GBP/USD Remains Below 1.3400 as Uk Borrowing Rises More Than Expected
Wednesday saw GBP/USD struggle, hovering near 1.3380 as Asian markets opened. Clearly investors were hesitant, awaiting crucial UK inflation figures—September’s CPI alongside the RPI. The British pound dipped when figures revealed the UK government took on an additional £7.2 billion in debt during the first six months of the financial year. Overall borrowing hit £99.8 […]
EUR/USD Strengthens Above 1.1600 as Fed Signals Possible Rate Cuts
The EUR/USD pair climbed to around 1.1620 during Wednesday’s Asian session, as the US Dollar (USD) softened following comments from Federal Reserve Chair Jerome Powell. Powell suggested that the Fed could cut interest rates twice more this year, citing slower hiring as a growing risk to the US economy. These dovish remarks have pushed traders […]
Australian Dollar Strengthens as Markets Expect Fed Cuts
The Australian Dollar (AUD) gained ground against the US Dollar (USD) on Wednesday, recovering from earlier losses as traders reacted to key comments from both the Reserve Bank of Australia (RBA) and the US Federal Reserve (Fed). The Aussie drew support after RBA Assistant Governor Sarah Hunter noted that recent data has been stronger than […]
Gold Hits Fresh Record High as Safe-Haven Demand Soars
Gold (XAU/USD) continued its unstoppable rally on Tuesday, climbing above the $4,100 mark and setting another all-time high. The metal remains strongly supported by renewed US-China trade tensions, ongoing geopolitical risks, and growing expectations of more Federal Reserve rate cuts—all factors that boost safe-haven demand. The recent US government shutdown and uncertainty around trade tariffs […]
Forex Update: Aussie Dollar Falls Despite Steady RBA Tone
The Australian Dollar (AUD) weakened slightly against the US Dollar (USD) on Tuesday as forex traders reacted to the Reserve Bank of Australia’s (RBA) September meeting minutes. The RBA maintained a cautious tone, noting that interest rates remain somewhat restrictive, though it’s hard to judge exactly how much. The RBA warned of continued economic risks, […]
Japanese Yen Slides Amid Political Unrest and Global Risk Rally
The Japanese Yen is trading lower against the US Dollar as political uncertainty and global risk-taking weigh on the currency. On Monday, the Yen weakened, with the USD/JPY rate rising to 151.87—showing a steady downtrend of about 3% over the past month. Market watchers note that political turmoil in Japan, especially after the Komeito party […]
Gold Holds Below $4,000 but Downside Looks Limited
Gold (XAU/USD) is trading under pressure, staying below the key $4,000 level during Friday’s Asian session. The precious metal has faced mild selling for a second straight day, but further losses seem limited as market factors continue to favor safe-haven assets. The US Dollar has eased slightly after reaching a two-month high, giving some relief […]
Pound Steadies Above 1.3300 on Bank of England’s Careful Policy Approach
The GBP/USD pair is holding steady above the 1.3300 psychological level, trading near 1.3310 in Friday’s Asian session. After three days of small losses, the Pound Sterling (GBP) is regaining support, helped by the Bank of England’s (BoE) firm and careful approach to monetary policy. The BoE continues to focus on bringing down stubborn inflation, […]
Japanese Yen Holds Modest Gains amid BoJ Policy Uncertainty
The Japanese yen (JPY) recovered marginally from its recent seven-month low versus the US dollar (USD) on Thursday during the Asian session. However, given the growing uncertainty surrounding Japan’s fiscal and monetary outlook, the move lacked strong bullish conviction. As Japan’s first female prime minister, Sanae Takaichi is predicted to oppose the Bank of Japan’s […]
EUR/USD Goes up as US Dollar Weakens During Government Shutdown
After dropping for three days, the EUR/USD pair showed signs of recovery on Thursday, rising to about 1.1650 in the Asian session. The increase in the value of the Euro coincided with a decline in the US dollar as a result of the ongoing, more than week-long US government shutdown. A number of government agencies, […]
Australian Dollar Falls Due to Weak Housing Data and Strong US Dollar
Following weak housing data, the Australian dollar (AUD) continued to decline against the US dollar (USD) on Wednesday, continuing its losses for the second straight session. The AUD/USD pair declined as investor sentiment intensified, with the S&P/ASX 200 index edging down 0.14% to trade below 8,950. It occurred due to declines in technology and gold […]
Japanese Yen extends weakness as policy outlook favors fiscal easing and delayed BoJ tightening
The Japanese Yen (JPY) continues to trade with a bearish tone against a mildly stronger US Dollar (USD), hovering near its lowest level since early August during Tuesday’s Asian session. The unexpected outcome of Japan’s leadership contest has set the stage for more expansionary fiscal policies, complicating the Bank of Japan’s (BoJ) efforts to normalize […]
EUR/USD stays weak near 1.1700 but downside limited by Fed rate cut hopes
EUR/USD is trading around 1.1720 during Monday’s Asian session, giving back some of last session’s gains. However, the downside seems restricted as the US Dollar (USD) faces pressure amid rising expectations of Federal Reserve (Fed) rate cuts. According to the CME FedWatch Tool, markets now price in a 95% chance of a rate cut in […]
Australian Dollar steadies as traders await US PMI data, 0.6600 in focus
The Australian Dollar (AUD) holds near 0.6590 against the US Dollar (USD) on Friday, consolidating after recent losses. The pair remains steady following the release of Australia’s latest economic data, with traders cautious ahead of key US PMI figures. Australia’s September Composite PMI fell to 52.4 from 55.5 in August, marking a full year of […]
GBP/USD extends gains above 1.3430 as US shutdown weighs on Dollar
The GBP/USD pair advances modestly to around 1.3435 during Friday’s Asian session, supported by weakness in the US Dollar (USD). The Greenback comes under pressure as signs of a slowing US labor market emerge and the federal government enters a shutdown. Notably, the September Nonfarm Payrolls (NFP) report will not be released due to the […]
NZD/USD holds firm near one-week high as USD weakens
The NZD/USD pair found support near the 0.5800 level during the Asian session on Thursday, attracting fresh buying interest and extending its winning streak to a fifth straight day. The pair is currently trading around 0.5825–0.5830, just shy of its weekly peak, as it builds on the rebound from last week’s lows—the weakest since April […]
GBP/USD Advances Above 1.3450 Amid Rising Fed Rate Cut Expectations
GBP/USD extends its rally for the fourth straight session, trading near 1.3460 during Wednesday’s Asian session. The pair remains supported as the US Dollar (USD) weakens on the back of soft labor market data, which has heightened expectations of Federal Reserve (Fed) rate cuts. According to the CME FedWatch Tool, markets are now pricing in […]
Gold Buying Momentum Unstoppable as Geopolitical Risks and Fed Easing Bets Fuel Rally
Gold (XAU/USD) extended its winning streak for a fourth straight session on Tuesday, hitting fresh record highs above $3,870 during Asian trading. The safe-haven metal remains strongly bid as geopolitical tensions intensify and expectations of further US Federal Reserve rate cuts keep investors flocking to bullion. Safe-Haven Demand Drives Gold Higher Mounting geopolitical risks continue […]