen in the previous day. Traders are cautious as they await the release of Germany’s GfK Consumer Confidence Survey later today. The Euro (EUR) came under pressure on Wednesday after the German IFO Business Climate Index dropped […]
GBP/USD eases toward 1.3500 as UK PMI data disappoints
The Pound Sterling (GBP) edged lower against the US Dollar (USD) in early European trading on Wednesday, with GBP/USD slipping to around 1.3510. The move came after the latest UK S&P Global flash PMI figures for September revealed weaker-than-expected economic activity. Traders now await remarks from Bank of England (BoE) External Member Megan Greene, due […]