EUR/USD Holds Above 1.0400 Ahead of Q4 GDP Data and ECB Policy Decision
The EUR/USD pair is edging higher after three consecutive losses, trading near 1.0420 during Thursday’s Asian session. The rebound is primarily driven by a technical pullback in the US Dollar (USD). Meanwhile, the US Dollar Index (DXY), which tracks the greenback against six major currencies, remains just below 108.00. Despite the recent uptick, further gains […]
Australian Dollar Slides Amid Rising Odds of RBA Rate Cuts, Fed Decision in Focus
The Australian Dollar (AUD) extends its losing streak for a third consecutive session against the US Dollar (USD), weighed down by softer-than-expected inflation data from Australia. Australia’s Consumer Price Index (CPI) rose by 0.2% quarter-on-quarter in Q4 2024, matching the previous quarter but missing the expected 0.3%. On an annual basis, CPI eased to 2.4% […]
EUR/USD Edges Higher Toward 1.0450, Upside Limited Amid Risk-Off Sentiment
EUR/USD pauses its two-day decline, trading near 1.0440 during Wednesday’s Asian session. However, upside potential remains capped as risk-off sentiment prevails ahead of the Federal Reserve’s (Fed) interest rate decision later in the North American session. The US Dollar (USD) remains supported by the Fed’s cautious policy stance. According to the CME FedWatch tool, markets […]
GBP/USD Slips Below 1.2500 Amid Dovish BoE Expectations and Trump’s Tariff Plans
The GBP/USD pair reverses its three-day rally, trading near 1.2440 during Tuesday’s Asian session. The British Pound (GBP) faces mounting pressure as markets anticipate a likely rate cut by the Bank of England (BoE) to 4.5% at its next meeting. Key Drivers Behind GBP Weakness Weaker UK Economic Data: Recent economic indicators from the United […]
Gold Price Consolidates Below $2,750 Amid Mixed Market Signals
Gold prices (XAU/USD) continue to trade within a narrow range near the $2,740 level during early European trading on Tuesday. The market remains influenced by conflicting factors, leaving traders hesitant to make strong directional moves. US President Donald Trump’s renewed trade tariff threats have sparked inflationary concerns, driving a modest rebound in US Treasury bond […]
US Dollar Surges as Trump Revives Tariff Threats
The US dollar strengthened significantly against all major currencies after President Donald Trump and his Treasury Secretary reignited concerns about potential tariffs, raising fears that trade policies may return to the forefront. Risk-sensitive currencies, particularly those tied to China, saw sharp declines, while the euro weakened amid speculation that the European Union could soon face […]
Gold Price Retreats from Multi-Month High Amid USD Recovery
Gold price (XAU/USD) faces selling pressure at the beginning of the week, pulling back from its highest level since late October, near the $2,786 mark touched on Friday. The US Dollar (USD) has staged a modest recovery following its worst weekly performance since November 2023, which has weighed on the precious metal. However, the broader […]
EUR/USD Dips Below 1.0500 as US Dollar Index Rebounds from Monthly Lows
EUR/USD slid to approximately 1.0480 during the Asian session on Monday as the US Dollar Index (DXY) recovered from its monthly low of 107.22, recorded last Friday. At the time of writing, the DXY is trading near 107.60. The US Dollar gained traction after the release of mixed US Purchasing Managers’ Index (PMI) data. Market […]
EUR/USD Gains Support Around 1.0450 Ahead of Eurozone and US PMI Data
The EUR/USD pair found support near 1.0450 during the early Asian session on Friday, driven by weakness in the US Dollar (USD). Investors are now focusing on the preliminary January readings of the HCOB Purchasing Managers Index (PMI) for the Eurozone and Germany, set to be released later in the day. On the US front, […]
Gold Price Remains Defensive Below Multi-Month High Amid Risk-On Sentiment
Gold price (XAU/USD) came under selling pressure during the Asian session on Thursday, retreating from the multi-month high of $2,763–$2,764 touched the previous day. This decline halts a three-day winning streak. The US Dollar (USD) gained some strength from its recovery off a monthly low, supported by a rebound in US Treasury bond yields, and […]
US Data and Trump Drive Sentiment in the FX Market
The US Dollar Index (DXY) managed to recover some ground, though a breakout above the 108.00 level remains out of reach for now. Weekly Initial Jobless Claims take the spotlight alongside the EIA’s report on US crude oil inventories, providing key cues for market sentiment. The EUR/USD rally lost steam after reaching multi-week highs above […]
USD/JPY Climbs Toward 156.00 as Japanese Yen Maintains Intraday Weakness
The Japanese Yen (JPY) weakens broadly during Wednesday’s Asian trading session, allowing the USD/JPY pair to extend its recovery from over a one-month low. A risk-on sentiment, reflected in positive equity market performance, undermines the safe-haven JPY. Additionally, a modest uptick in US Treasury bond yields supports the US Dollar (USD), further pressuring the lower-yielding […]
EUR/USD Edges Lower Near 1.0400 Amid Trump’s Tariff Threats
The EUR/USD pair dipped slightly to around 1.0415 during Wednesday’s Asian trading session, with the Euro (EUR) under pressure against the US Dollar (USD). This decline follows US President Donald Trump’s announcement of potential tariffs on the European Union (EU). Traders now await a speech from European Central Bank (ECB) President Christine Lagarde later today […]
Japanese Yen Trims Intraday Gains Against USD; Bullish Momentum Persists
The Japanese Yen (JPY) holds its ground against the US Dollar (USD) in the European session, trading just below the one-month high reached earlier on Tuesday. Renewed fears of a global trade war, sparked by US President Donald Trump’s tariff comments, coupled with expectations of a Bank of Japan (BoJ) interest rate hike later this […]
Japanese Yen Weakens Below 150.00 Against USD Amid Mixed Economic Signals
The Japanese Yen (JPY) continues to lose ground during Tuesday’s Asian session, with the USD/JPY pair climbing above the critical 150.00 psychological level. A combination of modest US Dollar (USD) strength and market dynamics is driving this movement, although speculation surrounding a potential interest rate hike by the Bank of Japan (BoJ) in December is […]
EUR/USD Drops Below 1.0500 Amid French Government Crisis
The EUR/USD pair slipped to approximately 1.0490 during the early European session……
WTI Crude Oil Prices Dip Below $68.50 Amid Stronger USD and Anticipation of OPEC+ Meeting
West Texas Intermediate (WTI) crude oil is trading near $68.25 on Monday, pressured by a strengthening US Dollar (USD) and ongoing market uncertainty. A firmer USD, which makes USD-denominated commodities like oil more expensive for holders of other currencies, weighs heavily on crude prices. Key Factors Impacting WTI Prices Stronger USD and Federal Reserve Outlook: […]
Gold Price Falls Amid Renewed USD Strength, Rising US Bond Yields
Gold Price Falls Amid Renewed USD Strength, Rising US Bond Yields Gold prices opened the week under heavy selling pressure, dropping to the $2,623-$2,622 range during the Asian session. This decline halts a four-day winning streak as the US Dollar (USD) gains momentum, supported by rising US Treasury bond yields. Expectations that US President-elect Donald […]