US Dollar Index Slips Near 98 as Markets Bet on Bigger 2026 Rate Cuts Than the Fed
The US Dollar Index just can’t seem to catch a break, as on Thursday, it hovered nervously above 98, barely holding on after dropping to a new seven-week low at 98.13. Traders are increasingly leaning toward the view that the Fed will have to cut rates much deeper by 2026 than officials are willing to […]
US Dollar Index Slips Towards 98.50 After Fed Cut; Markets Now Watching Jobless Claims
The US Dollar Index eased to roughly 98.55 in the early Asian session on Thursday. It wasn’t a dramatic fall—more like the kind of slow slide you notice only when you look twice. Traders have seen this kind of reaction before: the Dollar doesn’t jump or crash; it just loosens its shoulders after a big […]
WTI crude hovers near $58.20 as a stronger US Dollar drags oil prices down
WTI crude is trading close to $58.20 early Wednesday in Asia. Oil’s losing steam, and the main culprit is the US Dollar. After fresh US job data surprised everyone, the Dollar got a boost. Since oil’s priced in Dollars, a stronger Dollar usually makes crude more expensive for buyers using other currencies, so demand slips […]
WTI Dips Below $60, But Downside Looks Limited
WTI crude slipped just under $60 on Monday, trading with a slightly negative vibe. Still, it’s hanging near the two-week high it hit on Friday, so sellers aren’t really taking over. The price has been climbing for three weeks straight, though you can tell buyers are getting a bit careful at these levels. Russian Supply […]
USD/CAD Stays Quiet Near 1.3950 as Traders Eye Canadian Jobs Data
USD/CAD barely budged around 1.3950 during Friday’s Asian hours. No one wanted to make a big move before Canada’s jobs numbers drop later today. The pair stuck to its range from Thursday, with everyone waiting for fresh economic clues that might sway the Bank of Canada’s next policy call. That labor report lands at 13:30 […]
GBP/USD Drops Below 1.3350 as the USD Accelerates
Early on Thursday, GBP/USD is trading around 1.3330, retreating from its recent two-month high. The main story? The US Dollar bounced back, even though American economic data has been underwhelming. People are keeping an eye on the calendar—big US numbers are on the way, especially the Weekly Initial Jobless Claims Report. Right now, there’s caution […]
Japanese Yen Slips as Dollar Bounces Back, but Rate Hike Buzz Keeps Losses in Check
The yen lost a bit of ground against the US dollar in Thursday’s Asian trading. Still, it’s not all bad news for the yen. Traders are treading carefully these days, not eager to bet against the Bank of Japan. There’s real buzz about a potential rate hike in December. Governor Kazuo Ueda made it pretty […]
Oil prices stay under $59.50, dragged down by growing pessimism
West Texas Intermediate took a hit, dipping to about $59.25 in Tuesday’s Asia trading. With the US dollar gaining ground, crude feels the heat—pushing near-term views deeper into negative territory. Traders are waiting for the latest API Weekly Crude Oil Stockpile numbers, hoping for a hint on where the market’s headed next. Geopolitics and OPEC+ […]
USD/CAD Pair Tries Hard to Bounce Back Above 1.3950
Early on Monday in Asia, the USD/CAD pair slightly increased and returned to 1.3980. It’s a bit of a stubborn move, especially since Canada just dropped stronger economic numbers. Still, the US Dollar just can’t seem to break out, with traders fully expecting the Federal Reserve to cut interest rates this month. Everyone’s eyes are […]
Australian Dollar Surges as Inflation Surprises
The Aussie dollar just won’t quit. Friday marked its sixth day in a row climbing against the US dollar, and the reason’s pretty clear—October’s inflation numbers came in hotter than anyone expected. Prices keep rising, now four months straight, and they’ve blown past the Reserve Bank’s 2–3% comfort zone. Traders see this and figure the […]
Bitcoin Reclaims $90,000 as Rate-Cut Bets Lift Risk Appetite
Asia’s crypto market kicked off Thursday on a high note. Bitcoin jumped back over $90,000, and stocks across the region opened stronger. A weaker US dollar and growing bets on a Federal Reserve rate cut in December fueled the appetite for risk in both crypto and equities. Still, trading stayed pretty quiet with US markets […]
Gold Slips Below Two-Week High as Positive Risk Sentiment Limits Safe-Haven Demand
Gold slipped back a bit during Thursday’s Asian session, losing some ground after hitting a two-week high. Investors felt more confident about riskier assets, thanks to talk of progress in Russia-Ukraine peace efforts and some positive moves in the markets, so a lot of people took profits and eased out of gold. The US Thanksgiving […]
Gold Still Looks Strong Near $4,150 as Rate Cut Hopes Grow
Gold keeps climbing. For the second day in a row, XAU/USD is pushing higher, now sitting just below $4,150—a level it hasn’t touched in about a week. What’s behind the move? It comes down to the Fed. Traders are betting more heavily on a rate cut in December, and that’s weighing on the US Dollar. […]
US Dollar Index Stalls Near 100.00 as Traders Bet on December Rate Cut
The US Dollar Index (DXY) lost steam Monday, settling just under the 100.00 mark in Asian trading. The rally that lasted five days finally took a breather. Traders started turning their attention to the growing buzz about a possible Federal Reserve rate cut in December. Now, everyone’s waiting to see what Tuesday’s Producer Price Index […]
GBP/USD Stays Weak as Reeves Scraps Tax Hike Plan
The British Pound just can’t catch a break. GBP/USD hangs around 1.3150, marking its third sluggish day in a row. Traders aren’t exactly jumping for joy after Chancellor Rachel Reeves dropped the income-tax hike plans. The Office for Budget Responsibility did cut its deficit forecast—from £35 billion down to £20 billion—but investors aren’t impressed. There’s […]
Silver (XAG/USD) Retreats as Stronger US Dollar Caps Gains
Silver (XAG/USD) drops back to about $51.10 in early European trading on Wednesday, snapping a five-day run. The culprit? The US Dollar’s sudden strength. Traders are watching the Fed for hints about its next move, and several officials—John Williams, Christopher Waller, and Raphael Bostic—are lined up to speak later today. Their comments could set the […]
Australian Dollar Slides as RBA Keeps Traders Guessing
The Australian Dollar took another hit against the US Dollar on Wednesday. Investors didn’t like what they heard from the Reserve Bank of Australia. RBA Deputy Governor Andrew Hauser called their policy “restrictive” and admitted the board is still debating its next move. Bottom line: the RBA looks set to keep things tight for longer, […]
Gold at Two-Week High as Traders Anticipate Fed Rate Cuts
Gold price just keeps climbing. Early Tuesday, prices shot up to a two-week high, landing near $4,141 during Asia’s trading hours. What’s pushing it up? Investors are betting hard that the Federal Reserve will cut interest rates in December. There’s more behind the rally, too. Worries about a possible US government shutdown have people looking […]