The British Pound extended its gains on Wednesday as the Greenback is punished by investors due to threats to the Federal Reserve’s independence and a verbal intervention by Japanese officials, boosted the Yen. The GBP/USD trades at 1.3461 up by … [Continue reading]
United States EIA Crude Oil Stocks Change came in at 3.391M, above expectations (-2.2M) in January 9
Gold resumes its ongoing recovery, quickly leaving behind Tuesday’s hiccup and hitting all-time highs around $4,640 per troy ounce on Wednesday. The move higher in the yellow metal comes in response to tepid losses in the Greenback, declining US … [Continue reading]
Pi Network Price Forecast: PI holds rebound amid improving market sentiment
Pi Network (PI) trades around $0.2100 at press time on Wednesday, steadying after a 1% bounce back from a crucial support trendline on the previous day. The rebound aligns with improving sentiment across the broader cryptocurrency market as Bitcoin … [Continue reading]
USD/JPY Price Forecast: Approaches 160.00 on Yen’s continued underperformance
The USD/JPY pair posts a fresh one-and-a-half-year high near 159.45 during the early European trading session on Wednesday. The pair strengthens as the Japanese Yen (JPY) continues to underperform across the board amid political uncertainty in Japan. … [Continue reading]
NZD/USD holds losses below 0.5750 ahead of China trade data
NZD/USD extends its losses for the second successive day, trading around 0.5730 during the Asian hours on Wednesday. The pair depreciates as the New Zealand Dollar (NZD) faces challenges following the release of domestic seasonally adjusted Building … [Continue reading]
South Korea Import Price Growth (YoY): 0.3% (December) vs previous 2.2%
EUR/USD rapidly left behind Monday’s optimism, slipping back to the mid-1.1600s amid the intense recovery in the Greenback. US inflation data remained well above the Fed’s target in December, although consumer prices lost some momentum, reinforcing … [Continue reading]
Australian Dollar Price Forecast: Some consolidation appears likely
AUD/USD appears to be pausing for air. After Monday’s rebound, the pair quickly ran out of steam and slipped back below the 0.6700 mark, with a firmer US dollar once again taking centre stage.The Aussie Dollar (AUD) came under renewed pressure on … [Continue reading]
JPY drops to weakest since July 2024 – ING
The Japanese Yen (JPY) fell 0.5% to 158.91 per US Dollar (USD), hitting its weakest level since July 2024, as speculation of a snap election under PM Takaichi triggered renewed selling, ING's FX analyst Francesco Pesole notes.US-Japan yield gap and … [Continue reading]
Gold trades with modest losses amid firmer USD; focus remains on US CPI report
Gold (XAU/USD) sticks to intraday losses through the early part of the European session on Tuesday, though the downside remains cushioned amid a supportive fundamental backdrop. The US Dollar (USD) gains some positive traction following the previous … [Continue reading]
Japanese Yen drops to fresh one-year low vs. USD amid BoJ uncertainty, election risks
The Japanese Yen (JPY) continues its relative underperformance amid speculation that Prime Minister Sanae Takaichi may soon call a snap election to take advantage of strong approval ratings. With Takaichi's popularity running high, a win would likely … [Continue reading]