USD/CHF extends its losses for the third consecutive day, trading around 0.8220 during Asian hours on Friday. The pair is experiencing downward pressure as the US Dollar (USD) weakens on reduced safe-haven demand, driven by optimism around US-led diplomatic efforts. Easing tensions in the Middle East have helped temper fears over oil supply disruptions and […]
The EUR/USD pair trades in positive territory around 1.1190 during the early European trading hours on Friday. A hawkish pause from the European Central Bank (ECB) provides some support to the Euro (EUR) against the US Dollar (USD). Traders brace for the preliminary readings of Q3 Gross Domestic Product (GDP) from Germany and the Eurozone […]
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – retreats after touching a fresh high since May 19, around the $104.00 mark during the Asian session on Friday, though the downside seems limited. The commodity currently trades above the $102.00 round figure, still up for the third straight day, as supply disruption […]
The Indian Rupee (INR) remains under pressure against the US Dollar (USD), as oil prices continue to boil due to Middle East risks. In the opening trade on Friday, the USD/INR pair is slightly higher to near 95.25, closer to its over two-week high of 95.38 posted the previous day. In early trading on Friday, […]
The GBP/USD pair trades in positive territory around 1.3380 during the early European trading hours on Friday. The British Pound (GBP) strengthens against the US Dollar (USD), while markets digest the UK Autumn Budget and look ahead to upcoming Bank of England (BoE) decisions. The United Kingdom (UK) set out a target date for defense […]
The New Zealand Dollar (NZD) extends its recovery to near 0.5640 against the US Dollar (USD) during the European trade on Friday. The Kiwi pair started rebounding after a mayhem on Wednesday, caused by Reserve Bank of New Zealand’s (RBNZ) unexpected decision to hold the Official Cash Rate (OCR) steady at 2.75%. The RBNZ left […]
Silver (XAG/USD) extends its descending trend for the third straight day, hitting a fresh low since November 2025 during the Asian session on Friday. The white metal, however, recovers slightly from the $51.00 neighborhood and currently trades near the $51.50-$51.55 region, still down around 1.25% for the day. From a technical perspective, the decline witnessed […]
The EUR/USD pair builds on the previous day’s goodish rebound from the 1.1100 neighborhood, or a fresh low since May 2025, gaining positive traction for the third straight day on Friday. The momentum lifts spot prices further beyond the 1.1200 mark during the Asian session and is supported by a combination of factors. The shared […]
USD/CAD loses ground for the third consecutive day, trading around 1.3970 during Asian hours on Friday. The pair depreciates despite renewed Middle East diplomatic efforts easing pressure on oil markets, placing downward pressure on the commodity-linked Canadian Dollar (CAD). Crude oil prices held steady following a Wall Street Journal report disclosing that US Vice President […]
The British Pound (GBP) remains almost stable against the Japanese Yen (JPY) at around 210.80 after the Bank of Japan’s (BoJ) monetary policy announcement. The BoJ has left interest rates steady at 1.25%, with an 8-1 majority. BoJ board member Hajime Takata dissented the decision and voted in favor of a rate hike by 25 […]