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, […]
GBP/JPY Retreats from YTD High as Japan’s Verbal Intervention Boosts Yen
The British Pound-Japanese Yen (GBP/JPY) currency pair, a significant player in the forex market, is experiencing a notable pullback for the second consecutive day. This retreat, from its yearly high of around 205.30 reached earlier this week. It is a clear indication of the impact of Japan’s verbal intervention. As of Friday, the pair is […]
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 […]
Gold Pulls Back as Geopolitical Risks Ease
During Thursday’s Asian session, gold (XAU/USD) fell, signalling an end to its recent surge that sent prices to new all-time highs of about $4,060. Following reports of a peace deal between Israel and Hamas, the demand for conventional safe-haven assets declined. Following gold’s robust multi-day rise, investors were encouraged to lock in profits by the […]
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, […]
What Are Major Forex Pairs and Why Every Trader Should Master Them
If you’re serious about becoming a confident forex trader, your journey starts with the major forex pairs—the core of the global currency market. These pairs connect the world’s strongest economies and account for more than 80% of total forex trading volume each day. Understanding how major pairs move helps you interpret market sentiment, global economic […]
Crypto Market Goes Down as Traders Take Profits Amid Uncertainty
The crypto market, which dipped slightly a day earlier, slipped further on Wednesday. Popular cryptocurrencies like Cardano (ADA), Ethereum (ETH), Ripple (XRP), Bitcoin (BTC), and several memecoins saw significant price drops. Over $680 million worth of leveraged trades were liquidated across exchanges over the past day, according to data from CoinGlass. Approximately 77% of them […]
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 dips toward 1.1700 amid rising French political uncertainty
The EUR/USD pair extends its decline, trading near 1.1705 during Tuesday’s Asian session, as political turmoil in France weighs on the Euro (EUR). The resignation of newly appointed Prime Minister Sebastien Lecornu and his cabinet on Monday—just hours after the lineup was announced—has shaken investor confidence. Market participants now await Germany’s August Factory Orders and […]
Gold extends record rally above $3,900 amid Fed rate cut bets and US government shutdown
Gold (XAU/USD) continues its powerful ascent, crossing the $3,900 mark during Monday’s Asian session and hitting a fresh record high. The rally is driven by growing expectations of additional interest rate cuts by the US Federal Reserve (Fed) and rising demand for safe-haven assets as the US government shutdown drags on. Meanwhile, Japan’s political shift […]
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 […]
Gold steadies near record highs as dovish Fed outlook weighs on USD
Gold (XAU/USD) is trading sideways in the Asian session on Thursday, consolidating just below the all-time peak reached a day earlier. Market reaction to the partial US government shutdown remains limited, as investors expect minimal economic fallout. This has kept risk sentiment supported and discouraged aggressive safe-haven buying, particularly with gold already in heavily overbought […]
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 […]
Japanese Yen Holds Firm as BoJ’s Hawkish Stance Diverges From Fed Outlook
The Japanese Yen (JPY) trades cautiously during Wednesday’s Asian session, though the absence of strong follow-through selling suggests limited downside for now. Hawkish commentary from the Bank of Japan’s (BoJ) September meeting Summary of Opinions continues to bolster expectations of policy normalization, offering support to the safe-haven JPY. This, coupled with rising geopolitical risks and […]
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 […]