EUR/USD Rises Above 1.1150 Amid Market Optimism
EUR/USD Rises Above 1.1150 Amid Market Optimism The EUR/USD pair has rebounded from its recent losses, trading around 1.1170 during Tuesday’s Asian session. This recovery is fueled by growing market optimism following comments from U.S. Air Force General C.Q. Brown, chairman of the Joint Chiefs of Staff, who told Reuters that fears of a wider […]
Japanese Yen Strengthens as Traders Anticipate BoJ Rate Hike
Japanese Yen Strengthens as Traders Anticipate BoJ Rate Hike The Japanese Yen (JPY) continues to gain momentum for the second consecutive day as Bank of Japan (BoJ) Governor Kazuo Ueda’s hawkish comments stand in stark contrast to the dovish tone of Federal Reserve Chair Jerome Powell. In a speech to Parliament on Friday, Governor Ueda […]
USD/CAD Weakens Near 1.3500 as Fed’s Powell Signals Possible Interest Rate Cut in September
USD/CAD Weakens Near 1.3500 as Fed’s Powell Signals Possible Interest Rate Cut in September The USD/CAD pair is experiencing selling pressure around the 1.3510 level on Monday during Asian trading hours. The US Dollar (USD) is edging lower after Federal Reserve (Fed) Chair Jerome Powell indicated that the time for interest rate cuts may be […]
Top 7 Trading Quotes to Enhance Your Trading Psychology
Top 7 Trading Quotes to Enhance Your Trading Psychology Understanding trading psychology is crucial for success in the financial markets. Often, mastering your mindset is what differentiates successful traders from those who fail. To assist you in developing a strong trading psychology, we’ve gathered seven insightful quotes from some of the most successful investors and […]
WTI Crude Oil Prices Remain Steady Below $73 Amid US Recession Concerns and Easing Supply Fears
WTI Crude Oil Prices Remain Steady Below $73 Amid US Recession Concerns and Easing Supply Fears West Texas Intermediate (WTI) crude oil prices are struggling to build on Thursday’s rebound from a two-week low near the mid-$71 range, trading in a narrow band around $72.75 during Friday’s Asian session. The commodity remains nearly flat for […]
Gold Price Holds Below $2,500 as Traders Await Powell’s Speech
Gold Price Holds Below $2,500 as Traders Await Powell’s Speech Gold (XAU/USD) is seeing some dip-buying on the last trading day of the week, partially recovering from Thursday’s over 1% drop to a weekly low. The US Dollar (USD) is struggling to build on its overnight rebound from the year-to-date low, due to expectations of […]
EUR/GBP Slips Below 0.8500 Ahead of BoE Governor Bailey’s Speech
EUR/GBP Slips Below 0.8500 Ahead of BoE Governor Bailey’s Speech The EUR/GBP pair continues its downward trend, trading near 0.8485 during early European trading hours on Friday. The decrease in expectations for a Bank of England (BoE) interest rate cut in September, following positive Purchasing Managers’ Index (PMI) data, is supporting the Pound Sterling (GBP) […]
Japanese Yen Moves Sideways Despite Hawkish BoJ Signals
Japanese Yen Moves Sideways Despite Hawkish BoJ Signals The Japanese Yen (JPY) traded sideways against the US Dollar (USD) on Thursday, even as a recent Reuters poll, conducted from August 13-19 and published on Wednesday, showed that 31 out of 54 economists expect the Bank of Japan (BoJ) to raise borrowing costs before the end […]
EUR/USD Slips Below 1.1150 as Eurozone and US PMI Data Loom
EUR/USD Slips Below 1.1150 as Eurozone and US PMI Data Loom The EUR/USD pair is trading with mild losses around 1.1145, breaking its four-day winning streak during the Asian session on Thursday. Despite the current dip, downside risks for the pair appear limited due to strong expectations that the US Federal Reserve (Fed) may begin […]
US Dollar Faces Continued Pressure as Market Focus Shifts to PMI Data
US Dollar Faces Continued Pressure as Market Focus Shifts to PMI Data After a brief recovery earlier in the day on Wednesday, the US Dollar Index reversed course during the American session, marking its fourth consecutive day of losses. As of Thursday’s European trading hours, all eyes are on the preliminary August PMI data from […]
Oil Edges Higher Ahead of Weekly Stockpile Reports
Oil Edges Higher Ahead of Weekly Stockpile Reports Oil prices are trading relatively flat on Wednesday after experiencing sharp declines over the past three sessions. The stabilization follows reports that a tanker in the Red Sea was attacked by Houthi rebels. Delta Tankers confirmed that its vessel, Sounion, sustained minor damage in the attack. This […]
How Responsible is the Polish Central Bank? – Commerzbank Analysis
How Responsible is the Polish Central Bank? – Commerzbank Analysis The Polish zloty weakened against the euro and other CE3 currencies yesterday after Poland’s Constitutional Court issued a controversial ruling. The court declared that NBP governor Adam Glapinski could not be held accountable by a parliamentary committee, the State Tribunal, or through any report by […]
EUR/USD Holds Firm Above 1.1100 with Fed Minutes Awaited
EUR/USD Holds Firm Above 1.1100 with Fed Minutes Awaited EUR/USD is hovering around 1.1130 during Wednesday’s North American session, marking its highest level this year. The currency pair is eyeing a revisit to the 2024 high of 1.1140 as the US Dollar (USD) weakens amid growing optimism for Federal Reserve (Fed) interest rate cuts in […]
How to Trade with MetaTrader WebTrader
How to Trade with MetaTrader WebTrader: A Comprehensive Guide In the fast-paced world of online trading, having access to a reliable and versatile platform is essential. MetaTrader WebTrader, a browser-based version of the popular MetaTrader platform, offers traders the flexibility to trade from anywhere, without the need to download or install any software. This guide […]
Gold Price Holds Steady Near Record High, Awaits Fed Cues for Next Move
Gold Price Holds Steady Near Record High, Awaits Fed Cues for Next Move Gold price (XAU/USD) continues its sideways consolidation for the second consecutive day on Tuesday, remaining in a narrow range around the $2,500 psychological level as the European session approaches. A generally positive sentiment across global equity markets is acting as a headwind […]
EUR/USD Steady Near 1.1100, Close to Eight-Month Highs
EUR/USD Steady Near 1.1100, Close to Eight-Month Highs The EUR/USD pair is holding around 1.1080 during Tuesday’s Asian session, after easing back slightly from an eight-month high of 1.1087. This minor pullback is linked to a stronger US Dollar (USD) amid a rise in risk-averse sentiment. However, the USD might face challenges ahead as the […]
WTI Crude Oil Remains Below $75.50 Amid Chinese Demand Concerns
WTI Crude Oil Remains Below $75.50 Amid Chinese Demand Concerns West Texas Intermediate (WTI) crude oil prices are hovering around $75.30 per barrel during the Asian session on Monday, pressured by concerns over weakened demand from China, the world’s top oil importer. Recent data from China revealed that Industrial Production increased by 5.1% year-on-year in […]
Australian Dollar Strengthens Amid Improved Risk Sentiment and Hawkish RBA Stance
Australian Dollar Strengthens Amid Improved Risk Sentiment and Hawkish RBA Stance The Australian Dollar (AUD) extended its winning streak against the US Dollar (USD) for the third consecutive day on Monday, driven by improved risk sentiment and a hawkish outlook from the Reserve Bank of Australia (RBA). Investors are now eagerly awaiting the RBA Meeting […]