Gold Price Rebounds from One-Month Low, Holds Above 100-Day SMA as USD Rally Stalls Post-Fed
Gold (XAU/USD) found renewed buying interest during Thursday’s Asian session, recovering slightly from the sharp decline seen after the Federal Reserve’s hawkish stance pushed it to a one-month low. The yellow metal is supported by a pause in the US Dollar’s (USD) rally, following its rise to a two-month high. The rebound comes as traders […]
EUR/USD Holds Above 1.1400 Ahead of Key Eurozone and US Economic Data
The EUR/USD pair finds modest support near the 1.1400 level during Thursday’s Asian session, as the US Dollar (USD) pauses its rally following a five-day winning streak. The pair shows signs of stability as traders take a cautious approach ahead of major economic releases from both the Eurozone and the United States. The US Dollar […]
US Dollar Index slips below 99.00 ahead of key Fed policy decision
The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, is trading around 98.80 during Wednesday’s Asian session, snapping a four-day winning streak. Investors are exercising caution ahead of the US Federal Reserve’s (Fed) interest rate decision later in the North American session. Markets widely expect the Fed to […]
GBP/USD steadies near 1.3350 as USD softens ahead of Fed rate decision
GBP/USD is trading slightly higher around 1.3360 during Wednesday’s Asian session after four consecutive days of losses. The pair is supported by a weaker US Dollar (USD) as markets await the US Federal Reserve’s (Fed) interest rate announcement later in the North American session. The Fed is widely expected to keep its benchmark rate unchanged […]
EUR/USD Struggles Below 1.1600 as US-EU Trade Deal Favors US Interests
The EUR/USD pair remains subdued in early Asian trading on Tuesday, hovering near 1.1590 after dropping over 1% in the previous session. The decline comes amid renewed US Dollar (USD) strength, fueled by optimism surrounding a new trade agreement between the United States and the European Union. Over the weekend, the US and EU reached […]
WTI Crude Rises Toward $65 as US-EU Finalize 15% Tariff Agreement
West Texas Intermediate (WTI) crude oil is trading near $64.90 during Monday’s Asian session, gaining traction as markets respond to the newly confirmed trade agreement between the United States and the European Union. The deal, which introduces a 15% tariff on traded goods, is set to take effect on August 1—just ahead of President Joe […]
EUR/USD Price Outlook: Bullish Tone Intact Above 1.1700 and 100-SMA (H4)
EUR/USD started the week on a firm footing, rising toward the 1.1770 level during the Asian session amid renewed optimism surrounding a potential US-EU trade agreement. However, the pair is struggling to build on this momentum as traders remain cautious ahead of the two-day FOMC meeting beginning Tuesday and key U.S. economic data due later […]
Australian Dollar Extends Losses as US Dollar Firms Amid Trade Talks and Economic Data
The Australian Dollar (AUD) is under pressure for a second straight session on Friday, slipping further against the US Dollar (USD) after retreating from an eight-month high of 0.6625 reached on Thursday. The AUD/USD pair continues to face headwinds as global trade developments and cautious sentiment boost demand for the Greenback. US Dollar Gains on […]
Gold Struggles Near Weekly Lows Amid Stronger Dollar and Trade Optimism
Gold (XAU/USD) continues to face selling pressure as Friday’s European session begins, with prices lingering near the previous day’s swing low. The yellow metal is on track for its third consecutive daily loss, weighed down by a strengthening US Dollar and a more optimistic global trade outlook, which is dampening demand for safe-haven assets. The […]
EUR/USD Slips Below Mid-1.1700s as Stronger Dollar and Trade Concerns Weigh
The EUR/USD pair edged lower for a second consecutive day on Friday, retreating from a near three-week high reached earlier. At the time of writing, the pair is hovering around the 1.1740 mark, down slightly by less than 0.10% on the day, with limited follow-through selling pressure. Despite the European Central Bank’s (ECB) decision to […]
Japanese Yen Strengthens as US-Japan Trade Deal Sparks BoJ Rate Hike Speculation
The Japanese Yen (JPY) extended its winning streak against a weakening US Dollar (USD) for the fourth consecutive day on Thursday, rising to its highest level in over two weeks during the Asian session. The recent announcement of a trade agreement between the US and Japan has eased fears of economic fallout from higher tariffs […]
Gold Slides Below $3,380 as Trade Optimism Dampens Safe-Haven Demand; Weaker USD Cushions Decline
Gold (XAU/USD) continues to face selling pressure for a second straight session on Thursday, falling below the $3,380 mark during the Asian trading hours. The pullback is largely attributed to a decline in safe-haven demand as optimism grows around global trade developments. Markets are responding positively to news of a finalized trade agreement between the […]
Australian Dollar Gains Ground Amid Trade Optimism and Risk-On Sentiment
The Australian Dollar (AUD) extended its winning streak for a fourth straight session on Wednesday, rising above 0.6550 against the US Dollar (USD) as improved market sentiment and trade optimism continue to support risk assets. The AUD/USD pair is trading near 0.6560 in early Asia, driven by positive geopolitical developments and easing concerns over global […]
WTI Drops Below $65.50 as Demand Fears Weigh on Oil Markets
West Texas Intermediate (WTI) crude slipped to around $65.40 during early Asian trading on Wednesday, as renewed concerns over global oil demand and trade tensions put pressure on prices. The latest decline comes amid mounting anxiety over US President Trump’s tariff strategy, which investors fear could dampen global economic growth and reduce fuel consumption. Markets […]
GBP/USD Climbs Above 1.3500 Amid Risk-On Sentiment and Weaker Dollar Outlook
The GBP/USD pair continued its upward momentum on Wednesday, rising toward 1.3525 during the early European trading hours. A positive risk appetite in global markets is fueling demand for risk-sensitive currencies like the British Pound, helping it strengthen against the US Dollar. Investor focus is now shifting to Thursday’s release of the UK’s preliminary PMI […]
Australian Dollar Struggles Near 0.6520 as Risk Aversion Keeps US Dollar Firm
The Australian Dollar (AUD) continues to face downward pressure against the US Dollar (USD) on Tuesday, extending losses from the previous two sessions. The AUD/USD pair remains under pressure following the release of the Reserve Bank of Australia’s (RBA) July meeting minutes, which indicated a cautious stance on future interest rate cuts. According to the […]
Gold Hovers Below $3,400 as Trade Tensions and Fed Drama Fuel Uncertainty
Gold (XAU/USD) slipped slightly on Tuesday after posting gains over the past two sessions. Despite the pullback, the precious metal remains supported by heightened geopolitical and monetary concerns, particularly as markets brace for the looming August 1 tariff deadline set by US President Donald Trump. The spotlight remains on the ongoing trade talks between the […]
EUR/USD Steady Near 1.1700 as US-EU Trade Tensions Intensify
The EUR/USD pair is holding firm around the 1.1700 level during Tuesday’s Asian session, extending the gains made on Monday. The euro continues to benefit from a pullback in the US Dollar (USD), which weakened following renewed trade tensions between the United States and the European Union. The US Dollar Index (DXY), which measures the […]