Australian Dollar Holds Steady as Fed Cuts Loom, RBA Seen on Pause
The Australian Dollar (AUD) edged lower against the US Dollar (USD) on Wednesday after two days of gains, though downside pressure remains limited. Rising expectations of multiple Federal Reserve (Fed) rate cuts could weigh on the greenback and help support AUD/USD. US Data and Fed Outlook US Retail Sales rose 0.6% month-on-month in August, matching […]
Gold consolidates near record highs as central bank decisions loom
Gold (XAU/USD) is holding steady near the $3,680 region during Tuesday’s Asian session, consolidating its recent surge to an all-time high. The metal’s pause reflects caution ahead of a busy week of central bank events, with the Federal Reserve’s policy decision and updated economic projections on Wednesday in sharp focus. A widely expected 25-basis-point rate […]
EUR/USD edges higher toward 1.1800 ahead of key Eurozone and German data
EUR/USD is extending its gains for the fourth straight session, trading near 1.1780 during Asian hours on Tuesday. The Euro (EUR) is strengthening as markets await the release of Eurozone Industrial Production figures for July and Germany’s ZEW Economic Sentiment Survey for September. Support for the common currency comes from hawkish remarks by European Central […]
Australian Dollar steadies as markets eye Michigan Consumer Sentiment
The Australian Dollar (AUD) held firm against the US Dollar (USD) on Friday, consolidating after two straight sessions of gains. The AUD/USD pair traded near 0.6660, supported by risk-on sentiment and rising bets of a Federal Reserve (Fed) rate cut next week. Softer US labor data has overshadowed hotter inflation, with investors also raising the […]
Gold eases as risk appetite improves and USD ticks higher, focus shifts to US CPI
Gold (XAU/USD) faced mild selling pressure in Asian trading on Thursday, retracing part of the prior session’s gains. The retreat was driven by upbeat sentiment across global equities and a modest uptick in the US Dollar (USD), which together limited demand for the safe-haven metal. That said, expectations of a Federal Reserve (Fed) rate cut […]
Japanese Yen steady against USD; downside risks appear contained
The Japanese Yen (JPY) trades in a narrow range against the US Dollar (USD) during Wednesday’s Asian session, reflecting mixed fundamental signals. While political uncertainty in Japan and buoyant equity markets weigh on the safe-haven JPY, expectations of further Bank of Japan (BoJ) tightening and dovish Federal Reserve (Fed) prospects help cushion losses, limiting upside […]
NZD/USD steady above 0.5900 despite weak Chinese CPI data
The NZD/USD pair remains firm near 0.5930 during Wednesday’s Asian session, with the New Zealand Dollar holding its ground against the US Dollar despite softer-than-expected Chinese inflation figures. Traders now shift focus to the upcoming US Producer Price Index (PPI) data for August, due later in the day. Fresh data from China’s National Bureau of […]
EUR/USD edges higher toward 1.1800 as traders eye ECB decision
The EUR/USD pair continued its upward momentum for a third straight session, trading near 1.1780 during Asian hours on Tuesday. The euro advanced as the US Dollar (USD) remained under pressure, weighed down by last week’s weaker-than-expected August jobs report, which strengthened bets on a Federal Reserve (Fed) rate cut in September. Market pricing now […]
Gold Surges Past $3,600 on Fed Rate-Cut Bets and Safe-Haven Flows
Gold (XAU/USD) kicked off the week on a powerful bullish note, smashing fresh all-time highs above $3,600 per ounce on Monday. The rally extends last week’s momentum as markets grow increasingly convinced the Federal Reserve (Fed) will deliver a rate cut at its September meeting. A string of weak US labor market figures has strengthened […]
US Dollar Index steadies above 98.00 as ISM Services PMI looms
The US Dollar Index (DXY), which tracks the performance of the greenback against six major peers, is consolidating near 98.20 during Thursday’s Asian session after slipping in the previous day’s trade. The Dollar is finding support ahead of fresh US labor market data that could influence the Federal Reserve’s policy outlook. Traders await the ADP […]
EUR/USD falls toward 1.1600 ahead of Eurozone PMI release
EUR/USD extended its decline for a second consecutive session on Wednesday, hovering near 1.1620 during Asian trading hours. Investors are now awaiting the release of HCOB Purchasing Managers’ Index (PMI) data from both Germany and the broader Eurozone later in the day. The pair weakened as the US Dollar (USD) gained traction on the back […]
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) […]
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 […]
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 […]
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 […]