Category: Markets

The Australian Dollar (AUD) is retreating sharply against the Japanese Yen (JPY), snapping a multi-day rally that propelled the currency pair to a six-month high. On Tuesday, AUD/JPY touched 97.43, its highest level since late January, but has since fallen over 1%, currently hovering around 96.40 during the U.S. session.  This pullback marks a significant...

The USD/CAD currency pair posted modest gains during Thursday’s early Asian session, advancing toward the 1.3685 level, as traders digest the latest Canadian inflation data and US wholesale price indicators, with attention turning next to upcoming US Retail Sales figures.  The balance between diverging expectations from the Bank of Canada (BoC) and the Federal Reserve...

The gold price (XAU/USD) witnessed a notable retreat during the Asian trading session on Thursday, pulling back from its multi-week high near $3,377 touched on Wednesday. This downward move marks a pause in the metal’s recent bullish momentum and reflects a confluence of fundamental and technical drivers.  Renewed strength in the US Dollar (USD), waning...

The EUR/USD currency pair has come under notable selling pressure, sliding toward the psychologically significant 1.1600 level during Thursday’s Asian session. This downward movement reflects a complex interplay of macroeconomic expectations, monetary policy speculation, and geopolitical signals, particularly from the United States and the Eurozone.  Market participants are closely watching for the upcoming Eurozone Harmonised...

The USD/JPY currency pair has experienced a significant breakout, surging sharply in Tuesday’s trading session. This move represents a decisive shift in market dynamics, marked by the US dollar overpowering the Japanese yen amid rising uncertainty surrounding the Bank of Japan’s (BOJ) management of its sovereign debt market.  The pair has pushed above a major...

The AUD/USD exchange rate slipped for the third consecutive trading day, closing near 0.6515, following a retreat from its year-to-date high of 0.6590. This decline came amid mixed macroeconomic data from China, Australia’s largest trading partner, and key inflation figures from the United States.  Despite the pullback, the technical setup suggests the pair may be...

Bitcoin’s remarkable rally took a breather this week as the BTC/USD forex pair pulled back sharply, dropping to 116,000 after peaking at a year-to-date high of 123,288. This correction, driven by technical and fundamental factors, raises the possibility of a deeper decline toward the key support level at 110,000.  Traders are now closely analyzing price...

The GBP/USD exchange rate suffered a sharp sell-off this week, plunging from a multi-week high of 1.3790 on July 1 to around 1.3390 at the time of writing. This steep decline in the British pound comes amid renewed dollar strength, driven largely by hotter-than-expected US inflation data.  The forex market is now bracing for more...

Dogecoin experiences a 5% rally amid Tesla CEO announcement of the “America Party,” as institutional investors show renewed confidence. A New Political Wave Sparks Crypto Optimism In a surprising turn of events, Dogecoin surged more than 5% in the last 24 hours, moving from $0.163 to $0.171. This spike followed the announcement of Tesla CEO...

The U.S. dollar made significant strides, jumping by 0.5% against a basket of global currencies. This surge followed the announcement of 25% tariffs on key U.S. trading partners, including Japan, South Korea, Laos, and Myanmar.  With tariffs set to take effect on August 1, the market quickly reacted, and the dollar’s performance highlighted a complex...