Japanese Yen Vulnerable Against USD, Hovers Near Lowest Levels Since Early August
Japanese Yen Vulnerable Against USD, Hovers Near Lowest Levels Since Early August The Japanese Yen (JPY) continues to struggle, failing to hold onto modest gains from the Asian session against the US Dollar (USD), and remains near its lowest point since early August, touched on Monday. Investors are scaling back their expectations for further interest […]
EUR/USD Holds Below 1.0900, Lowest Since August 8, as USD Strengthens
EUR/USD Holds Below 1.0900, Lowest Since August 8, as USD Strengthens The EUR/USD pair continues its downward slide for the second consecutive day on Tuesday, dipping to the 1.0890 region in the last hour, inching closer to its lowest point since August 8, touched the previous day. However, bearish traders remain cautious, waiting for a […]
WTI Crude Drops Near $74 After China Inflation Data
WTI Crude Drops Near $74 After China Inflation Data West Texas Intermediate (WTI) oil prices extended losses for a second consecutive session on Monday, falling to around $74.10 per barrel during Asian trading hours. The decline of over 1% comes in the wake of weaker-than-expected inflation data from China for September, which was released on […]
Japanese Yen Consolidates Against USD, Hovers Near Lowest Level Since Early August
Japanese Yen Consolidates Against USD, Hovers Near Lowest Level Since Early August The Japanese Yen (JPY) continues its sideways consolidation against the US Dollar (USD), remaining near its lowest level since early August during Monday’s early European session. Comments from Japanese Prime Minister Shigeru Ishiba last week, which were critical of further monetary tightening, have […]
EUR/USD Dips Below 1.0950 Amid Stronger US Dollar
EUR/USD Dips Below 1.0950 Amid Stronger US Dollar The EUR/USD pair continued its decline, dropping to around 1.0920 during early trading in Asia on Monday. This downward movement is driven by risk aversion, fueled by escalating geopolitical tensions in the Middle East and rising conflicts between China and Taiwan, which are pressuring riskier currencies like […]
WTI Holds Steady Around $75, Poised for Second Consecutive Weekly Gain
WTI Holds Steady Around $75, Poised for Second Consecutive Weekly Gain West Texas Intermediate (WTI) crude oil prices remain flat around the $75 per barrel mark during the Asian session on Friday, struggling to build on the previous day’s gains. Despite this pause, WTI is still on track to register its second straight weekly increase. […]
Gold Price Holds Intraday Gains, But USD Strength Limits Upside Ahead of US PPI Data
Gold Price Holds Intraday Gains, But USD Strength Limits Upside Ahead of US PPI Data Gold (XAU/USD) has retreated slightly from a three-day high, trading around the $2,640 level during early European hours on Friday. Despite the dip, the precious metal remains up over 0.40% for the day. A rise in U.S. weekly jobless claims […]
EUR/USD Struggles Below 1.0950 Ahead of Key German Inflation Data
EUR/USD Struggles Below 1.0950 Ahead of Key German Inflation Data The EUR/USD pair continues to trade defensively around 1.0935 during early European hours on Friday. A stronger-than-expected U.S. inflation reading on Thursday has bolstered the U.S. dollar, limiting the pair’s ability to move higher. The U.S. Consumer Price Index (CPI) came in hotter than anticipated, […]
How to Use Forex Technical Analysis to Gain Insights on Market Trends
Forex trading provides opportunities to profit from market fluctuations, but understanding trends and key data is crucial for effective trading. This is where technical analysis becomes essential, as it focuses on price movements and trading volume to uncover patterns and market direction. What Is Technical Analysis? Technical analysis involves studying price movements and volume to […]
Gold Price Recovers from Multi-Week Low, but Upside Potential Remains Limited Ahead of US CPI
Gold Price Recovers from Multi-Week Low, but Upside Potential Remains Limited Ahead of US CPI Gold (XAU/USD) is experiencing a modest rebound on Thursday, recovering from a six-day losing streak that pushed prices to a near three-week low, around the $2,605-$2,604 range. This intraday uptick is likely due to repositioning ahead of the crucial US […]
EUR/USD Hovers Near Two-Month Low, Remains Vulnerable Below Mid-1.0900s Ahead of US CPI
EUR/USD Hovers Near Two-Month Low, Remains Vulnerable Below Mid-1.0900s Ahead of US CPI The EUR/USD pair remains confined to a tight range below the mid-1.0900s during Thursday’s Asian session, consolidating its recent losses after hitting a nearly two-month low the previous day. The U.S. Dollar (USD) is holding firm near its highest level since August […]
US CPI Inflation Data Could Shape Market Expectations for Fed Rate Decisions
US CPI Inflation Data Could Shape Market Expectations for Fed Rate Decisions The U.S. Bureau of Labor Statistics (BLS) is set to release the eagerly awaited Consumer Price Index (CPI) inflation data for September on Thursday at 12:30 GMT. The U.S. Dollar (USD) faces potential volatility, as the report could play a significant role in […]
Japanese Yen Weakens Amid Fading Hopes for BoJ Rate Hikes, FOMC Minutes in Focus
Japanese Yen Weakens Amid Fading Hopes for BoJ Rate Hikes, FOMC Minutes in Focus The Japanese Yen (JPY) continued to drift lower against the US Dollar (USD) on Wednesday, approaching levels last seen in mid-August. Recent economic data from Japan revealed that real wages declined in August after two consecutive months of gains, while household […]
New Zealand Dollar Hits Seven-Week Low After RBNZ Cuts Interest Rate by 50 bps
New Zealand Dollar Hits Seven-Week Low After RBNZ Cuts Interest Rate by 50 bps The New Zealand Dollar (NZD) has dropped to its lowest level since mid-August, following the Reserve Bank of New Zealand’s (RBNZ) decision to cut the Official Cash Rate (OCR) by 50 basis points, lowering it from 5.25% to 4.75% at the […]
USD/CHF Gains Momentum Above 0.8550 Ahead of FOMC Minutes
USD/CHF Gains Momentum Above 0.8550 Ahead of FOMC Minutes The USD/CHF pair is trading higher, hovering around 0.8575 during early European trading on Wednesday. This strength comes from a firmer US Dollar (USD), supported by fading expectations of aggressive rate cuts by the Federal Reserve (Fed). Investors are now focused on the release of the […]
Understanding Pips and Pip Value Calculation in Forex Trading
Pips and lots in forex are like the building blocks of trading. A pip is the tiniest price change in a currency pair, usually the fourth number after the decimal (like 0.0001). So, if EUR/USD moves from 1.2000 to 1.2001, that’s a 1-pip move. Lots, on the other hand, tell you how big your trade […]
WTI Rises Above $76.50 Amid Concerns Over Middle East Oil Production Disruptions
WTI Rises Above $76.50 Amid Concerns Over Middle East Oil Production Disruptions West Texas Intermediate (WTI), the US crude oil benchmark, is trading near $76.85 on Thursday, continuing its upward momentum as geopolitical tensions in the Middle East intensify. Concerns are growing that Israel may launch an attack on Iran’s oil infrastructure, escalating fears of […]
Australian Dollar Slips as China Holds Back on Major Stimulus Measures
Australian Dollar Slips as China Holds Back on Major Stimulus Measures The Australian Dollar (AUD) extended its decline on Tuesday, pressured by comments from the National Development and Reform Commission (NDRC) of China. During a press conference, China’s state planner acknowledged that the country’s economy is facing increasingly complex internal and external challenges. The lack […]