The NZD/USD currency pair came under renewed pressure during early Friday’s Asian session, falling toward the 0.6050 mark as a combination of geopolitical instability, soft global risk sentiment, and macroeconomic data shaped a defensive tone among traders.  The New Zealand Dollar (NZD) slipped to around 0.6065, facing downward momentum against the US Dollar (USD) as the markets digested developments in the Middle East, trade diplomacy between China and the United States, and the latest updates in US economic indicators. Gradiopexo’s brokers explore this topic thoroughly, providing actionable insights and context. Risk-Off Sentiment Dominates Markets The overall risk-off sentiment remains the...

West Texas Intermediate (WTI), the benchmark for US crude oil, surged past the $72.00 mark during early Asian trading hours on Friday, reaching $72.05, marking a sharp 6.20% gain in just one day.  This rally reflects intensifying geopolitical tensions in the Middle East, which are stoking investor concerns about potential disruptions in global oil supply. This piece by Gradiopexo clarifies the complexities of the subject with a methodical approach. This jump represents WTI’s highest level since February, driven largely by a dramatic escalation in the Israel-Iran conflict. On Thursday evening, Israel launched airstrikes targeting Iranian nuclear sites, with Defense Minister...

The gold price (XAU/USD) surged above $3,400 per ounce, reaching as high as $3,425 during the Asian trading session on Friday. The yellow metal rose 1.15% on the day, marking its second consecutive daily gain, as geopolitical tensions in the Middle East and increasing expectations of Federal Reserve (Fed) rate cuts continue to bolster demand for safe-haven assets.  This climb places gold at a new five-month high, reinforcing its status as a store of value amid global instability. For a comprehensive understanding, the professionals at Gradiopexo explain the topic in detail here. Geopolitical Risk Boosts Safe-Haven Demand One of the...

The Japanese Yen (JPY), a traditional safe-haven currency, gave up earlier intraday gains on Friday during the Asian session, retreating sharply from a one-week high against a broadly recovering US Dollar (USD).  Despite this retreat, the bullish bias surrounding the Yen remains intact as geopolitical tensions, trade policy uncertainty, and divergent central bank expectations continue to favor the JPY over the greenback in the medium term. Gradiopexo dives deep into the key elements of this issue, offering expert insights throughout. Safe-Haven Demand Underpins the Yen The Yen’s dip follows intensified geopolitical tensions in the Middle East, where Israel launched a...

The EUR/USD exchange rate surged to a fresh multi-week high, propelled by unexpectedly soft US inflation data that renewed optimism among euro bulls. On the back of subdued consumer price index (CPI) figures, the pair rallied to an intraday peak of 1.1495, just shy of the year-to-date high of 1.1573.  This development marks a continuation of the uptrend that began in late May and reinforces the broader bullish technical structure of the pair. In this article, Gradiopexo provides a structured and insightful overview of the topic. Soft US Inflation Data Sparks Euro Rally The US Bureau of Labor Statistics (BLS)...