Finance
Silver (XAG/USD) price erases Wednesday's gains and forms a bearish head-and-shoulders chart pattern on Thursday after the white metal tanks and breaks a support trendline around $64.00-$64.15, exacerbating the decline …
Finance
Commerzbank notes USD/MYR has risen to 4.07, marking a fourth consecutive session of Ringgit weakness, weighed by foreign portfolio outflows from Malaysian equities. However, they stress that resilient manufacturing, fi…
Finance
In all the turmoil, investors now expect the European Central Bank to hike rates more than once this year at a time when the Federal Reserve is cutting. Does that really make sense? It's not unprecedented, but the bar f…
Finance
The Australian Dollar eased against the US Dollar on Thursday, slipping back below the 0.7200 mark after touching its highest level since mid-May earlier in the week. AUD/USD trades in the 0.7160 area, lower on the day,…
Finance
USD/JPY advances to around 154.15 on Thursday at the time of writing, up 0.40% on the day. The pair benefits from a rebound in the US Dollar (USD), supported by US data showing accelerating producer price pressures and …
Finance
Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD is holding a tight sideways range near 1.38 with no domestic data, leaving the Canadian Dollar (CAD) driven by external factors and technicals.
Finance
Nordea analysts Jan von Gerich and Tuuli Koivu note that the European Central Bank (ECB) delivered a 25bp rate hike and signalled a bias toward further tightening as its projections show Eurozone inflation above target …
Finance
Gold (XAU/USD) trades with a downside bias on Thursday as a steady US Dollar (USD), rising US Treasury yields and Federal Reserve (Fed) rate-hike expectations weigh on the precious metal, while traders also assess the l…
Finance
The USD/JPY pair seesaws between tepid gains and minor losses through the first half of the European session on Thursday, consolidating its recent heavy losses to a nearly seven-month low, touched earlier this week. Spo…
Finance
Blowout NFP. US payrolls rose by 162,000 in August, beating the 55,000 forecast, while prior months were revised up by 55,000. Unemployment held at 4.1% and wage growth remained firm. The report raised the chance of a S…
Finance
The Pound Euro (GBP/EUR) exchange rate made modest gains on Tuesday, with higher oil prices and fresh Eurozone inflation data prompting markets to reassess the outlook for monetary policy.
Finance
The Swiss Franc (CHF) has given back previous daily gains against the US Dollar (USD) in a calm trading session on Thursday, as the USD/CHF pair returned above 0.8100, although it remains halfway through the weekly trad…
Finance
EUR/USD pushed toward 1.1650 yesterday before the Treasury announcement pulled the rug out. The move was accompanied by a fairly aggressive tightening in two-year rate differentials, driven almost entirely by higher Eur…
Finance
The Euro (EUR) trades in a tight range at around 1.1640 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair consolidates as investors await the European Central Bank’s (E…
Finance
ING’s Frantisek Taborsky expects the Central Bank of the Republic of Türkiye (CBRT) to keep its policy rate at 37% for now, after normalising liquidity and lowering the effective funding rate. Weaker 2Q Gross Domestic P…
Finance
AUD/JPY extends its losing streak for the fourth consecutive day, trading around 110.70 during European hours on Thursday. The currency cross depreciates as the Australian Dollar (AUD) faces challenges amid escalating M…
Finance
The EUR/JPY cross struggles to capitalize on its modest intraday gains and trades around the 178.75 region during the first half of the European session on Thursday. Meanwhile, spot prices remain within striking distanc…
Finance
The USD/JPY pair edges higher during the Asian session on Thursday and trades just above mid-153.00s amid bears turn cautious ahead of US inflation figures. Spot prices, however, remain close to a seven-month low, touch…
Finance
West Texas Intermediate (WTI) oil price depreciates after three days of gains, trading around $93.90 during Asian hours on Thursday. However, oil prices may soon regain ground as an intensifying conflict between the Uni…
Finance
HONG KONG: The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities pushed oil prices higher and dampened risk appetite, while the Japanese yen hovered near the key 160 level t…
Finance
Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Thursday that the central bank expected to continue raising interest rates given current accommodative financial conditions. However, the pace and timing of …
Finance
The EUR/USD pair holds steady around 1.1635 during the early Asian trading hours on Thursday. Traders prefer to wait on the sidelines ahead of the European Central Bank (ECB) policy meeting and the release of the US Aug…
Finance
The USD/CAD pair struggles to capitalize on the previous day's modest gains and consolidates just above the 1.3800 mark during the Asian session on Thursday. Traders seem hesitant and opt to wait for the release of US i…
Finance
The AUD/USD pair declines to near 0.7215 during the early Asian trading hours on Thursday. Markets turn cautious as traders brace for the release of the US inflation data later this week.