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, […]
EUR/USD Hits 10-Week Low Ahead of ECB Policy Announcement
EUR/USD Hits 10-Week Low Ahead of ECB Policy Announcement EUR/USD continues to show weakness, trading near 1.0850 on Thursday as the currency pair faces significant selling pressure ahead of the European Central Bank’s (ECB) interest rate decision, expected at 12:15 GMT. According to a Tuesday note from Citi, traders anticipate the ECB will reduce its […]
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 Struggles Below 1.0950 Ahead of Key German Inflation Data
EUR/USD Struggles Below 1.0950 Ahead of Key German Inflation Data The EUR/USD pair continues to trade defensively around 1.0935 during early European hours on Friday. A stronger-than-expected U.S. inflation reading on Thursday has bolstered the U.S. dollar, limiting the pair’s ability to move higher. The U.S. Consumer Price Index (CPI) came in hotter than anticipated, […]
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 […]
US CPI Inflation Data Could Shape Market Expectations for Fed Rate Decisions
US CPI Inflation Data Could Shape Market Expectations for Fed Rate Decisions The U.S. Bureau of Labor Statistics (BLS) is set to release the eagerly awaited Consumer Price Index (CPI) inflation data for September on Thursday at 12:30 GMT. The U.S. Dollar (USD) faces potential volatility, as the report could play a significant role in […]
USD/CHF Gains Momentum Above 0.8550 Ahead of FOMC Minutes
USD/CHF Gains Momentum Above 0.8550 Ahead of FOMC Minutes The USD/CHF pair is trading higher, hovering around 0.8575 during early European trading on Wednesday. This strength comes from a firmer US Dollar (USD), supported by fading expectations of aggressive rate cuts by the Federal Reserve (Fed). Investors are now focused on the release of the […]
EUR/USD Hovers Near Mid-August Lows, Remains Vulnerable Around 1.0975
EUR/USD Hovers Near Mid-August Lows, Remains Vulnerable Around 1.0975 The EUR/USD pair starts the week on a subdued note, consolidating last week’s sharp losses, which brought it to its lowest level since mid-August following strong US employment data on Friday. The pair is currently trading around the 1.0975 level, looking vulnerable to further declines after […]
Japan Stocks Climb as Nikkei 225 Gains 2.01% at Close
Japan Stocks Climb as Nikkei 225 Gains 2.01% at Close Japanese stocks ended higher on Thursday, led by strong performances in the Mining, Chemical, Petroleum & Plastic, and Real Estate sectors. The Nikkei 225 index surged by 2.01%, marking a strong session. Top performers of the day included M3 Inc. (TYO:2413), which saw an impressive […]
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 […]
EUR/USD Hits Three-Week Low Around 1.1030 Amid Strengthening USD
EUR/USD Hits Three-Week Low Around 1.1030 Amid Strengthening USD The EUR/USD pair has seen selling pressure for the fifth consecutive day, dipping to a fresh three-week low near the 1.1030 mark during Thursday’s Asian session. This bearish momentum is driven by broad US Dollar (USD) strength, pushing the pair below the 50-day Simple Moving Average […]
EUR/USD Posts Modest Gains Above 1.1050, Traders Eye US ADP Report
EUR/USD Posts Modest Gains Above 1.1050, Traders Eye US ADP Report The EUR/USD pair is experiencing slight gains, trading around 1.1070 during Asian trading hours on Wednesday. However, any escalation in geopolitical tensions, particularly in the Middle East, could weigh on risk-sensitive assets like the Euro (EUR). Investors are also focusing on the US ADP […]