GBP/USD slips below 1.3450 ahead of US ISM Services PMI release
The GBP/USD pair extended its decline to around 1.3430 during Asian trading hours on Thursday, with the Pound Sterling (GBP) under pressure against the US Dollar (USD) amid renewed concerns over the UK’s fiscal outlook. Later in the day, focus will shift to key US data releases, including weekly Initial Jobless Claims, the ADP Employment […]
Gold retreats slightly from all-time peak, struggles above $3,500
Gold extended its rally for a sixth straight session on Tuesday, marking a fresh record high during the Asian session as investors continued to price in a Federal Reserve rate cut this month. Softer policy expectations, alongside lingering tariff uncertainty and escalating geopolitical tensions, kept demand strong for the safe-haven metal. That said, XAU/USD faced […]
WTI edges higher toward $64.00 on Fed cut hopes and Russia-Ukraine supply risks
West Texas Intermediate (WTI) crude oil traded around $63.95 in early European hours on Monday, recovering some losses as optimism over a Federal Reserve (Fed) rate cut balanced pressure from fresh US tariffs on Indian imports. Market participants now await the American Petroleum Institute’s (API) weekly crude oil stock, due Tuesday, for further direction. Despite […]
AUD/USD climbs toward 0.6550 as US Dollar weakens ahead of key labor data
The AUD/USD pair surged to around 0.6560 in Monday’s European session, supported by broad weakness in the US Dollar (USD). The Greenback continues to lose ground as markets increasingly expect the Federal Reserve (Fed) to cut interest rates at its upcoming policy meeting this month. At the time of writing, the US Dollar Index (DXY) […]
Gold eases on profit-taking; US PCE data in focus
Gold (XAU/USD) edged lower during early European trading hours on Friday, retreating from a five-week high near $3,425 reached in the prior session. The decline comes amid profit-taking and a firmer US Dollar (USD), supported by upbeat US economic data. The latest US GDP report showed the economy expanded at an annualized pace of 3.3% […]
EUR/USD slips toward 1.1650 ahead of German data releases
EUR/USD extends its decline for a fourth consecutive session, trading near 1.1660 during Asian hours on Friday. Investors are awaiting Germany’s July Retail Sales and the flash Consumer Price Index (CPI) report for August later in the day. Attention will then turn to the US July Personal Consumption Expenditures (PCE) Price Index, due during the […]
WTI slips below $63.50 as summer demand fades
West Texas Intermediate (WTI) crude is trading near $63.40 per barrel in Thursday’s Asian session, paring back gains from the previous day. Oil prices eased as traders assessed softening United State fuel demand with the summer driving season nearing its end. The latest US Energy Information Administration (EIA) data showed crude inventories fell by 2.39 […]
NZD/USD steadies above 0.5860 ahead of key US GDP data
The NZD/USD pair is trading steadily around 0.5860 during Thursday’s early Asian session. Market sentiment remains cautious as concerns grow over the US Federal Reserve’s (Fed) independence following President Donald Trump’s decision to remove Fed Governor Lisa Cook on allegations of mortgage-related misconduct. Investors are closely watching the political developments, with Trump indicating on Tuesday […]
GBP/USD Slips Toward 1.3450, Rate-Cut Bets Support Sterling
GBP/USD pulls back in Asian trading on Wednesday, hovering near 1.3450 after giving up part of the previous session’s gains. Despite the dip, the Pound Sterling (GBP) retains underlying support as fading expectations for further Bank of England (BoE) rate cuts help cushion downside pressure. UK inflation has been climbing at a faster pace in […]
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Australian Dollar under pressure as Trump warns of new tariffs on China
The Australian Dollar (AUD) slipped for a second straight session on Tuesday, trading near 0.6480 against the US Dollar (USD). The AUD/USD pair remains subdued after US President Donald Trump threatened to impose a 200% tariff on Chinese goods if Beijing refuses to supply magnets to the United States, according to Reuters. As China is […]
USD/CAD holds near 1.3850 as Trump dismisses Fed Governor Cook
The USD/CAD pair is trading cautiously around 1.3850 on Tuesday, with the Canadian Dollar (CAD) showing modest resilience against the US Dollar (USD). The move comes after US President Donald Trump dismissed Federal Reserve (Fed) Governor Lisa Cook over allegations related to her mortgage holdings in Michigan and Georgia. Trump had earlier urged Cook to […]
Gold slips as US Dollar strengthens; Powell’s dovish tone may limit losses
Gold (XAU/USD) eased toward $3,350 in early European trading on Monday, weighed down by renewed US Dollar (USD) demand. However, growing expectations of a Federal Reserve (Fed) rate cut in September, following dovish remarks from Chair Jerome Powell at the Jackson Hole symposium, could cushion the downside for the precious metal. Powell acknowledged that while […]
EUR/USD Price Forecast: Testing a Key Trendline Above 1.1700
The EUR/USD pair is holding onto Friday’s momentum, trading slightly above 1.1700 during the early European session on Monday. The common currency shows resilience as the US Dollar (USD) weakens, pressured by Federal Reserve Chair Jerome Powell’s remarks suggesting the possibility of interest rate cuts amid rising labor market concerns. The US Dollar Index (DXY), […]
WTI steadies near $63.50 as Russia-Ukraine peace prospects dim
West Texas Intermediate (WTI) crude oil traded flat on Friday, hovering around $63.40 during Asian hours, after two consecutive days of gains. Prices remained steady as optimism over an immediate Russia-Ukraine peace settlement continued to fade, keeping risk premiums intact. According to Reuters, analysts at ING noted, “It’s proving difficult to arrange a Putin-Zelenskyy summit, […]
EUR/GBP edges lower near 0.8650 ahead of German GDP data
The EUR/GBP pair trades with modest losses around 0.8650 in early European hours on Friday, as the Pound Sterling (GBP) finds support from expectations that the Bank of England (BoE) may refrain from additional rate cuts this year. Investors now await Germany’s second-quarter (Q2) Gross Domestic Product (GDP) release due later in the day. UK […]
Gold Slips as Hawkish Fed Minutes, Stronger USD and Peace Hopes Weigh on Safe-Haven Demand
Gold (XAU/USD) came under renewed selling pressure during Thursday’s Asian session, struggling to extend its rebound from a three-week low. The yellow metal remains weighed down by a firmer US Dollar after the Federal Reserve’s July 30–31 meeting minutes signaled that officials remain more concerned about inflation than the labor market. The hawkish tone has […]
EUR/USD Holds Losses Near 1.1650 Ahead of Key Eurozone PMI Data
The EUR/USD pair remains under pressure, trading around 1.1640 during Thursday’s Asian session after modest gains in the previous day. The Euro weakens against the US Dollar as markets await the release of HCOB Purchasing Managers’ Index (PMI) figures from Germany and the broader Eurozone. Germany’s PMI data is due at 07:30 GMT, with the […]