EUR/GBP Steady Below 0.8350 Ahead of German CPI Data
EUR/GBP Steady Below 0.8350 Ahead of German CPI Data The EUR/GBP pair remains stable near 0.8330 during Thursday’s early European trading session. A cautious outlook and diminishing expectations for a Bank of England (BoE) rate cut in December lend support to the Pound Sterling (GBP), exerting slight downward pressure on the cross. BoE officials continue […]
US Core PCE Inflation Likely to Hold Steady, Casting Doubt on Additional Fed Rate Cuts
US Core PCE Inflation Likely to Hold Steady, Casting Doubt on Additional Fed Rate Cuts The Bureau of Economic Analysis (BEA) is set to release October’s Personal Consumption Expenditures (PCE) Price Index on Wednesday at 13:30 GMT. As the Federal Reserve’s (Fed) preferred inflation gauge, this data will provide insights into the trajectory of 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 […]
Gold Prices Drop Amid Risk-On Sentiment, Hold Above $2,650 Level
Gold Prices Drop Amid Risk-On Sentiment, Hold Above $2,650 Level Gold price (XAU/USD) saw a sharp intraday decline on Monday after briefly touching a nearly three-week high around the $2,721-$2,722 level. This drop ended the metal’s five-day winning streak, driven by a shift in market sentiment toward risk-on assets. The decline in gold prices coincided […]
EUR/USD Faces Resistance Around 1.0500 After Recovery from Two-Year Lows
EUR/USD Faces Resistance Around 1.0500 After Recovery from Two-Year Lows The EUR/USD pair has rebounded from its two-year low of 1.0332 recorded last Friday, trading near 1.0480 during Monday’s Asian session. This recovery is largely attributed to a correction in the US Dollar (USD), even as strong preliminary S&P Global US Purchasing Managers’ Index (PMI) […]
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How to Set Effective Goals for Your Forex Trading Journey Entering the world of Forex trading opens doors to the dynamic global exchange of national currencies. As the largest and most liquid asset market in the world, Forex trading offers immense opportunities for growth. However, success in this field doesn’t rely on luck—it requires strategy, […]
WTI Rebounds Above $70 Amid Escalating Russia-Ukraine Tensions
WTI Rebounds Above $70 Amid Escalating Russia-Ukraine Tensions West Texas Intermediate (WTI), the US benchmark for crude oil, is trading around $70.25 on Friday, recovering slightly as heightened fears of supply disruptions stemming from the Russia-Ukraine conflict bolster prices. Geopolitical Developments Drive Oil Prices Higher Rising tensions in Eastern Europe have been a key driver […]
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 […]
WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build
WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build West Texas Intermediate (WTI), the US benchmark for crude oil, is trading near $68.95 during Thursday’s session, maintaining a steady stance amid conflicting market drivers. A modest build in US crude inventories and weak Chinese demand weigh on prices, while […]
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 […]
EUR/USD Nears 1.0550 but Faces Pressure Amid Safe-Haven Demand
EUR/USD Nears 1.0550 but Faces Pressure Amid Safe-Haven Demand The EUR/USD pair has edged higher, trading around 1.0550 during Thursday’s Asian session, following losses in the previous session. However, upside momentum remains limited as safe-haven flows gain strength due to escalating geopolitical tensions between Russia and Ukraine. According to Reuters, Ukraine deployed British Storm Shadow […]
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UK CPI Expected to Accelerate in October, Reducing Odds of Further BoE Rate Cuts
UK CPI Expected to Accelerate in October, Reducing Odds of Further BoE Rate Cuts The Office for National Statistics (ONS) will release the United Kingdom’s Consumer Price Index (CPI) data for October on Wednesday at 07:00 GMT. This inflation report is pivotal for determining the Bank of England’s (BoE) future interest rate policy and could […]
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 […]
USD/CAD Holds Near One-Week Low, Trades Range-Bound Above Mid-1.3900s
USD/CAD Holds Near One-Week Low, Trades Range-Bound Above Mid-1.3900s The USD/CAD pair has found support near the mid-1.3900s, marking a one-week low during Wednesday’s Asian session. However, the pair struggles to gain upward momentum, pausing this week’s pullback from its highest level since May 2020. Mixed fundamental signals keep bullish traders cautious. Canadian Inflation and […]