The Australian Dollar (AUD) lost momentum against the US Dollar (USD) on Monday, retreating after strong gains in the previous session. The AUD/USD pair had advanced more than 1% last week as the greenback weakened, but Monday’s price action saw the currency pair give back some ground. This shift comes even as markets increasingly anticipate...
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In forex
Gold Attracts Some Sellers on US Dollar Strength
Gold (XAU/USD) came under renewed selling pressure in the Asian trading session on Monday, with the precious metal retreating toward $3,350. The move was largely driven by a firmer US Dollar (USD) as investors reassessed interest rate expectations ahead of key economic data releases. While the near-term tone looks somewhat heavy, the yellow metal continues...
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In forex
USD/CAD Struggles to Gain Ground as Fed’s Powell Turns Dovish on Interest Rate Outlook
The USD/CAD currency pair entered the new week on the back foot, extending last Friday’s steep decline triggered by dovish guidance from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium. The pair retreated almost 0.8% to near 1.3820 on Friday and continues to show weakness in the Asian session on Monday, reflecting broad...
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In forex
Dollar/Yen Climbs Close to 147.50 but Faces Resistance from BoJ Signals
The USD/JPY currency pair traded close to 147.40 during the Asian session on Monday, recovering after registering around 1% losses in the previous session. The rebound highlights renewed US Dollar (USD) demand in early trading. However, the upside momentum appears constrained, as investors weigh the hawkish tone from the Bank of Japan (BoJ) alongside shifting...
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In forex
NZD/USD Steadies Near 0.5850 After Q2 Retail Sales Data
The NZD/USD currency pair held relatively steady near 0.5850 in Monday’s Asian session, with only limited price movement following the release of New Zealand’s Q2 Retail Sales report. While the data showed an improvement compared to forecasts, the broader outlook for the pair remains tied to monetary policy expectations from both the Reserve Bank of...
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In business
WTI Gains Momentum Above $63.50 as Hopes for Russia-Ukraine Peace Deal Fade
West Texas Intermediate (WTI), the benchmark for US crude oil, is showing renewed bullish momentum, advancing above the $63.50 threshold in early Asian trading. The move higher reflects a combination of geopolitical risks, shifting monetary policy expectations, and supply-side disruptions that continue to support the commodity market. Kashif Amir Khan, a Primeber Group broker, provides...
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In forex
GBP/USD Attracts Sellers Below 1.3500 on Renewed US Dollar Demand
The GBP/USD pair edged lower during the Asian session on Monday, extending its weakness toward 1.3495 as renewed US Dollar (USD) demand put pressure on the major pair. Despite the selling bias, dovish signals from the Federal Reserve (Fed) may help cushion deeper losses. With traders closely watching upcoming US macroeconomic data, the short-term trajectory...
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In forex
EUR/USD Pulls Back to 1.1700 After Four-Week High as Market Reacts to Fed and ECB Signals
The EUR/USD currency pair retreated to around 1.1700 during early Asian trading hours on Monday, following a strong advance to a four-week high of 1.1742 on Friday. The recent pullback reflects a delicate balance between market optimism, central bank communications, and macroeconomic data expectations in both the United States and the Eurozone. The pair’s short-term...
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In finance
USD/CHF Slides Following Powell’s Jackson Hole Comments, Sparking US Dollar Weakness
The USD/CHF pair experienced a sharp decline on Friday, tumbling nearly 1% to 0.8000 following Federal Reserve (Fed) Chair Jerome Powell’s keynote address at the Jackson Hole Economic Symposium. The Swiss Franc (CHF) surged against the US Dollar (USD), reversing earlier gains that had briefly pushed USD/CHF to 0.8104, a two-week high, before retreating to...
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In forex
Silver Surges Further Following Powell’s Jackson Hole Comments, Fueling Speculation of Fed Rate Cuts
Silver prices extended their gains for the third consecutive day on Friday, trading around $38.70, up approximately 1.2%. The precious metal’s bullish momentum came as markets digested Federal Reserve (Fed) Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium, which were widely interpreted as dovish and supportive of a potential monetary policy easing in...
