US Dollar Holds Steady Amid Correction, Market Focus Shifts to Key Mid-Tier Data The US Dollar (USD) maintains resilience against major counterparts early Friday after losing momentum on Thursday. European trading hours will center on Germany’s IFO business sentiment surveys,
Japanese Yen Recovery from Multi-Month Low Against USD Shows Limited Bullish Commitment The Japanese Yen (JPY) has gained ground for a second consecutive day, rebounding from a recent multi-month low near 153.20 against the US Dollar (USD) reached earlier this
USD/CAD Nears Two-Month Highs at 1.3850 as Traders Turn Cautious Before US Election The USD/CAD pair holds steady with two consecutive days of gains, trading around 1.3850 in Friday’s Asian session. This level sits close to Thursday’s two-month high of
WTI Oil Rebounds to $71.50 Amid Rising Supply Concerns West Texas Intermediate (WTI) Oil has rebounded from recent losses, trading around $71.60 per barrel during Thursday’s Asian session. This recovery is largely driven by concerns over potential supply disruptions due
Australian Dollar Holds Steady as US Dollar Softens Ahead of PMI Data The Australian Dollar (AUD) strengthened against the US Dollar (USD) on Thursday, supported by the release of domestic Purchasing Managers Index (PMI) data. The AUD/USD pair moved higher
EUR/USD Rebounds from Multi-Month Low, Eyes 1.0800 Ahead of Flash PMIs The EUR/USD pair is showing signs of recovery during Thursday’s Asian session, breaking a three-day losing streak that saw it hit its lowest level since early July, near the
Australian Dollar Faces Downward Pressure Amid Risk-Off Sentiment The Australian Dollar (AUD) struggled to maintain its previous gains on Wednesday, as the AUD/USD pair came under pressure from a stronger US Dollar (USD) driven by rising US Treasury yields. The
Japanese Yen Weakens Below 152.00 Against USD, Hits Fresh Three-Month Low The Japanese Yen (JPY) extended its losing streak against the US Dollar (USD) for a third consecutive day, pushing the USD/JPY pair above the 152.00 level for the first
GBP/USD Tests 1.3000, Faces Challenges Amid BoE Dovish Outlook The GBP/USD pair moved closer to the 1.3000 mark during Wednesday’s Asian session, though the British Pound (GBP) encountered resistance due to weaker UK economic data. Falling consumer and producer inflation,
WTI Struggles Below $70 Amid Demand Concerns and USD Strength West Texas Intermediate (WTI) crude oil prices are hovering just below the $70.00 mark during Tuesday’s Asian session, remaining in a tight range around $69.70-$69.75. The commodity has struggled to
Australian Dollar Supported by Hawkish RBA Outlook, But Faces Pressure from Rising US Treasury Yields The Australian Dollar (AUD) regained some of its recent losses against the US Dollar (USD) on Tuesday, buoyed by a hawkish stance from the Reserve
EUR/USD Oscillates Above 1.0800, Bearish Risks Remain The EUR/USD pair is currently in a bearish consolidation phase during Tuesday’s Asian session, fluctuating around the 1.0820 mark, just above its lowest level since early August, which was reached the day before.