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The dollar index strengthened in early Tuesday trading, nearing the recovery highs from the December 6 low of 105.37. Despite Friday and Monday forming Doji candles signaling indecision, the pattern likely reflects a brief consolidation…
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Gold prices remained subdued in Asian trade on Monday, consolidating recent losses as investors stayed focused on the U.S. dollar ahead of the Federal Reserve’s final meeting of the year. Meanwhile, copper prices came under pressure due…
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Oil futures retreated from multi-week highs on Monday, weighed down by disappointing consumer spending data from China, the world’s largest oil importer. Brent crude futures declined by 32 cents, or 0.4%, to $74.17 per barrel by 1300…
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GBP/USD extended its decline on Friday, remaining in the red for the third consecutive session as a stronger dollar and unexpectedly weak UK October GDP figures weighed on the pair. The fresh weakness tested support at 1.2618 (last…
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EUR/USD – Post-ECB trading remains choppy, with the pair confined to a 50-pip range, offering little clarity on near-term direction. The European Central Bank’s 25-basis-point rate cut and dovish tone, signaling openness to further…
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USD/CHF surged to a two-week high with a 0.8% jump on Thursday morning, following an unexpected 50 basis points rate cut by the Swiss National Bank (SNB), reducing the rate from 1% to 0.50%. The move surprised markets, which had anticipated…
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Oil prices remained relatively stable on Thursday as concerns over weak demand and a larger-than-expected rise in U.S. gasoline and distillate inventories offset gains driven by additional EU sanctions threatening Russian oil supplies.…
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AUD/USD declined on Tuesday morning after the Reserve Bank of Australia (RBA) kept interest rates steady at 4.35% but adopted a softer tone compared to its previous meeting. The RBA refrained from ruling out future policy moves, reviving…
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EUR/GBP remains on the back foot on Monday, retracing further from Thursday’s spike, indicating that the near-term correction (from the 0.8260 low) may be nearing its end. The broader downtrend continues to dominate, supported by firmly…
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Gold prices edged higher in early Monday trading, opening with a $10 gap up, driven by heightened geopolitical tensions and renewed demand. Investor sentiment shifted towards safety as Syrian rebels seized the capital, Damascus, and…
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