Category: Markets

The USD/CAD currency pair continues to exhibit a bearish trajectory, extending its downward correction and slipping to around 1.3660 during Thursday’s Asian trading session. This decline marks a significant retracement from earlier gains, with the pair now hovering close to the eight-month low of 1.3634, recorded on June 5.  The current market structure indicates increasing...

The NZD/USD currency pair edged higher in the early hours of Thursday’s Asian session, trading around the 0.6035 mark. This upward momentum was primarily driven by a weaker US Dollar (USD), following cooler-than-expected US inflation data, which has stoked expectations of a potential Federal Reserve (Fed) interest rate cut as early as September.  Coupled with...

The GBP/JPY cross remains under selling pressure in early Thursday trading, hovering near the 195.55 mark, down approximately 0.20% intraday. Despite a modest rebound in the previous session, the British Pound (GBP) failed to sustain upward momentum and was met with renewed selling interest during the Asian trading session.  With market participants awaiting the release...

Gold prices are surging as market participants seek safe-haven assets amid renewed geopolitical tensions, trade uncertainties, and a retreating US Dollar (USD). Spot gold (XAU/USD) rallied during the Asian session on Thursday, reaching a weekly high near $3,377–3,378, bolstered by rising demand for non-yielding assets and expectations of easier monetary policy by the Federal Reserve. ...

The Silver price (XAG/USD) surged past the $36.30 mark during Thursday’s early Asian trading session, snapping a two-day losing streak and gaining traction amid a combination of macroeconomic and geopolitical factors.  With a weaker US Dollar (USD) and escalating tensions in the Middle East, silver has reclaimed investor attention as a safe-haven asset, especially in...

The US Dollar Index (DXY) has fallen below the 98.50 threshold during early Thursday trading in Asia, signaling sustained bearish momentum for the US Dollar (USD). Weighed down by softer-than-expected inflation data and an increasing probability of a Federal Reserve (Fed) interest rate cut in September, the Greenback is trading at approximately 98.40, extending losses...

The USD/INR currency pair opened on a flat note during Thursday’s Asian session, even as the Indian Rupee (INR) showed signs of broad underperformance against a basket of major global currencies. Traders and institutional investors have shifted into a wait-and-see mode, looking ahead to the Consumer Price Index (CPI) data for May. This pivotal inflation...

The Australian Dollar (AUD) continues to face downside pressure, dragged by the persistent risk-off sentiment driven by heightened geopolitical tensions in the Middle East, specifically between Israel and Iran.  Although the US Dollar (USD) is also struggling under the weight of softer inflation data and Federal Reserve rate cut bets, the AUD remains on the...

The Japanese Yen (JPY) continued to exhibit strong upward momentum during the Asian trading session on Thursday, as escalating geopolitical tensions and renewed trade uncertainties fueled a global flight to safety.  These factors, coupled with diverging monetary policy expectations between the Bank of Japan (BoJ) and the Federal Reserve (Fed), have placed notable downward pressure...

The EUR/JPY currency pair is exhibiting notable technical behavior following a recent pause in its five-day winning streak. After surging to an eight-month high of 166.43 on June 11, the pair has retraced slightly, trading around 165.80 during the Asian trading session on Thursday.  Despite the temporary pullback, the overall trend remains bullish, supported by...