USD/CHF Slips Toward 0.8800 as Swiss Q3 GDP Report Awaits
USD/CHF Slips Toward 0.8800 as Swiss Q3 GDP Report Awaits The USD/CHF pair is trading lower around 0.8815 in early European trading on Friday, pressured by broad-based weakness in the US Dollar (USD). Market participants are focused on Switzerland’s Gross Domestic Product (GDP) data for the third quarter (Q3), set to be released later in […]
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) […]
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 […]
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 […]
Japanese Yen Bears Show Resilience Despite Intervention Concerns
Japanese Yen Bears Show Resilience Despite Intervention Concerns The Japanese Yen (JPY) has clawed back much of its earlier losses against the US Dollar (USD), with the USD/JPY pair stabilizing in the mid-154.00s as the European session begins on Monday. Fears of intervention by Japanese authorities to bolster the Yen, combined with heightened geopolitical tensions, […]
EUR/USD Holds Steady Ahead of ECB Lagarde’s Speech
EUR/USD Holds Steady Ahead of ECB Lagarde’s Speech The EUR/USD pair remains stable, trading slightly above the psychological support level of 1.0500 at the start of the week. The currency pair consolidates as the US Dollar (USD) rally pauses after hitting a fresh annual high. The US Dollar Index (DXY), which measures the Greenback against […]
Gold Price Faces Pressure Ahead of US Retail Sales Data
Gold Price Faces Pressure Ahead of US Retail Sales Data Gold (XAU/USD) struggles near $2,570 on Friday, failing to sustain momentum after rebounding from a two-month low in the previous session. The precious metal remains under selling pressure due to the strength of the US Dollar (USD) and uncertainty surrounding the Federal Reserve’s (Fed) pace […]
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, […]
EUR/USD Approaches Yearly Lows Near 1.0550 Ahead of Eurozone Q3 GDP and US PPI Reports
EUR/USD Approaches Yearly Lows Near 1.0550 Ahead of Eurozone Q3 GDP and US PPI Reports EUR/USD continues its downward trend for the fifth consecutive day, trading near 1.0550 during Thursday’s Asian session, hitting new yearly lows. The pair’s decline is primarily driven by the strengthening US Dollar (USD), fueled by “Trump trades.” Investors are now […]
EUR/USD Drops Near 1.0600 Ahead of US Inflation Data
EUR/USD Drops Near 1.0600 Ahead of US Inflation Data The EUR/USD pair continues its downward trajectory on Wednesday, hovering just above the 1.0600 mark during Asian trading. This marks the fourth consecutive day of losses for the Euro, with downward momentum driven largely by a strengthening US Dollar (USD). The recent pressure on the EUR/USD […]
WTI Slips to Near $68.00 on Disappointment Over Chinese Stimulus, Stronger US Dollar
WTI Slips to Near $68.00 on Disappointment Over Chinese Stimulus, Stronger US Dollar West Texas Intermediate (WTI), the US crude oil benchmark, trades around $68.00 on Tuesday as it faces downward pressure from concerns about trade tensions and weak demand growth in China. Fears are mounting that the Trump administration’s plans for new tariffs could […]
USD/CHF Gains Above 0.8800 as Investors Await US CPI Data
USD/CHF Gains Above 0.8800 as Investors Await US CPI Data The USD/CHF pair sees some buying interest around 0.8810 in early European trading on Tuesday, supported by a stronger US Dollar (USD). Key Federal Reserve officials—Christopher Waller, Thomas Barkin, Neel Kashkari, and Patrick Harker—are scheduled to speak later in the day. Investors also look ahead […]
Japanese Yen Stabilizes Against USD Amid Mixed Market Signals
Japanese Yen Stabilizes Against USD Amid Mixed Market Signals The Japanese Yen (JPY) remains range-bound against the US Dollar (USD) on Friday, fluctuating between slight gains and losses in early European trading. Despite recent verbal intervention from Japanese authorities to support the JPY, skepticism around the Bank of Japan’s (BoJ) ability to implement further rate […]