EUR/USD Slips Below 1.0550 Amid Awaited ECB Lagarde Speech and US PMI Data
EUR/USD Slips Below 1.0550 Amid Awaited ECB Lagarde Speech and US PMI Data The EUR/USD pair extended its decline to around 1.0530 during early Asian trading on Monday, pressured by a strengthening US Dollar (USD). Traders are focusing on key events scheduled for later in the day, including European Central Bank (ECB) President Christine Lagarde’s […]
Australian Dollar Strengthens on Hawkish RBA Comments; Risks Remain Amid US-China Tensions
Australian Dollar Strengthens on Hawkish RBA Comments; Risks Remain Amid US-China Tensions The Australian Dollar (AUD) extended its rally for a third consecutive session on Friday, buoyed by hawkish remarks from Reserve Bank of Australia (RBA) Governor Michele Bullock. However, the AUD/USD pair may encounter headwinds as the United States prepares to introduce new measures […]
USD/CHF Slips Toward 0.8800 as Swiss Q3 GDP Report Awaits
USD/CHF Slips Toward 0.8800 as Swiss Q3 GDP Report Awaits The USD/CHF pair is trading lower around 0.8815 in early European trading on Friday, pressured by broad-based weakness in the US Dollar (USD). Market participants are focused on Switzerland’s Gross Domestic Product (GDP) data for the third quarter (Q3), set to be released later in […]
Japanese Yen Weakens Amid Rebounding US Yields and Modest USD Recovery
Japanese Yen Weakens Amid Rebounding US Yields and Modest USD Recovery The Japanese Yen (JPY) softened on Thursday, with renewed demand for the US Dollar (USD) pushing the USD/JPY pair above mid-151.00 during the Asian session, recovering from a five-week low hit earlier. Robust US economic data released on Wednesday, indicating resilience and limited inflation […]
Gold Price Holds Modest Gains as Traders Await US PCE Inflation Data
Gold Price Holds Modest Gains as Traders Await US PCE Inflation Data Gold (XAU/USD) maintains its positive momentum, extending gains for the second consecutive day on Wednesday. After rebounding from a one-week low near $2,600, the precious metal climbed to a two-day high around $2,645 during the early European session. Persistent geopolitical tensions, including the […]
GBP/USD Rises Above 1.2550 Ahead of US Core PCE Inflation Data
GBP/USD Rises Above 1.2550 Ahead of US Core PCE Inflation Data The GBP/USD pair strengthens, trading near 1.2570 during Wednesday’s early European session. Despite market jitters stemming from US tariff announcements by President-elect Donald Trump, the Pound Sterling (GBP) consolidates gains. Investors are now eyeing the release of the US October Core Personal Consumption Expenditures […]
Australian Dollar Holds Steady After Initial Gains Amid Stable US Dollar
Australian Dollar Holds Steady After Initial Gains Amid Stable US Dollar The Australian Dollar (AUD) maintained a steady position on Monday after paring earlier gains as the US Dollar (USD) continued to undergo a corrective pullback. The USD’s downward trajectory was partly driven by optimism in bond markets following President-elect Donald Trump’s nomination of Scott […]
Australian Dollar Weakens as US Dollar Rises Ahead of PMI Data
Australian Dollar Weakens as US Dollar Rises Ahead of PMI Data The Australian Dollar (AUD) softened against the US Dollar (USD) on Friday, impacted by mixed Judo Bank PMI results from Australia. Despite this, a hawkish tone from the Reserve Bank of Australia (RBA) on future rate decisions lent some underlying support to the AUD. […]
USD/CHF Slips Near 0.8850 Ahead of Key US PMI Data
USD/CHF Slips Near 0.8850 Ahead of Key US PMI Data The USD/CHF pair is trading with modest losses around 0.8860 during early European hours on Friday. Concerns about a potential escalation in the Russia-Ukraine conflict have bolstered safe-haven demand, strengthening the Swiss Franc (CHF) against the US Dollar (USD). Market participants now await the release […]
Japanese Yen Firm Near Daily High Against USD, Awaits Signals from BoJ Governor Ueda
Japanese Yen Firm Near Daily High Against USD, Awaits Signals from BoJ Governor Ueda The Japanese Yen (JPY) holds its modest gains against the US Dollar (USD), with the USD/JPY pair trading near the 155.00 mark during Thursday’s Asian session. Intervention fears and geopolitical uncertainties, coupled with speculation about potential monetary policy tightening by the […]
Gold Price Pulls Back Amid Strengthening US Dollar
Gold Price Pulls Back Amid Strengthening US Dollar Gold price (XAU/USD) retreats from a one-and-a-half-week high reached during the Asian session, trading near the $2,635–$2,636 range. Despite this pullback, gold remains on track for a third consecutive day of gains as geopolitical tensions and cautious market sentiment support demand for the safe-haven asset. However, a […]
EUR/USD Hovers Near 1.0600 as US Dollar Retreats on Profit-Taking
EUR/USD Hovers Near 1.0600 as US Dollar Retreats on Profit-Taking The EUR/USD pair remains steady with a positive bias around the 1.0600 mark during Tuesday’s Asian session. The pair’s upward momentum appears supported by a softer US Dollar (USD), which is undergoing profit-taking after its recent rally. Despite the USD’s pullback, its downside remains limited […]
Australian Dollar Holds Steady as RBA Minutes Highlight Need for Restrictive Policy
Australian Dollar Holds Steady as RBA Minutes Highlight Need for Restrictive Policy The Australian Dollar (AUD) remained stable against the US Dollar (USD) after the release of the Reserve Bank of Australia’s (RBA) November Meeting Minutes on Tuesday. The minutes underscored the board’s cautious stance on inflation, emphasizing the continued need for restrictive monetary policy […]
EUR/USD Holds Steady Ahead of ECB Lagarde’s Speech
EUR/USD Holds Steady Ahead of ECB Lagarde’s Speech The EUR/USD pair remains stable, trading slightly above the psychological support level of 1.0500 at the start of the week. The currency pair consolidates as the US Dollar (USD) rally pauses after hitting a fresh annual high. The US Dollar Index (DXY), which measures the Greenback against […]
WTI Holds Steady Near $68.50 Amid US Dollar Strength
WTI Holds Steady Near $68.50 Amid US Dollar Strength West Texas Intermediate (WTI), the benchmark for US crude oil, trades near $68.40 on Friday, maintaining stability as a sharp drop in US gasoline inventories counterbalances concerns about an oversupply. According to the latest report from the Energy Information Administration (EIA), US crude stocks rose by […]
EUR/USD Nears 1.0550 After Rebounding from Yearly Lows
EUR/USD Nears 1.0550 After Rebounding from Yearly Lows The EUR/USD pair has broken its five-day losing streak, trading close to 1.0540 during the Asian session on Friday. This recovery appears to stem from a pullback in the US Dollar (USD) following recent remarks by Federal Reserve Chair Jerome Powell. Powell noted that the US economy […]
Japanese Yen Stays on Defensive, Hovering Near 156.00 Against the US Dollar
Japanese Yen Stays on Defensive, Hovering Near 156.00 Against the US Dollar The Japanese Yen (JPY) continues to weaken against the US Dollar (USD), marking its fourth consecutive day of losses on Thursday, as it dips below the 156.00 level for the first time since July. Despite a notable increase in Japan’s Producer Price Index […]
Australian Dollar Struggles as US Dollar Strengthens Ahead of US PPI Release
Australian Dollar Struggles as US Dollar Strengthens Ahead of US PPI Release The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) following Thursday’s economic data releases. Australia’s Consumer Inflation Expectations fell to 3.8% in November, down from 4.0% in October, marking the lowest level since October 2021. Australia’s Unemployment Rate, seasonally adjusted, […]