Australian Dollar Rises Amid Risk-On Sentiment, Focus Shifts to RBA Rate Decision
The Australian Dollar (AUD) continues its third straight session of gains against the US Dollar (USD) on Monday, following US President Donald Trump’s move to postpone the imposition of reciprocal tariffs. A weaker USD following disappointing US retail sales data has further supported the AUD/USD pair, reigniting speculation that the Federal Reserve (Fed) may cut […]
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 […]
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 […]
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 […]
WTI Slips to $71.00 Amid Trade Tariff Concerns and Weak China Data
West Texas Intermediate (WTI) crude oil prices edge lower during Wednesday’s Asian session, erasing part of the previous day’s modest recovery from a nearly three-week low. The commodity trades near $71.00, down over 0.25% for the day, and remains vulnerable to further losses amid prevailing bearish sentiment. Investor concerns persist over US President Donald Trump’s […]
EUR/USD Dips Below 1.0500 as US Dollar Index Rebounds from Monthly Lows
EUR/USD slid to approximately 1.0480 during the Asian session on Monday as the US Dollar Index (DXY) recovered from its monthly low of 107.22, recorded last Friday. At the time of writing, the DXY is trading near 107.60. The US Dollar gained traction after the release of mixed US Purchasing Managers’ Index (PMI) data. Market […]
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 […]
Gold Price Holds Firm Above $2,725 Amid Trade War Concerns and Fed Rate Cut Speculation
The price of gold (XAU/USD) continues to build on Monday’s rebound from the $2,689 level, maintaining a bullish trajectory for the second consecutive session. Early Tuesday, gold climbed to its highest level since November 6, trading near $2,729, fueled by U.S. President Donald Trump’s tariff remarks and growing demand for safe-haven assets. Additionally, declining U.S. […]
Top 5 Reasons Why You Should Learn to Read Price Action
Top 5 Reasons Why You Should Learn to Read Price Action For many new traders, one of the most frustrating challenges is understanding that technical analysis doesn’t have to be complicated. In fact, the key to successful trading is simpler than you think—learning how to read price action. Too often, traders load their charts with […]
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) […]
How to Set Effective Goals for Your Forex Trading Journey
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, […]
EUR/USD Hovers Near 1.0600 as US Dollar Retreats on Profit-Taking
EUR/USD Hovers Near 1.0600 as US Dollar Retreats on Profit-Taking The EUR/USD pair remains steady with a positive bias around the 1.0600 mark during Tuesday’s Asian session. The pair’s upward momentum appears supported by a softer US Dollar (USD), which is undergoing profit-taking after its recent rally. Despite the USD’s pullback, its downside remains limited […]
Australian Dollar Holds Steady as RBA Minutes Highlight Need for Restrictive Policy
Australian Dollar Holds Steady as RBA Minutes Highlight Need for Restrictive Policy The Australian Dollar (AUD) remained stable against the US Dollar (USD) after the release of the Reserve Bank of Australia’s (RBA) November Meeting Minutes on Tuesday. The minutes underscored the board’s cautious stance on inflation, emphasizing the continued need for restrictive monetary policy […]
What is CPI in Forex, and How Can You Use It for Trading?
What is CPI in Forex, and How Can You Use It for Trading? The Consumer Price Index (CPI) is a critical economic indicator that measures the change in the price level of a basket of consumer goods and services. It’s a widely recognized gauge of inflation and plays a significant role in influencing monetary policy […]
EUR/USD Nears 1.0550 After Rebounding from Yearly Lows
EUR/USD Nears 1.0550 After Rebounding from Yearly Lows The EUR/USD pair has broken its five-day losing streak, trading close to 1.0540 during the Asian session on Friday. This recovery appears to stem from a pullback in the US Dollar (USD) following recent remarks by Federal Reserve Chair Jerome Powell. Powell noted that the US economy […]
Japanese Yen Stays on Defensive, Hovering Near 156.00 Against the US Dollar
Japanese Yen Stays on Defensive, Hovering Near 156.00 Against the US Dollar The Japanese Yen (JPY) continues to weaken against the US Dollar (USD), marking its fourth consecutive day of losses on Thursday, as it dips below the 156.00 level for the first time since July. Despite a notable increase in Japan’s Producer Price Index […]
Australian Dollar Struggles as US Dollar Strengthens Ahead of US PPI Release
Australian Dollar Struggles as US Dollar Strengthens Ahead of US PPI Release The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) following Thursday’s economic data releases. Australia’s Consumer Inflation Expectations fell to 3.8% in November, down from 4.0% in October, marking the lowest level since October 2021. Australia’s Unemployment Rate, seasonally adjusted, […]
Understanding Forex Spreads: Definition, Types, and Calculation
Understanding Forex Spreads: Definition, Types, and Calculation In forex trading, understanding spreads is essential for maximizing profitability. This guide explores what forex spreads are, how they function, and how to calculate and monitor them effectively. What is a Spread in Forex? In forex, the spread is the difference between the ask price and the bid […]