Article Category: business

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...

The Indian Rupee (INR) has weakened against the US Dollar (USD), even as investors absorbed a dovish interest rate outlook from Federal Reserve (Fed) Chair Jerome Powell during the Jackson Hole (JH) Symposium. The USD/INR pair rose to near 87.60, reflecting resilience in the greenback despite selling pressure in the broader USD markets.  At the...

The Japanese Yen (JPY) continues to face heavy selling pressure, extending its decline against the US Dollar (USD) into a second consecutive day. During the Asian trading session on Friday, the USD/JPY pair slid to a three-week low, reflecting a combination of monetary policy divergence, inflation dynamics, and heightened anticipation ahead of Federal Reserve Chair...

The EUR/USD pair continued to face selling pressure during the Asian session on Friday, slipping to around 1.1595, a decline of roughly 0.10% on the day.  This move marked a critical breach below the 1.1600 psychological level, reflecting renewed strength in the US Dollar (USD) as traders positioned themselves ahead of the Jackson Hole Symposium,...

The GBP/USD currency pair is trading with a cautious tone as investors await Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Symposium. Market participants are carefully assessing the balance between US economic resilience and signs of labor market softening, while also monitoring UK consumer confidence data.  The pair managed to hold above the...

The US Dollar Index (DXY), a widely followed measure of the greenback’s value against a basket of six major world currencies, held steady during Friday’s Asian session, trading near 98.65. The flat trading tone comes as market participants adopt a cautious stance ahead of Federal Reserve (Fed) Chair Jerome Powell’s highly anticipated speech at the...

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...

USD/CHF Faces Selling Pressure Amid Dovish Fed Bets The USD/CHF currency pair is showing signs of selling pressure on Monday, edging lower toward the 0.8060 mark amid renewed dovish bets on the Federal Reserve’s (Fed) monetary policy.  Market participants are closely watching developments in both the US economic landscape and global geopolitical affairs, which are...

The EUR/GBP cross edged lower to around 0.8630 in Monday’s early European session, reflecting a cautious market tone amid macroeconomic releases and ongoing geopolitical uncertainty. The Pound Sterling (GBP) softened against the Euro (EUR) despite a surprisingly resilient UK Gross Domestic Product (GDP) report for the second quarter (Q2).  Investors and forex traders are closely...

The US Dollar Index (DXY) remained relatively flat near 97.85 during early Asian trading hours on Monday, as market participants took a cautious stance ahead of critical developments in both geopolitical and monetary policy spheres. This article by Michael P Jones, a broker at AureliusHub, provides valuable context and detailed analysis of the topic.   The...