EUR/USD Strengthens Above 1.0900 Amid Softer US Dollar, Geopolitical Risks in Focus
EUR/USD Strengthens Above 1.0900 Amid Softer US Dollar, Geopolitical Risks in Focus The EUR/USD pair rebounds to around 1.0935 during Thursday’s Asian trading session, breaking a two-day losing streak. A weaker US Dollar (USD) supports the pair, although rising geopolitical risks may limit further gains. Market sentiment remains cautious, with attention on the upcoming US […]
Japanese Yen Weakens Amid Dovish Bank of Japan Stance
Japanese Yen Weakens Amid Dovish Bank of Japan Stance The Japanese Yen (JPY) continues to weaken against the US Dollar (USD) for the second consecutive day, largely due to dovish comments from Bank of Japan (BoJ) Deputy Governor Shinichi Uchida on Wednesday. According to Reuters, Uchida stated, “We won’t raise rates when markets are unstable,” […]
EUR/USD Continues to Decline Near 1.0900 Amid US Dollar Strength
EUR/USD Continues to Decline Near 1.0900 Amid US Dollar Strength The EUR/USD pair is trading lower around 1.0915 after pulling back from seven-month highs near 1.1008 during the Asian session on Wednesday. A stronger US Dollar (USD) is putting downward pressure on the pair. Investors are now looking ahead to Germany’s June Trade Balance and […]
EUR/USD Pair Trades with Mild Losses Amid Mixed Market Sentiment
EUR/USD Pair Trades with Mild Losses Amid Mixed Market Sentiment The EUR/USD pair is trading with slight losses around the 1.0950 mark during early European trading hours on Tuesday. Improved risk sentiment is providing some support to the US Dollar (USD), limiting the upside potential for the pair. Traders are closely watching the upcoming release […]
Gold Price Stabilizes Amid Firm Fed Rate-Cut Bets and Middle East Conflicts
Gold Price Stabilizes Amid Firm Fed Rate-Cut Bets and Middle East Conflicts Gold (XAU/USD) has recovered to trade above $2,440 after dipping near $2,410 during Monday’s European session. The precious metal faced selling pressure as traders booked profits while it attempted to reclaim its all-time highs above $2,480. Despite this, the overall outlook for gold […]
EUR/JPY Stabilizes Around 157.00, Rebounds Following PMI Data
EUR/JPY Stabilizes Around 157.00, Rebounds Following PMI Data EUR/JPY continues its downtrend for the sixth consecutive day, trading around 156.90 during the early European session on Monday. However, the pair has trimmed some of its intraday losses after the release of key economic data, including the Eurozone Producer Price Index (PPI) and Germany’s Purchasing Managers’ […]
Yen Weakens as Dollar Gains Amid Risk-Off Sentiment
Yen Weakens as Dollar Gains Amid Risk-Off Sentiment The Japanese Yen (JPY) ended its two-day winning streak on Monday, as the USD/JPY pair recovered its daily losses with the US Dollar (USD) gaining ground amid risk-off sentiment. The Bank of Japan (BOJ) maintained its economic assessment for five of Japan’s nine regions in its latest […]
China’s Central Bank to Adjust Temporary Repos Based on Market Conditions
China’s Central Bank to Adjust Temporary Repos Based on Market Conditions The People’s Bank of China (PBOC) has announced measures to exert greater control over market interest rates by implementing additional open market operations and tightening the range within which short-term rates can fluctuate. The PBOC will now conduct bond repurchase or reverse repurchase operations […]
USD/CHF Extends Losses Amid Rising Fed Rate Cut Prospects
USD/CHF Extends Losses Amid Rising Fed Rate Cut Prospects The USD/CHF pair continues its decline for the fourth consecutive trading day on Monday, staying below the key psychological level of 0.9000. This decline is primarily driven by a weakening US Dollar (USD) amid increasing speculation that the Federal Reserve (Fed) will shift towards policy normalization […]
Pound Holds Steady as Labour Eyes Election Majority
Pound Holds Steady as Labour Eyes Election Majority UK equity-index futures rose, and the pound maintained its recent gains following an exit poll suggesting the Labour Party will secure a clear mandate for greater economic stability. Contracts on the FTSE 100 Index increased by 0.2%, while the pound remained steady around $1.276. Early results indicated […]
Australian Dollar Rises on Hawkish RBA Sentiment
Australian Dollar Rises on Hawkish RBA Sentiment The Australian Dollar (AUD) appreciated for the fourth consecutive day on Friday, driven by high inflation and expectations that the Reserve Bank of Australia (RBA) will delay potential rate cuts. The June Meeting Minutes from the RBA revealed that the board saw a stronger case for holding rates […]
GBP/JPY Slides to 205.00 Amid Intervention Fears
GBP/JPY Slides to 205.00 Amid Intervention Fears The GBP/JPY pair continued its downward trend for the second consecutive day on Friday, moving away from its highest level since August 2008, which was around 206.15 earlier this week. Currently, the spot prices are trading just above the 205.00 psychological mark, down approximately 0.35% for the day. […]
Fed Sought More Inflation Data in June Minutes
Fed Sought More Inflation Data in June Minutes At their last policy meeting, Federal Reserve officials were divided on how long to maintain elevated interest rates and were awaiting more evidence that inflation is cooling. The minutes from the Federal Open Market Committee (FOMC) meeting, which ended on June 12, revealed that officials did not […]
Topix and Nikkei Hit Record Highs in Japan Stock Rally
Topix and Nikkei Hit Record Highs in Japan Stock Rally Japan’s Topix stock index surged past its bubble-era peak to reach a record high, signaling a broad-based rally beyond just a few stocks. The benchmark index rose as much as 0.6% to 2,890.52, exceeding the previous intraday record set in December 1989. Most of the […]
EUR/JPY Rises Above 173.50, Focus on Eurozone PMI
EUR/JPY Rises Above 173.50, Focus on Eurozone PMI The EUR/JPY pair remains in positive territory for the sixth consecutive day, trading near 173.80 during the early European session on Wednesday. This sustained upward movement is primarily due to the weakening Japanese Yen (JPY), which has been impacted by recent data indicating a contraction in Japanese […]
Gold Holds Steady Below 50-Day SMA, Awaits Fed Chair Powell’s Speech
Gold Holds Steady Below 50-Day SMA, Awaits Fed Chair Powell’s Speech Gold prices (XAU/USD) faced fresh selling pressure during the Asian session on Tuesday, reversing the previous day’s gains and approaching the 50-day Simple Moving Average (SMA), a significant resistance level. The US Dollar (USD) gained traction as investors awaited more clarity on the Federal […]
US Yields Boost Dollar, Weaken Yen
US Yields Boost Dollar, Weaken Yen The dollar strengthened on Tuesday, driven by rising U.S. yields, putting pressure on low-yielding currencies like China’s yuan and Japan’s yen, which fell to its lowest level since 1986. Benchmark 10-year Treasury yields increased nearly 14 basis points to 4.479% overnight. Analysts attributed this rise to expectations of Donald […]
Australian Dollar Drops on Weak Manufacturing PMI
Australian Dollar Drops on Weak Manufacturing PMI The Australian Dollar (AUD) may find some relief as the Caixin Manufacturing PMI from China increased to 51.8 in June, surpassing expectations of a decline to 51.2 from May’s 51.7. This unexpected boost in Chinese manufacturing activity is significant for Australia, given the close trade relationship between the […]