The USD/JPY pair extends the rally to around 156.85 during the early Asian session on Thursday. The Japanese Yen (JPY) weakens to a two-week low against the US Dollar (USD) amid concern over Japan's fiscal health under Prime Minister Sanae Takaichi's … [Continue reading]
Forex Today: USD surges amid shutdown resolution, mixed US data
Here is what you need to know on Thursday, February 5:United States (US) ADP Employment Change report revealed that the private sector added 22K jobs in January, falling short of expectations of 48K. Meanwhile, the ISM Services Purchasing Managers’ … [Continue reading]
United States EIA Crude Oil Stocks Change below forecasts (-2M) in January 30: Actual (-3.455M)
Bitcoin rises above $76,000 following an extended decline to $72,946 the previous day as Fed-related headlines keep investors on edge. Ethereum advances toward the $2,300 hurdle amid low retail interest, with futures Open Interest falling to $26.3 … [Continue reading]
USD/INR trades cautiously as US-India trade deal improves FIIs sentiment
The Indian Rupee (INR) demonstrates strength against the US Dollar (USD) on Wednesday, with the USD/INR pair holding onto losses near 90.55.The near-term trend of the pair seems fragile as the broader outlook of the Indian Rupee has improved, … [Continue reading]
Gold: Strong rebound after sharp declines – UOB
Gold prices rebounded strongly on Tuesday, reversing previous declines. The price rose by US$285.38 (6.1%) to US$4,946.76 per troy ounce. Silver also saw a significant rebound, increasing by US$5.89 (7.4%) to US$85.16 per troy ounce. This recovery … [Continue reading]
Australian Dollar holds ground as China’s Services PMI rises in January
The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday after registering over 1% gains in the previous session. The AUD/USD pair holds ground after China's Services Purchasing Managers' Index (PMI) rose to 52.3 in January from … [Continue reading]
Canadian Dollar crimps two-day losing streak on Tuesday
• The Canadian Dollar found fresh footing on Tuesday, keeping USD/CAD bids below 1.3700.• Soft Canadian GDP data and falling oil prices weighed on the Loonie, while the Greenback recovered from Fed uncertainty.• the US House passed $1 trillion … [Continue reading]
Gold rebounds after sharp correction, eyes $5,000 resistance
Gold (XAU/USD) climbs more than 5% on Tuesday as dip buyers step back into the market following last week’s violent correction from record highs near $5,600. At the time of writing, XAU/USD is hovering near $4,980, recovering after slipping to near … [Continue reading]
Banxico: Policy rate pause expected – Rabobank
Rabobank analysts, Molly Schwartz and Christian Lawrence, anticipate that Banxico will hold the policy rate at 7.00% during the February 5 meeting. This expectation is shared unanimously among Bloomberg surveyed analysts. They also foresee two … [Continue reading]
USD: Positive outlook amid strong data – Deutsche Bank
Deutsche Bank's Macro Strategy report highlights a positive outlook for the Dollar following strong economic data. The report notes that the ISM manufacturing index unexpectedly surged, contributing to rising optimism for 2026. The Dollar Index … [Continue reading]