The EUR/USD pair ended October with a weak note, barely holding above a three-month low of 1.1522 posted in the last trading day of the month. The pair is down for a second consecutive week following the Federal Reserve (Fed) and European Central … [Continue reading]
USD/CAD crawls above 1.4000 favoured by a hawkish Fed, risk-off markets
The US Dollar trades higher against its Canadian counterpart for the second consecutive day on Friday, returning to levels right above the 1.4000 psychological level to retrace losses from previous days, and trading practically flat on the weekly … [Continue reading]
USD/INR gains as US Dollar trades firmly near almost three-month high
The Indian Rupee (INR) trades lower against the US Dollar (USD) after a flat opening on Friday. The USD/INR pair rises to near 88.90 as the US Dollar (USD) trades broadly firm due to receding Federal Reserve (Fed) dovish bets, and improving trade … [Continue reading]
AUD/USD remains near 0.6550 following China’s NBS PMI data
AUD/USD remains subdued for the third successive session, trading around 0.6550 during the Asian hours on Friday. The pair moves little following the release of China’s NBS Purchasing Managers’ Index (PMI) data. It is important to note that any shift … [Continue reading]
EUR/USD sinks below 1.16 as Fed’s hawkish cut and ECB hold weigh on Euro
EUR/USD retreats on Thursday as the European Central Bank (ECB) decided to hold rates unchanged, but traders, still digesting the 'hawkish' cut by the Federal Reserve (Fed) on Wednesday, kept the shared currency below the 1.1600 figure. The pair … [Continue reading]
XRP extends decline after Fed rate cut, Trump-Xi trade deal
Ripple (XRP) declines alongside crypto majors such as Bitcoin (BTC) and Ethereum (ETH), trading above $2.45 at the time of writing on Thursday. The selling pressure in the broader cryptocurrency market followed the Federal Reserve (Fed) lowering … [Continue reading]
European Central Bank expected to keep interest rates unchanged for a third straight meeting
The European Central Bank (ECB) is expected to stand pat for the third consecutive monetary policy meeting, holding the interest rate on the main refinancing operations, the marginal lending facility and the deposit facility at 2.15%, 2.4% and 2%, … [Continue reading]
Austria Producer Price Index (MoM): -0.1% (September) vs -0.3%
Gold attracts some buyers during the Asian session on Thursday and now seems to have snapped a four-day losing streak. The US Dollar struggles to capitalize on the previous day's post-FOMC gains to an over two-week high and drifts lower amid concerns … [Continue reading]
Japanese Yen weakens after BoJ leaves rates unchanged; focus shifts to post-meeting presser
The Japanese Yen (JPY) edges higher during the Asian session on Thursday, though the upside potential seems limited as traders keenly await the Bank of Japan (BoJ) policy update. Traders will look for cues about the possibility of a rate hike in … [Continue reading]
Bank of Japan expected to stand pat on interest rates, awaiting PM Takaichi’s moves
The Bank of Japan (BoJ) meets on Thursday and is expected to keep its benchmark interest rate unchanged at 0.5%, awaiting the first moves of Prime Minister Sanae Takaichi’s new cabinet.Market hopes that the BoJ will continue normalising its monetary … [Continue reading]