EUR/USD Eases Near 1.0300 Ahead of Lagarde’s Speech
The EUR/USD pair edges lower to approximately 1.0310 during the Asian session on Monday, weighed down by a stronger US Dollar (USD). Market participants are focused on the upcoming Eurozone Sentix Investor Confidence data for February and a speech by European Central Bank (ECB) President Christine Lagarde later in the day. On Friday, former US […]
NZD/USD gains ground to near 0.5700 on weaker US PMI data
During the early Asian session on Thursday, the NZD/USD pair was trading slightly higher at 0.5690. The Greenback falls against the New Zealand Dollar (NZD) as US economic data disappoints. Investors will keenly monitor developments in the rekindled trade battle between the United States and China, the world’s two largest economies. The weaker US Services […]
Gold Price Bulls Hold Firm, But Overbought Conditions Suggest Caution
Gold (XAU/USD) continues its upward trajectory through the Asian session on Wednesday, reaching a fresh all-time high near $2,858. Concerns about the economic impact of US President Donald Trump’s trade tariffs continue to drive demand for the safe-haven metal. Furthermore, predictions that the Federal Reserve (Fed) would continue its easing cycle, backed by signs of […]
WTI Crude Oil Struggles Near $72.00, 100-Day SMA Holds as Key Support
West Texas Intermediate (WTI) crude oil prices fell from a one-week high on Tuesday, attracting sellers for the second straight session. The commodity trades at $72.00, barely above last week’s one-month low and close to the important 100-day Simple Moving Average (SMA) support. US Tariff Delay Weighs on Oil Prices US President Donald Trump has […]
GBP/USD Holds Above 1.2400 as Markets Watch China Tariff Developments
GBP/USD extends its gains for a second consecutive session, trading around 1.2430 during Asian market hours on Tuesday. With the decision by U.S. President Donald Trump to pause tariffs on Mexico and Canada , the pair benefits from a risk-on sentiment . Despite this, investors continue to pay close attention to ongoing […]
Gold Price Trims Intraday Losses but Remains Below $2,800 Amid Stronger USD
The gold price (XAU/USD) recovers some of its losses following the strong Asian session sell-off but remains in negative territory, hovering around $2,785, down about 0.60% for the day. The recent rise in the US Dollar (USD), fueled by President Donald Trump’s decision to impose tariffs on Canada, Mexico, and China, has pushed the greenback […]
Japanese Yen Maintains Strong Bullish Momentum; USD/JPY Struggles Below 154.50
The Japanese Yen (JPY) continues to strengthen in early European trading on Thursday, pushing USD/JPY further below 154.50 and closer to its one-month low from earlier this week. Market expectations that the Bank of Japan (BoJ) will hike interest rates again by year-end continue to support the JPY. Additionally, a fresh decline in US Treasury […]
Australian Dollar Slides Amid Rising Odds of RBA Rate Cuts, Fed Decision in Focus
The Australian Dollar (AUD) extends its losing streak for a third consecutive session against the US Dollar (USD), weighed down by softer-than-expected inflation data from Australia. Australia’s Consumer Price Index (CPI) rose by 0.2% quarter-on-quarter in Q4 2024, matching the previous quarter but missing the expected 0.3%. On an annual basis, CPI eased to 2.4% […]
EUR/USD Edges Higher Toward 1.0450, Upside Limited Amid Risk-Off Sentiment
EUR/USD pauses its two-day decline, trading near 1.0440 during Wednesday’s Asian session. However, upside potential remains capped as risk-off sentiment prevails ahead of the Federal Reserve’s (Fed) interest rate decision later in the North American session. The US Dollar (USD) remains supported by the Fed’s cautious policy stance. According to the CME FedWatch tool, markets […]
EUR/USD Gains Support Around 1.0450 Ahead of Eurozone and US PMI Data
The EUR/USD pair found support near 1.0450 during the early Asian session on Friday, driven by weakness in the US Dollar (USD). Investors are now focusing on the preliminary January readings of the HCOB Purchasing Managers Index (PMI) for the Eurozone and Germany, set to be released later in the day. On the US front, […]
Gold Price Remains Defensive Below Multi-Month High Amid Risk-On Sentiment
Gold price (XAU/USD) came under selling pressure during the Asian session on Thursday, retreating from the multi-month high of $2,763–$2,764 touched the previous day. This decline halts a three-day winning streak. The US Dollar (USD) gained some strength from its recovery off a monthly low, supported by a rebound in US Treasury bond yields, and […]
USD/JPY Climbs Toward 156.00 as Japanese Yen Maintains Intraday Weakness
The Japanese Yen (JPY) weakens broadly during Wednesday’s Asian trading session, allowing the USD/JPY pair to extend its recovery from over a one-month low. A risk-on sentiment, reflected in positive equity market performance, undermines the safe-haven JPY. Additionally, a modest uptick in US Treasury bond yields supports the US Dollar (USD), further pressuring the lower-yielding […]
WTI Falls Near $75.50 as Trump Plans to Boost Output and Impose Tariffs
West Texas Intermediate (WTI), the benchmark for US crude oil, is trading near $75.55 on Wednesday, retreating as US President Donald Trump announces plans to expand domestic oil and gas production and impose tariffs on key trading partners. On Monday, Trump declared a national energy emergency, granting authority to fast-track approvals for oil, gas, and […]
EUR/USD Edges Lower Near 1.0400 Amid Trump’s Tariff Threats
The EUR/USD pair dipped slightly to around 1.0415 during Wednesday’s Asian trading session, with the Euro (EUR) under pressure against the US Dollar (USD). This decline follows US President Donald Trump’s announcement of potential tariffs on the European Union (EU). Traders now await a speech from European Central Bank (ECB) President Christine Lagarde later today […]
Japanese Yen Trims Intraday Gains Against USD; Bullish Momentum Persists
The Japanese Yen (JPY) holds its ground against the US Dollar (USD) in the European session, trading just below the one-month high reached earlier on Tuesday. Renewed fears of a global trade war, sparked by US President Donald Trump’s tariff comments, coupled with expectations of a Bank of Japan (BoJ) interest rate hike later this […]
Japanese Yen Weakens Below 150.00 Against USD Amid Mixed Economic Signals
The Japanese Yen (JPY) continues to lose ground during Tuesday’s Asian session, with the USD/JPY pair climbing above the critical 150.00 psychological level. A combination of modest US Dollar (USD) strength and market dynamics is driving this movement, although speculation surrounding a potential interest rate hike by the Bank of Japan (BoJ) in December is […]
EUR/USD Drops Below 1.0500 Amid French Government Crisis
The EUR/USD pair slipped to approximately 1.0490 during the early European session……
WTI Crude Oil Prices Dip Below $68.50 Amid Stronger USD and Anticipation of OPEC+ Meeting
West Texas Intermediate (WTI) crude oil is trading near $68.25 on Monday, pressured by a strengthening US Dollar (USD) and ongoing market uncertainty. A firmer USD, which makes USD-denominated commodities like oil more expensive for holders of other currencies, weighs heavily on crude prices. Key Factors Impacting WTI Prices Stronger USD and Federal Reserve Outlook: […]