The EUR/USD currency pair dropped 0.40% during the North American session on Wednesday, reflecting strong US economic data that bolstered the Greenback. The pair traded at 1.1604, having reached a daily high of 1.1662, as investors digested S&P Global’s Purchasing Managers Index (PMI) surveys and the latest labor market figures from the United States. The...
Article
In forex
Japanese Yen Weakens as BoJ Policy Uncertainty Persists; USD/JPY Climbs Above 147.50 on Stronger Dollar
The Japanese Yen (JPY) remains under pressure, failing to attract meaningful buying interest despite slightly higher-than-expected inflation figures. The persistent uncertainty over the timing of the next Bank of Japan (BoJ) rate hike continues to weigh on the JPY, while a broadly firmer US Dollar (USD) provides support to the USD/JPY currency pair, pushing it...
Article
In business
Gold Keeps the Red as USD Strength Persists Ahead of Powell’s Address
Gold (XAU/USD) extended its losses for the second consecutive day on Friday as a strengthening US Dollar (USD) continues to weigh on the non-yielding precious metal. The market’s cautious sentiment and reduced bets for a Federal Reserve (Fed) rate cut have contributed to the ongoing downward pressure on Gold. Traders remain on edge, awaiting Fed...
Article
In forex
WTI Holds Steady Near $63.50 as Optimism Over Russia-Ukraine Peace Fades
West Texas Intermediate (WTI) crude oil prices remained relatively stable near $63.50 on Friday, after two days of gains, as optimism surrounding an immediate Russia-Ukraine peace deal continues to fade. During Asian trading hours, WTI hovered around $63.40, reflecting a market balancing geopolitical risks, supply disruptions, and evolving macroeconomic indicators. Broker Anthony Trevino at ProDivia...
Article
In forex
Ripple Legal Endgame Meets Fresh SEC ETF Delays; BTC Dips to $112k
The cryptocurrency market faced renewed turbulence this week as Ripple’s (XRP) ongoing legal saga intersected with fresh SEC delays on XRP-spot ETF approvals, while Bitcoin (BTC) struggled ahead of Fed Chair Jerome Powell’s Jackson Hole speech. Investor sentiment has been rattled, reflecting broader market fragility across digital assets. Daniel Morris, a ProDivia Group broker, shares...
Article
In forex
BNB Sees Over 3 Million Active Addresses – Could $1,000 Be Next?
BNB Coin (BNB) has been making headlines as it surges to new all-time highs and demonstrates strong network activity. Just 14 hours ago, BNB reached $882.60, marking its highest price ever and positioning it among the top-performing assets in the top 5 cryptocurrencies. Year-to-date (YTD) gains of 20.5% put it just shy of Bitcoin’s (BTC)...
Article
In forex
EUR/JPY Price Forecast: Positive View Prevails Above 172.50 Amid Risk-On Sentiment
The EUR/JPY currency pair has gained momentum in early trading, gathering strength near 172.60 during Monday’s Asian session, up approximately 0.20% on the day. The technical outlook remains constructive as the pair continues to benefit from a risk-on market sentiment, alongside ongoing uncertainty regarding the Bank of Japan’s (BoJ) interest rate policy. Liam Gerald, a...
Article
In forex
Japanese Yen Remains Depressed Against a Mildly Positive USD; Bears Lack Conviction
The Japanese Yen (JPY) continues to drift lower against a mildly positive US Dollar (USD) during the Asian session on Monday, reflecting a combination of receding safe-haven demand and ongoing uncertainty over Bank of Japan (BoJ) rate hikes. While the USD/JPY pair maintains modest intraday gains, market participants are cautious, and JPY bears appear non-committal...
Article
In finance
Gold Climbs from Two-Week Low Ahead of High-Profile International Meeting
Gold (XAU/USD) staged a notable rebound on Monday, climbing over $30 from a two-week low observed earlier during the Asian session around the $3,324–3,323 region. The recovery underscores a growing interplay between US bond yields, Federal Reserve (Fed) policy expectations, and geopolitical developments, which continue to shape the dynamics of the safe-haven bullion. In this...
Article
In forex
EUR/USD Price Forecast: Eyes 1.1700 Support Near Ascending Channel’s Lower Boundary
The EUR/USD currency pair remains under the spotlight as traders focus on critical technical levels and ongoing market momentum. Following a notable 0.5% gain in the previous session, EUR/USD edged lower during Asian trading hours, hovering around 1.1710. Despite this minor pullback, technical indicators suggest that the bullish bias continues to dominate, with price action...
