EUR/USD Oscillates Above 1.0800, Bearish Risks Remain
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. The short-term outlook remains skewed toward bearish sentiment, indicating that the pair may still trend […]
Gold Price Overbought, Bulls Should Exercise Caution Amid Renewed USD Strength
Gold Price Overbought, Bulls Should Exercise Caution Amid Renewed USD Strength Gold (XAU/USD) remains near its intraday highs through early European trading, hovering close to its all-time peak of around $2,730. The continued accommodative monetary policy environment and persistent geopolitical tensions, especially from the Middle East conflicts, support the precious metal’s upward momentum. Additionally, political […]
The Ultimate Guide to GBP to USD Exchange Rates: What You Need to Know
The Ultimate Guide to GBP to USD Exchange Rates: What You Need to Know Are you planning a trip to the United States or looking to invest in US businesses? Understanding the exchange rate between the British Pound (GBP) and the US Dollar (USD) is crucial. This comprehensive guide covers everything you need to know […]
EUR/USD Extends Losses After ECB Rate Cut
EUR/USD Extends Losses After ECB Rate Cut The EUR/USD pair continues to decline following the European Central Bank’s (ECB) decision to cut rates by 25 basis points on Thursday. With a lack of bullish momentum, the pair is now down more than 3.5% from late September’s peak above 1.1200, as it extends near-term losses. The […]
Australian Labor Market Surprises Positively – Commerzbank
Australian Labor Market Surprises Positively – Commerzbank Australia’s employment report delivered stronger-than-expected results this morning, joining the list of countries with unexpectedly robust labor data, notes Commerzbank’s FX analyst, Michael Pfister. AUD Supported Amid Strong Job Creation “Job creation reached 64.1k, slightly outpacing August’s already strong figure, with most gains driven by full-time positions. Meanwhile, […]
Crude Oil Steadies as Markets Monitor Middle East Tensions and China’s Economic Outlook
Crude Oil Steadies as Markets Monitor Middle East Tensions and China’s Economic Outlook Crude oil prices stabilized on Thursday after a four-day losing streak that resulted in a nearly 7% weekly drop. The market has found a temporary floor, with traders weighing geopolitical risks, particularly doubts over whether Israeli Prime Minister Benjamin Netanyahu will honor […]
Gold Price Holds Gains Around $2,670, Supported by Softer Risk Sentiment
Gold Price Holds Gains Around $2,670, Supported by Softer Risk Sentiment Gold (XAU/USD) continues to edge higher for the second consecutive day on Wednesday, extending its recent positive streak, reaching a one-and-a-half-week high around $2,670 during the Asian session. The ongoing geopolitical tensions in the Middle East are fueling a risk-off sentiment, which is providing […]
EUR/USD stays below 1.0900; further decline likely as ECB decision approaches
EUR/USD stays below 1.0900; further decline likely as ECB decision approaches EUR/USD remains under pressure, trading near 1.0890 during the Asian session on Wednesday after a four-day losing streak. The Euro could face additional downside as the European Central Bank (ECB) is widely expected to announce a 25 basis point cut in both the Main […]
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 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
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 […]
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 […]
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 […]
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 […]
Gold Price Slips to $2,640, Holds Above Friday’s Post-NFP Low and Trading Range Support
Gold Price Slips to $2,640, Holds Above Friday’s Post-NFP Low and Trading Range Support Gold (XAU/USD) faced fresh selling pressure on Monday, dropping to a daily low of around $2,640 as the European session approached. The US Dollar (USD) remains near a seven-week high, bolstered by traders adjusting expectations for a large interest rate cut […]
EUR/USD Hits Three-Week Low Around 1.1030 Amid Strengthening USD
EUR/USD Hits Three-Week Low Around 1.1030 Amid Strengthening USD The EUR/USD pair has seen selling pressure for the fifth consecutive day, dipping to a fresh three-week low near the 1.1030 mark during Thursday’s Asian session. This bearish momentum is driven by broad US Dollar (USD) strength, pushing the pair below the 50-day Simple Moving Average […]
WTI Surges Above $70 as Iran Missile Strike on Israel Sparks Fears in Global Oil Markets
WTI Surges Above $70 as Iran Missile Strike on Israel Sparks Fears in Global Oil Markets West Texas Intermediate (WTI), the US crude oil benchmark, climbed to around $70.65 on Wednesday. The surge comes after Iran launched missiles at Israel, raising concerns about potential disruptions in oil supply from the region. Iran fired over 200 […]