The Australian Dollar (AUD) has regained some strength as the US Dollar (USD) faces pressure ahead of the Federal Reserve’s highly anticipated decision on interest rates. On Thursday, China’s stronger-than-expected trade data provided a boost to the AUD, although a disappointing Australian Trade Balance report weighed on its momentum. As […]
EUR/GBP continues to face selling pressure on Thursday morning, trading around 0.8315 as market participants prepare for the Bank of England’s (BoE) interest rate decision. The pair is under scrutiny as the UK central bank is widely expected to cut the benchmark interest rate by 25 basis points, lowering it […]
Germany’s industrial sector has shown signs of struggle, with the latest data revealing a 2.5% month-on-month (MoM) decline in industrial production for September. This marks a significant miss compared to the expected drop of just 1.0%. The results, published by Germany’s federal statistics authority Destatis on Thursday, also showed a […]
The Bank of England (BoE) is expected to implement a 25-basis-point rate cut on Thursday, November 7, 2024, as inflationary pressures in the UK continue to ease. This move marks the second rate reduction in 2024, following September’s decision to hold rates steady at 5.00%. Investors are now focused on […]
The US Dollar (USD) surged to new heights on Wednesday, fueled by market optimism surrounding Donald Trump’s presidential victory. This rally saw the USD Index achieve its largest one-day gain of the year, up over 1.5%, as the dollar outperformed its major rivals. Wall Street also saw a significant boost, […]
The Japanese Yen (JPY) has struggled to build on modest intraday gains, remaining under pressure as it grapples with market dynamics, including potential intervention by Japanese authorities and uncertain signals from the Bank of Japan (BoJ). As the currency seeks stability in a volatile global environment, several key factors are […]
Gold prices remain under significant pressure despite a slight dip in the US Dollar as the market gears up for the Federal Reserve’s upcoming policy decision. Trading around $2,650 per troy ounce on Thursday, gold (XAU/USD) has extended its losses, marking the second consecutive session in the red as safe-haven […]
The USD/INR pair gained momentum in Thursday’s early European session as the Indian Rupee (INR) weakened, influenced by a strong U.S. Dollar (USD) and rising bond yields after Donald Trump’s U.S. presidential victory. The Federal Reserve’s impending rate decision is anticipated to play a significant role in USD/INR’s near-term direction, […]
The GBP/USD pair has seen a moderate recovery, moving away from its lowest levels since mid-August as it climbs back above the 1.2900 mark during the Asian trading session. This upward momentum follows some cautious repositioning by traders ahead of critical policy announcements from the Bank of England (BoE) and […]
The Australian Dollar (AUD) saw a notable uptick after China released impressive trade balance data for October, defying market expectations. China’s trade surplus expanded significantly to $95.27 billion, well above the anticipated $75.1 billion and up from the prior month’s $81.71 billion. The unexpectedly strong 12.7% year-over-year growth in exports, […]
