Japanese Yen Drops as No Candidate Secures Majority in LDP Voting First Round
Japanese Yen Drops as No Candidate Secures Majority in LDP Voting First Round The Japanese Yen (JPY) continues to weaken for the third consecutive session, following the release of Tokyo’s Consumer Price Index (CPI) data on Friday. Investors are concerned that the Bank of Japan (BoJ) may delay further rate hikes, adding pressure to the […]
USD/CHF Rises Above 0.8450 as Traders Anticipate US PCE Data
USD/CHF Rises Above 0.8450 as Traders Anticipate US PCE Data The USD/CHF pair gained traction on Friday, climbing to around 0.8485 during the early European session. This move comes as the Swiss Franc (CHF) weakens, following the Swiss National Bank’s (SNB) decision to lower interest rates on Thursday. Traders are now focused on the upcoming […]
WTI Crude Oil Steady Near $69.50, Limited Downside Due to Rising US Oil Demand
WTI Crude Oil Steady Near $69.50, Limited Downside Due to Rising US Oil Demand West Texas Intermediate (WTI) crude oil prices remained subdued, hovering near $69.60 per barrel during Thursday’s Asian session. However, the downside appears limited as strong US fuel demand and shrinking stockpiles provide support. The US Energy Information Administration (EIA) reported a […]
EUR/USD Approaches 1.1150 Ahead of Fed Chair Powell’s Speech
EUR/USD Approaches 1.1150 Ahead of Fed Chair Powell’s Speech The EUR/USD pair is trading stronger near 1.1140 during Thursday’s Asian session, supported by a broadly weaker US Dollar. On the agenda for Thursday are speeches by multiple US Federal Reserve (Fed) officials, including Chair Jerome Powell. Additionally, key economic data releases, such as the US […]
Intel Leads Dow Jones as Top Gainer Amid $5 Billion Apollo Investment Rumors
Intel Leads Dow Jones as Top Gainer Amid $5 Billion Apollo Investment Rumors Intel (INTC) emerged as the top performer in the Dow Jones Industrial Average (DJIA) on Monday, outperforming major companies like Visa (V), Walmart (WMT), and Boeing (BA). The semiconductor giant’s shares surged by 3.3% on reports that Apollo Global Management is in […]
Japanese Yen Softens Following Comments from BoJ Governor Ueda
Japanese Yen Softens Following Comments from BoJ Governor Ueda The Japanese Yen (JPY) lost ground against the US Dollar (USD) on Tuesday as concerns grew over the Bank of Japan’s (BoJ) reluctance to raise interest rates. BoJ Governor Kazuo Ueda reaffirmed on Friday that it would only be “appropriate to raise rates if trend inflation […]
NZD/USD Holds Above 0.6250, Supported by Dovish Fed Remarks
NZD/USD Holds Above 0.6250, Supported by Dovish Fed Remarks The NZD/USD pair continues its upward trend for the second consecutive day, benefiting from improved risk sentiment and dovish signals from the Federal Reserve’s policy outlook. On Tuesday, during the Asian session, the pair hovered near its monthly high of 0.6280. The US Dollar (USD) is […]
BOJ Surprises with Removal of Forward Guidance – UOB Group
BOJ Surprises with Removal of Forward Guidance – UOB Group The Bank of Japan (BOJ) kept its monetary policy unchanged but unexpectedly removed its forward guidance, surprising markets, according to UOB Group Senior Economist Alvin Liew. No Change in Monetary Policy as Expected “At its scheduled Monetary Policy Meeting (MPM) on Friday (September 20), the […]
Pound Sterling Slips as UK PMI Misses Expectations
Pound Sterling Slips as UK PMI Misses Expectations The Pound Sterling (GBP) declined on Monday, driven by weaker-than-anticipated preliminary UK S&P Global Purchasing Managers’ Index (PMI) data for September and negative market sentiment. The British currency underperformed against most of its major peers, except for the Euro (EUR), which also fell due to a surprise […]
EUR/USD Holds Steady Near 1.1150 Ahead of Eurozone PMI Data
EUR/USD Holds Steady Near 1.1150 Ahead of Eurozone PMI Data The EUR/USD pair remains steady around 1.1160 during Monday’s Asian trading session. The US Dollar (USD) could weaken due to the increasing possibility of further interest rate cuts by the Federal Reserve (Fed) in 2024, which may support the EUR/USD pair. Last week, the US […]
Bank of Japan Keeps Interest Rate Unchanged in September, As Expected
Bank of Japan Keeps Interest Rate Unchanged in September, As Expected On Friday, the Bank of Japan (BoJ) announced that it would maintain its short-term interest rate target between 0.15% and 0.25%, following a two-day monetary policy review. This decision aligned with market expectations. Back in July, the BoJ surprised markets by raising the policy […]
Gold Price Holds Steady Near Record Highs Despite Positive Market Sentiment
Gold Price Holds Steady Near Record Highs Despite Positive Market Sentiment Gold (XAU/USD) continues its upward momentum for the second consecutive day, edging closer to the $2,600 mark—just shy of its all-time high—during early European trading on Friday. This rise follows the Federal Reserve’s (Fed) substantial interest rate cut on Wednesday, with expectations for another […]
EUR/USD Price Outlook: Positive Momentum Sustains Above 1.1150
EUR/USD Price Outlook: Positive Momentum Sustains Above 1.1150 The EUR/USD pair remains on an upward trajectory for the third straight day, trading near 1.1165 during Friday’s Asian session. The pair’s strength is supported by a weaker US Dollar (USD), following an unexpected 50 basis point (bps) rate cut by the US Federal Reserve (Fed) at […]
WTI Extends Rally Above $70.00 as Hurricane Francine Disrupts Production
WTI Extends Rally Above $70.00 as Hurricane Francine Disrupts Production West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.35 on Tuesday, continuing its rally as Hurricane Francine impacts oil production in the US Gulf of Mexico. The storm has caused significant disruptions, with the US Bureau of Safety and Environmental Enforcement […]
Japanese Yen Consolidates as US Dollar Holds Firm Amid Rising Treasury Yields
Japanese Yen Consolidates as US Dollar Holds Firm Amid Rising Treasury Yields The Japanese Yen (JPY) remained steady against the US Dollar (USD) on Tuesday, supported by the hawkish outlook on the Bank of Japan’s (BoJ) interest rate policy. Traders are cautiously awaiting the BoJ’s policy decision on Friday, expecting rates to remain unchanged but […]
GBP/USD Consolidates Near 1.3200, Eyes US Retail Sales for Short-Term Direction
GBP/USD Consolidates Near 1.3200, Eyes US Retail Sales for Short-Term Direction The GBP/USD pair is trading within a tight range slightly above the 1.3200 mark during the Asian session on Tuesday, consolidating the strong gains from the previous day, which pushed it to a one-week high. Investors are cautious ahead of key central bank events: […]
Australian Dollar Strengthens Amid Rising Odds of Aggressive Fed Rate Cut
Australian Dollar Strengthens Amid Rising Odds of Aggressive Fed Rate Cut The Australian Dollar (AUD) edged higher against the US Dollar (USD) on Monday, driven by growing speculation that the US Federal Reserve may implement a substantial 50 basis points (bps) rate cut in its upcoming policy meeting. This potential easing by the Fed could […]
How to Open a MetaTrader 5 Account
How to Open a MetaTrader 5 Account Are you interested in opening a MetaTrader 5 demo or live account? In this guide, we’ll walk you through the steps needed to get started on MetaTrader 5 and begin your trading journey. Steps to Open and Trade on a MetaTrader 5 (MT5) Account Below are the five […]