Pound Sterling Near Monthly Low as Markets Await US GDP & PCE Data
The GBP/USD pair extends its decline for a fifth straight session on Friday, drifting back toward the nearly one-month low recorded the previous day. During the Asian session, the pair trades below the mid-1.3400 region and remains under pressure as traders turn their focus to crucial US economic releases for fresh direction. Markets are awaiting […]
Gold Prices Below $5,000 as Hawkish Fed Minutes Support US Dollar
Gold prices (XAU/USD) moved sideways during Thursday’s Asian session, staying below the key $5,000 psychological level. Traders remain cautious as mixed signals from the market limit strong directional moves. The US Dollar continues to hold firm near a one-week high after the release of the January Federal Reserve meeting minutes, which leaned toward a more […]
The Australian dollar recoups its initial gains and falls below 0.7050 versus the US dollar.
During Thursday’s European trading session, the Australian dollar (AUD) gives up most of its early gains and flattens to about 0.7045 versus the US dollar (USD). Following the release of the Australian labor market data for January, the Aussie pair saw strong bids earlier in the day. With a lower unemployment rate and modest new […]
USD/CAD Price Forecast: Attempts to push recovery above 20-day EMA
The USD/CAD pair trades slightly higher near 1.3653 in the early European session on Wednesday. The pair gains modestly as the US Dollar (USD) edges up ahead of the Federal Open Market Committee (FOMC) Minutes scheduled for 19:00 GMT. At the time of writing, the US Dollar Index (DXY), which measures the Greenback against a […]
Gold slips as risk appetite caps gains despite dovish Fed outlook and soft USD demand
Gold (XAU/USD) comes under renewed selling pressure for a second consecutive day, dropping to a more than one-week low near the $4,858 region ahead of Tuesday’s European session. The metal later rebounds toward $4,900 as traders hold back from aggressive positions and wait for clearer signals about the US Federal Reserve’s rate-cut outlook. Market attention […]
EUR/USD stays weak below the mid-1.1800s, but losses may be limited
The EUR/USD pair faces selling pressure for a second straight day on Tuesday, trading below the mid-1.1800 region during the quiet Asian session. Even so, the overall fundamentals suggest traders should be cautious about expecting a deeper decline. The US Dollar Index (DXY), which measures the US Dollar against major currencies, holds on to its […]
Japanese Yen Strengthens Amid Renewed Government Intervention Signals
The Japanese Yen gained strength after renewed verbal intervention from Tokyo officials. As a result, USD/JPY declined for the fourth consecutive session, trading near 152.90 during Asian market hours. Japan’s Vice Finance Minister for International Affairs, Atsushi Mimura, stated that authorities are closely monitoring currency movements with a high level of urgency. He emphasized that […]
US Nonfarm Payrolls Seen Posting Moderate Job Growth in January
The United States Bureau of Labor Statistics (BLS) is set to publish the delayed January US Nonfarm Payrolls (NFP) report on Wednesday at 13:30 GMT. The employment data is expected to spark renewed volatility in the US Dollar (USD), as market participants look for clearer signals on the Federal Reserve’s next move on interest rates. […]
EUR/USD dips toward 1.1900 as focus shifts to US economic data
The EUR/USD pair edged lower to near 1.1905 during early European trading on Tuesday, ending a two-day advance. Traders remained cautious ahead of key US economic releases, including employment and inflation data that were delayed following the recent four-day government shutdown. White House economic adviser Kevin Hassett said on Monday that US job creation could […]
US Dollar Index stays under pressure near 97.50 as markets wait for key data
The US Dollar Index (DXY), which tracks the US Dollar against a basket of six major currencies, continued to drift lower for a second straight session, hovering around 97.60 during Asian trading on Monday. The greenback remains under pressure as investors stay cautious ahead of important economic releases that were pushed back due to the […]
Gold holds above $5,000 as central bank demand and rate-cut hopes support prices
Gold (XAU/USD) trades firmly above the $5,000 psychological level during Monday’s Asian session, supported by fresh data showing continued buying by the People’s Bank of China (PBOC). Figures released over the weekend confirmed that China’s central bank added to its gold reserves for a fifteenth consecutive month in January. At the same time, expectations that […]
Australian Dollar stays under pressure amid cautious market mood
The Australian Dollar (AUD) extended its losses against the US Dollar (USD) for a third consecutive session on Friday, as broad risk aversion weighed on global markets. The risk-sensitive, commodity-linked AUD came under selling pressure after a sharp decline in global equities, driven largely by a tech-led sell-off and renewed concerns over heavy investment in […]
Gold slips on stronger USD, holds firm below $4,800 amid dovish Fed signals and geopolitical risks
Gold (XAU/USD) comes under notable selling pressure after failing to sustain gains near the $5,100 level overnight, sliding below $4,800 during the Asian session on Thursday. The pullback is largely driven by a firmer US Dollar (USD), which climbs to a two-week high and extends its recovery from a recent four-year low, weighing on the […]
Gold Price from four-week low, reclaims $4,900 as USD softens
Gold (XAU/USD) extends its recovery from the lowest level since January 6, recorded in the previous session, and climbs back above the $4,900 mark during early European trading on Tuesday. A modest pullback in the US Dollar (USD), which retreats from an over one-week high touched on Monday, supports the yellow metal after a sharp […]
Japanese Yen Holds Firm Against USD as Intervention Talk Counters Fiscal Worries
The Japanese Yen (JPY) maintains a modest upside bias against a slightly weaker US Dollar (USD) during Tuesday’s Asian session, supported by renewed speculation over possible joint currency intervention by Japan and the United States. Comments from Japan’s Finance Minister Satsuki Katayama reignited such concerns, while expectations of a more hawkish Bank of Japan (BoJ) […]
Gold extends losses after Fed chair announcement, profit-taking weighs
Gold (XAU/USD) slides to a fresh three-week low below $4,550 during early European trading on Monday, pressured by renewed profit-taking. The precious metal remains on the back foot after hitting record highs last week, as improving political stability in the United States eases demand for safe havens. Confidence rose after Kevin Warsh was named the […]
EUR/USD stays under pressure near 1.1850 as Warsh nomination lifts USD sentiment
The EUR/USD pair remains subdued around the 1.1850 level during late Asian trading on Monday, extending the losses recorded at the end of last week. The pair continues to face downside pressure as the US Dollar (USD) holds firm following the nomination of former Federal Reserve Governor Kevin Warsh as the next Chair, succeeding Jerome […]
WTI slides toward $64.00 on oversupply worries and firmer Dollar, Iran tensions cap downside
West Texas Intermediate (WTI), the US crude oil benchmark, is trading near the $64.00 mark during early European hours on Friday. Prices retreat after reaching their highest level since late September, as rising oversupply concerns weigh on market sentiment. Global crude oil production outpaced consumption throughout 2025, resulting in notable inventory builds that continue to […]