Gold Slides Below $3,380 as Trade Optimism Dampens Safe-Haven Demand; Weaker USD Cushions Decline
Gold (XAU/USD) continues to face selling pressure for a second straight session on Thursday, falling below the $3,380 mark during the Asian trading hours. The pullback is largely attributed to a decline in safe-haven demand as optimism grows around global trade developments. Markets are responding positively to news of a finalized trade agreement between the […]
EUR/USD Climbs Above 1.1750 Ahead of ECB Rate Decision
The EUR/USD pair continued its upward momentum on Thursday, rising toward 1.1775 in early European trading. The Euro gained strength against the US Dollar amid growing optimism over a potential trade agreement between the European Union (EU) and the United States (US). Hopes are rising that both sides may reach a deal that includes a […]
Australian Dollar Gains Ground Amid Trade Optimism and Risk-On Sentiment
The Australian Dollar (AUD) extended its winning streak for a fourth straight session on Wednesday, rising above 0.6550 against the US Dollar (USD) as improved market sentiment and trade optimism continue to support risk assets. The AUD/USD pair is trading near 0.6560 in early Asia, driven by positive geopolitical developments and easing concerns over global […]
WTI Drops Below $65.50 as Demand Fears Weigh on Oil Markets
West Texas Intermediate (WTI) crude slipped to around $65.40 during early Asian trading on Wednesday, as renewed concerns over global oil demand and trade tensions put pressure on prices. The latest decline comes amid mounting anxiety over US President Trump’s tariff strategy, which investors fear could dampen global economic growth and reduce fuel consumption. Markets […]
GBP/USD Climbs Above 1.3500 Amid Risk-On Sentiment and Weaker Dollar Outlook
The GBP/USD pair continued its upward momentum on Wednesday, rising toward 1.3525 during the early European trading hours. A positive risk appetite in global markets is fueling demand for risk-sensitive currencies like the British Pound, helping it strengthen against the US Dollar. Investor focus is now shifting to Thursday’s release of the UK’s preliminary PMI […]
Gold Hovers Below $3,400 as Trade Tensions and Fed Drama Fuel Uncertainty
Gold (XAU/USD) slipped slightly on Tuesday after posting gains over the past two sessions. Despite the pullback, the precious metal remains supported by heightened geopolitical and monetary concerns, particularly as markets brace for the looming August 1 tariff deadline set by US President Donald Trump. The spotlight remains on the ongoing trade talks between the […]
EUR/USD Steady Near 1.1700 as US-EU Trade Tensions Intensify
The EUR/USD pair is holding firm around the 1.1700 level during Tuesday’s Asian session, extending the gains made on Monday. The euro continues to benefit from a pullback in the US Dollar (USD), which weakened following renewed trade tensions between the United States and the European Union. The US Dollar Index (DXY), which measures the […]
Japanese Yen Struggles as Election Results Dampen BoJ Rate Hike Outlook
The Japanese Yen (JPY) opened the week with fresh selling pressure, giving up early gains despite a bullish gap in Monday’s Asian session. The currency remains weighed down by domestic political uncertainty following Sunday’s upper house election, which dealt a significant setback to the ruling coalition. The loss raised fears of fiscal slippage, with opposition […]
GBP/USD Forecast: Pair Holds Above 1.3400 Despite Lingering Bearish Sentiment
The GBP/USD pair is trading slightly higher for the second consecutive session, hovering near 1.3420 during Monday’s Asian session. However, the overall outlook remains bearish, with technical indicators on the daily chart showing the pair still confined within a descending channel. The 14-day Relative Strength Index (RSI) remains below the neutral 50 mark, reinforcing the […]
Ishiba’s Tariff Misstep and Japan’s Political Uncertainty
Shigeru Ishiba’s rise to power felt more like a sentiment-driven market surge than a carefully calculated political ascent. Thrust into Japan’s leadership amid internal party turmoil, his tenure quickly drew comparisons to a speculative rally — exciting at first, but ultimately lacking staying power. Now, as the upper house election approaches, Ishiba faces a defining […]
EUR/USD Breaks Above 1.1600 as Dovish Fed Comments Ease Risk Aversion
The EUR/USD pair rebounded sharply on Friday during the Asian session, climbing above the 1.1600 mark to trade around 1.1630. The recovery follows a decline in the previous session and comes amid a softer US Dollar (USD) driven by easing risk sentiment and dovish commentary from several Federal Reserve (Fed) officials. San Francisco Fed President […]
Gold Price Stuck in Tight Range as Traders Weigh Mixed Fed Signals and Trump Trade Uncertainty
Gold (XAU/USD) is trading sideways in a narrow range on Friday during the Asian session, unable to build on Thursday’s rebound from near $2,309—a one-week low. The US Dollar has pulled back slightly from its recent highs, following dovish comments from Federal Reserve Governor Christopher Waller, offering mild support to the yellow metal. However, concerns […]
EUR/USD Slips Toward Multi-Week Lows Amid Powell-Trump Tensions and Market Caution
The EUR/USD pair came under renewed pressure on Thursday, nearing its lowest levels in nearly three weeks as market sentiment turned risk-averse following heightened political drama between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell. As of writing, the pair is trading around 1.1575, testing the lower boundary of the bearish channel that […]
WTI Crude Holds Below $65.50 Despite Signs of Improving Demand
West Texas Intermediate (WTI) crude oil extended its losing streak for the fourth consecutive session on Thursday, trading near $65.30 during European market hours. While recent data suggests improving demand, prices have yet to rebound significantly. Support came from positive economic signals. The Federal Reserve’s latest Beige Book reported a slight uptick in overall business […]
WTI Crude Falls Below $66 Amid Rising Supply Fears and Tariff Tensions
West Texas Intermediate (WTI) crude oil slipped to around $65.75 during early Asian trading on Friday, pressured by mounting concerns over rising supply, unexpected inventory builds in the U.S., and renewed tariff threats. Crude prices came under pressure after OPEC+ agreed on July 6 to boost collective production by 548,000 barrels per day (bpd) starting […]
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Australian Dollar Holds Firm Amid RBA Hawkishness and Global Tariff Uncertainty
The Australian Dollar (AUD) extended its gains for the third consecutive session on Thursday, supported by lingering inflation concerns and policy clarity from the Reserve Bank of Australia (RBA). The AUD/USD pair traded around 0.6540, benefiting from a softer US Dollar and positive technical signals. RBA Surprises Markets With Hawkish Hold The RBA’s unexpected decision […]