The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 102.20 in the early Asian trading hours on Monday. The DXY holds positive ground amid safe-haven flows. Traders await the US ISM Services Purchasing Managers Index (PMI) report on Monday for fresh impetus. […]
West Texas Intermediate (WTI) oil price extends its losses for the second successive day, trading around $89.30 during Asian hours on Monday. Crude oil prices experienced a decline after G7 nations agreed to release 100 million barrels of crude and diesel from emergency reserves, pledging to avoid energy export restrictions following pressure from US President […]
GBP/USD inches lower after posting modest gains in the previous day, trading around 1.3240 during Asian hours on Monday. The currency pair is under downward pressure as the US Dollar (USD) gains strength ahead of the upcoming US ISM Services Purchasing Managers Index release. However, market participants have scaled back expectations for an upcoming Federal […]
The EUR/USD pair loses momentum to around 1.1245 during the early Asian session on Monday. The Euro (EUR) weakens against the US Dollar (USD) amid fears over France’s shaky fiscal trajectory. The US ISM Services Purchasing Managers Index (PMI) report is due later on Monday. French Prime Minister Sébastien Lecornu’s minority government unveiled a highly […]
The USD/CAD pair holds steady above mid-1.4200s during the Asian session on Monday, trading near its highest level since April 2025, set last week. Moreover, the supportive fundamental backdrop seems tilted in favor of bulls and backs the case for an extension of the recent well-established uptrend witnessed over the past month or so. The […]
Gold price (XAU/USD) gains momentum to near $4,160 during the early Asian trading hours on Monday. The precious metal rebounds as weaker-than-expected US Nonfarm Payrolls (NFP) data weigh on the US Dollar (USD). Traders trim bets on US Federal Reserve (Fed) rate hikes after jobs data. US NFP rose by 29K in September, according to […]
The New Zealand dollar remains subdued around $0.559, close to its lowest level since November 2025, as continued US dollar strength weighs on the currency. While softer US employment data have reduced expectations for another Federal Reserve rate hike in the near term, the dollar continues to benefit from defensive demand and persistent uncertainty across […]
The Japanese yen is holding around 157.8 per US dollar, remaining within a relatively narrow trading range as markets assess the outlook for Japanese monetary policy and await a series of economic releases. USD/JPY has traded sideways for approximately two weeks, reflecting a balance between growing expectations that the Bank of Japan could raise interest […]
Crude oil prices are easing below $91 per barrel as markets balance renewed Middle East supply risks against the decision by OPEC+ to leave production quotas unchanged next month. The latest move comes as geopolitical tensions remain elevated across the region, with developments around Yemen and the Red Sea creating additional uncertainty over crude transportation […]
European natural gas prices are rising above €76/MWh, reaching their highest level in two weeks as renewed concerns over LNG supply through the Strait of Hormuz increase the risk of tighter European energy markets. The strategic waterway remains critical to global energy flows, and continued security risks are creating uncertainty around the reliability of LNG […]