Australian Dollar Faces Downward Pressure Amid Risk-Off Sentiment
Australian Dollar Faces Downward Pressure Amid Risk-Off Sentiment The Australian Dollar (AUD) struggled to maintain its previous gains on Wednesday, as the AUD/USD pair came under pressure from a stronger US Dollar (USD) driven by rising US Treasury yields. The growing risk aversion in markets, partly fueled by the increasing odds of Donald Trump winning […]
GBP/USD Tests 1.3000, Faces Challenges Amid BoE Dovish Outlook
GBP/USD Tests 1.3000, Faces Challenges Amid BoE Dovish Outlook The GBP/USD pair moved closer to the 1.3000 mark during Wednesday’s Asian session, though the British Pound (GBP) encountered resistance due to weaker UK economic data. Falling consumer and producer inflation, alongside disappointing labor market figures, have raised market expectations that the Bank of England (BoE) […]
WTI Struggles Below $70 Amid Demand Concerns and USD Strength
WTI Struggles Below $70 Amid Demand Concerns and USD Strength West Texas Intermediate (WTI) crude oil prices are hovering just below the $70.00 mark during Tuesday’s Asian session, remaining in a tight range around $69.70-$69.75. The commodity has struggled to build on the previous day’s modest gains and stays near the three-week low it touched […]
Australian Dollar Supported by Hawkish RBA Outlook, But Faces Pressure from Rising US Treasury Yields
Australian Dollar Supported by Hawkish RBA Outlook, But Faces Pressure from Rising US Treasury Yields The Australian Dollar (AUD) regained some of its recent losses against the US Dollar (USD) on Tuesday, buoyed by a hawkish stance from the Reserve Bank of Australia (RBA) and strong domestic employment data. However, the AUD/USD pair continues to […]
EUR/USD Oscillates Above 1.0800, Bearish Risks Remain
EUR/USD Oscillates Above 1.0800, Bearish Risks Remain The EUR/USD pair is currently in a bearish consolidation phase during Tuesday’s Asian session, fluctuating around the 1.0820 mark, just above its lowest level since early August, which was reached the day before. The short-term outlook remains skewed toward bearish sentiment, indicating that the pair may still trend […]
Gold Price Overbought, Bulls Should Exercise Caution Amid Renewed USD Strength
Gold Price Overbought, Bulls Should Exercise Caution Amid Renewed USD Strength Gold (XAU/USD) remains near its intraday highs through early European trading, hovering close to its all-time peak of around $2,730. The continued accommodative monetary policy environment and persistent geopolitical tensions, especially from the Middle East conflicts, support the precious metal’s upward momentum. Additionally, political […]
GBP/USD Consolidates Around Mid-1.3000s, Vulnerable Amid Strong USD
GBP/USD Consolidates Around Mid-1.3000s, Vulnerable Amid Strong USD The GBP/USD pair struggles to maintain modest recovery gains from the past two days, trading within a narrow range around 1.3050-1.3045 during Monday’s Asian session. Spot prices remain close to last Thursday’s one-month low, signaling potential vulnerability for continued declines from the 1.3435 area, which marked the […]
WTI Inches Higher to $70.50 Amid US Oil Stock Decline
WTI Inches Higher to $70.50 Amid US Oil Stock Decline West Texas Intermediate (WTI) crude oil prices continue to rise for the second consecutive day, trading around $70.40 per barrel during Friday’s Asian session. The upward momentum in oil prices is primarily driven by an unexpected drop in US crude oil inventories. The Energy Information […]
EUR/USD Extends Losses After ECB Rate Cut
EUR/USD Extends Losses After ECB Rate Cut The EUR/USD pair continues to decline following the European Central Bank’s (ECB) decision to cut rates by 25 basis points on Thursday. With a lack of bullish momentum, the pair is now down more than 3.5% from late September’s peak above 1.1200, as it extends near-term losses. The […]
Australian Labor Market Surprises Positively – Commerzbank
Australian Labor Market Surprises Positively – Commerzbank Australia’s employment report delivered stronger-than-expected results this morning, joining the list of countries with unexpectedly robust labor data, notes Commerzbank’s FX analyst, Michael Pfister. AUD Supported Amid Strong Job Creation “Job creation reached 64.1k, slightly outpacing August’s already strong figure, with most gains driven by full-time positions. Meanwhile, […]
WTI Crude Oil Holds Modest Losses Above $70, Bearish Bias Persists
WTI Crude Oil Holds Modest Losses Above $70, Bearish Bias Persists West Texas Intermediate (WTI) crude oil prices struggle to maintain momentum after a modest rebound from the $69.25 region, a two-week low. During Wednesday’s Asian session, WTI is trading around $70.25, down by 0.30% for the day, and appears vulnerable to further declines. Despite […]
EUR/USD stays below 1.0900; further decline likely as ECB decision approaches
EUR/USD stays below 1.0900; further decline likely as ECB decision approaches EUR/USD remains under pressure, trading near 1.0890 during the Asian session on Wednesday after a four-day losing streak. The Euro could face additional downside as the European Central Bank (ECB) is widely expected to announce a 25 basis point cut in both the Main […]
Japanese Yen Vulnerable Against USD, Hovers Near Lowest Levels Since Early August
Japanese Yen Vulnerable Against USD, Hovers Near Lowest Levels Since Early August The Japanese Yen (JPY) continues to struggle, failing to hold onto modest gains from the Asian session against the US Dollar (USD), and remains near its lowest point since early August, touched on Monday. Investors are scaling back their expectations for further interest […]
WTI Crude Drops Near $74 After China Inflation Data
WTI Crude Drops Near $74 After China Inflation Data West Texas Intermediate (WTI) oil prices extended losses for a second consecutive session on Monday, falling to around $74.10 per barrel during Asian trading hours. The decline of over 1% comes in the wake of weaker-than-expected inflation data from China for September, which was released on […]
Japanese Yen Consolidates Against USD, Hovers Near Lowest Level Since Early August
Japanese Yen Consolidates Against USD, Hovers Near Lowest Level Since Early August The Japanese Yen (JPY) continues its sideways consolidation against the US Dollar (USD), remaining near its lowest level since early August during Monday’s early European session. Comments from Japanese Prime Minister Shigeru Ishiba last week, which were critical of further monetary tightening, have […]
EUR/USD Dips Below 1.0950 Amid Stronger US Dollar
EUR/USD Dips Below 1.0950 Amid Stronger US Dollar The EUR/USD pair continued its decline, dropping to around 1.0920 during early trading in Asia on Monday. This downward movement is driven by risk aversion, fueled by escalating geopolitical tensions in the Middle East and rising conflicts between China and Taiwan, which are pressuring riskier currencies like […]
Gold Price Holds Intraday Gains, But USD Strength Limits Upside Ahead of US PPI Data
Gold Price Holds Intraday Gains, But USD Strength Limits Upside Ahead of US PPI Data Gold (XAU/USD) has retreated slightly from a three-day high, trading around the $2,640 level during early European hours on Friday. Despite the dip, the precious metal remains up over 0.40% for the day. A rise in U.S. weekly jobless claims […]
EUR/USD Hovers Near Two-Month Low, Remains Vulnerable Below Mid-1.0900s Ahead of US CPI
EUR/USD Hovers Near Two-Month Low, Remains Vulnerable Below Mid-1.0900s Ahead of US CPI The EUR/USD pair remains confined to a tight range below the mid-1.0900s during Thursday’s Asian session, consolidating its recent losses after hitting a nearly two-month low the previous day. The U.S. Dollar (USD) is holding firm near its highest level since August […]