Latest news Archives

US Dollar Index hovers around 99.50 as Fed rate cut odds diminish

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after a three-day winning streak and trading around 99.60 during the European hours on Wednesday.

Oil: Novorossiysk resumes Oil shipments – ING

ICE Brent settled almost 1.2% higher last week after a Friday rally following a Ukrainian attack on the Russian port of Novorossiysk.

Gold Price Forecast: XAU/USD is looking for direction right below $4,100

Gold’s (XAU/USD) reversal from monthly highs near $4,250 hit last week has been contained above $4,040, but the precious metal is trading sideways on Monday with upside attempts capped below the $4,100 so far.

Gold sticks to gains near three-week high as Fed rate cut bets offset modest USD uptick

Gold (XAU/USD) sticks to modest intraday gains through the first half of the European session and currently trades just below a nearly three-week high touched this Tuesday.

EUR/USD: Likely to trade between 1.1595 and 1.1645 – UOB Group

The current price movements are likely part of a range-trading phase between 1.1595 and 1.1645.

EUR: European Commission autumn forecasts in focus – ING

In focus on a quiet Monday will be the European Commission’s autumn forecasts. In spring, the EC downgraded the 2025 and 2026 euro area GDP forecasts to 0.9% and 1.4% respectively, with inflation at 2.5% and 1.7%.

AUD/JPY Price Forecast: Retains positive bias above 98.50 amid fiscal expansion bets

The AUD/JPY cross extends its upside to around 98.80 during the early European session on Wednesday.

Gold drifts higher on softer US Dollar, traders await US CPI release, US-China trade talks

Gold price (XAU/USD) recovers to near $4,150 during the early European trading hours on Wednesday. The precious metal gains ground amid concerns over the impact of the US government shutdown and ongoing fears about unsustainable government debt globally.

ECB’s Vujčić: Market valuations are stretched

European Central Bank (ECB) policymaker Boris Vujčić said on Tuesday that risks are balanced around inflation, per Reuters.

Australian Dollar remains subdued as US Dollar corrects upwards

The Australian Dollar (AUD) declines against the US Dollar (USD) on Tuesday, losing its daily gains. However, the AUD/USD pair appreciated as the AUD received support from improved market sentiment amid progress on a United States (US)-Australia trade agreement.

DXY: Supported by caution – OCBC

DXY was a touch firmer this morning. Market narrative has shifted towards concerns of what the backlog of US data may reveal about the US economy but at the same time, there is also rising caution that Fed may slow pace of rate cuts.

USD/CAD drifts higher above 1.4050 as Canadian CPI inflation looms

The USD/CAD pair gathers strength to near 1.4060 during the early European trading hours on Tuesday.

EUR/JPY Price Forecast: Hovers around 176.00 after rebounding from confluence support zone

EUR/JPY halts its four-day losing streak, trading around 176.00 during the European hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bullish bias as the currency cross is positioned within the ascending channel pattern.