Finance
Gold (XAU/USD) sticks to modest intraday losses below the $4,400 mark heading into the European session on Tuesday and, for now, seems to have snapped a two-day winning streak. The US Dollar (USD) builds on the overnigh…
Finance
The United Kingdom’s (UK) ILO Unemployment Rate stayed at 4.9% in the three months to June after reporting 4.9% in the previous reading, data published by the Office for National Statistics (ONS) showed on Tuesday. The …
Finance
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that EUR/USD briefly broke above major resistance at 1.1610 to 1.1614 before fading, leaving the Euro in a near-term consolidation between 1.1560 and 1.…
Finance
The EUR/USD pair loses traction to around 1.1575, snapping the three-day winning streak during the early European session on Tuesday. The Euro (EUR) edges lower against the US Dollar (USD) as traders remain cautious abo…
Finance
The Swiss Franc (CHF) trades marginally lower against the US Dollar (USD) in the early European trading session on Tuesday, with the USD/CHF pair edging up to near 0.8116. The Swiss Franc pair rises as the US Dollar bou…
Finance
The AUD/USD pair turns lower following a modest Asian session uptick on Tuesday, awaiting a break below the 0.7100 mark before extending the previous day's retracement from the highest level since June 5.
Finance
Gold price (XAU/USD) edges higher to near $4,415 during the early Asian session on Tuesday. The precious metal extends its upside amid fading expectations for further US Federal Reserve (Fed) rate hikes. Traders will cl…
Finance
GBP/USD cleared 1.3550 on Monday for the first time in three months, printed the highest level of the window just above it and handed the entire advance back within hours for a net gain under 10 pips. Sterling did none …
Finance
The Aussie Dollar trades near two-month highs of 0.7129, supported by a weaker US Dollar, amid a scarce economic docket in the US, following last week’s softer Retail Sales data. The AUD/USD trades at 0.7106, up 0.32%.
Finance
USD/JPY sat near 159.50 through Monday inside a 75-pip range for a net gain of 10 pips, on the day the Dollar Index broke beneath its 200-day Exponential Moving Average (EMA) to its weakest level since June. Every other…
Finance
US Treasury yields advance on Monday during the North American session after reversing their course following the release of US Retail Sales data last week, which disappointed investors. Meanwhile, the lack of news from…
Finance
The shared currency clings to minimal gains versus the US Dollar on Monday, edging up by some 0.08% after reaching a month-and-a-half high at 1.1614, then reversing course and falling beneath 1.1600, poised to end the s…
Finance
US President Donald Trump said that he is not interested in renewing the expiring agreement with Iran, Bloomberg reported on Monday.
Finance
The Pound Sterling (GBP) registers modest gains of 0.14% on Monday against the US Dollar (USD) as investors digest softer-than-expected US inflation data and brace for the release of crucial UK jobs and inflation data. …
Finance
The Dollar Index trades near 99.50, roughly a tenth of a percent lower, having opened directly on its 200-day Exponential Moving Average (EMA) and failed there inside the first minutes, with a session low just above 99.…
Finance
EUR/USD trims earlier gains on Monday as the US Dollar (USD) shows signs of stabilization after opening the week under selling pressure. At the time of writing, the pair trades around 1.1580 after touching an intraday h…
Finance
The Euro (EUR) crawls higher for the third consecutive day on Monday, against a weak Yen (JPY), weighed down by downbeat Japanese Gross Domestic Product (GDP) figures. The EUR/JPY pair confirmed the breach of the 50% re…
Finance
USD/CAD trades around 1.3860 on Monday at the time of writing, down 0.11% on the day. The pair extends its decline as the US Dollar (USD) remains under pressure against the Canadian Dollar (CAD), with investors scaling …
Finance
West Texas Intermediate (WTI) US Oil advances on Monday and trades around $82.10 at the time of writing, up 0.68% on the day. Oil prices remain supported by the deadlock between the United States (US) and Iran, which ke…
Finance
USD/JPY rebounds on Monday after coming under selling pressure earlier in the day, as the Japanese Yen (JPY) struggles to gain traction despite a weaker US Dollar (USD). At the time of writing, the pair trades around 15…
Finance
BNY’s Geoff Yu notes that India’s bonds sold off after the Reserve Bank of India (RBI) unexpectedly advanced closure of its special Dollar deposit window to end-August. The change reduces anticipated Indian Rupee (INR) …
Finance
In a recent podcast, I drew the conclusion that US Treasury Secretary Scott Bessent fancies his chances of the recent FX intervention being successful. We agree that the yen is significantly undervalued and are reminded…
Finance
Philip Wee of DBS Group Research notes that markets still focus on Japan’s struggle to support the Japanese Yen, while underplaying broader USD implications. He stresses that Washington’s stance gives Tokyo political co…
Finance
Gold (XAU/USD) struggles to build on its intraday advance on Monday but holds modest gains as the US Dollar (USD) remains under selling pressure amid fading expectations that the Federal Reserve (Fed) will raise interes…