Silver (XAG/USD) extended its rally for a second straight day on Monday, surging to fresh four-year highs at $48.75. The precious metal has held firm above key support at $48.30 — last…
Category: Forex News
Fed’s Miran: Forward-Looking Approach Key as Inflation Expectations Remain Anchored
Federal Reserve official Stephen Miran emphasized the importance of a forward-looking approach to monetary policy, warning that reliance on outdated or backward-looking data could lead to policy missteps. Speaking on current inflation…
USD/JPY Could Dip to 146.30, But Further Downside Unlikely – UOB
Analysts at UOB Group, Quek Ser Leang and Peter Chia, suggest that while the USD/JPY pair may decline toward 146.30, the likelihood of a deeper drop below that level is low. In…
USD Eases as Markets Digest Shutdown Risks – Scotiabank
The U.S. Dollar (USD) softened slightly in early Friday trade, giving back gains after climbing on Thursday in response to an unexpected private sector employment signal. According to Scotiabank Chief FX Strategists…
USD/JPY Eyes LDP Leadership Vote; Political Uncertainty Keeps 2-Way Risk Alive – OCBC
The USD/JPY pair is trading near 147.50 ahead of Japan’s ruling Liberal Democratic Party (LDP) leadership election this Saturday, according to FX analysts Frances Cheung and Christopher Wong at OCBC. LDP Leadership…
Gold Holds Above $3,850 as U.S. Shutdown Weighs on Market Sentiment; ISM Services PMI in Focus
Gold (XAU/USD) is holding firm above the $3,850 level on Friday, showing signs of stabilization after a volatile session on Thursday that saw prices dip toward $3,838. The metal is supported by…
GBP/JPY Holds Near 198.00 as Yen Softens, UK PMI Reflects Economic Slowdown
The GBP/JPY pair is stabilizing near the 198.00 level on Friday after bouncing back from Thursday’s two-month low of 197.50, effectively ending a four-day losing streak. Yen Weakens on Soft Labor Data…
Chicago Fed’s Goolsbee: Labor Market Remains Stable, Cautions on Rate Cuts
Chicago Federal Reserve President Austan Goolsbee delivered a measured outlook in recent comments, highlighting continued stability in the U.S. labor market while urging caution on monetary policy adjustments. Goolsbee noted that current…
Canadian Dollar Underperforms on Softer Oil, But Looks Undervalued – Scotiabank
The Canadian Dollar (CAD) is holding steady on the day, though it continues to lag behind its peers, weighed down by slightly weaker crude oil prices. Still, according to Scotiabank’s Chief FX…
US Crude Inventories Climb, Hinting at Possible Oversupply – Commerzbank
Rising US crude and gasoline inventories are raising early concerns about a potential oversupply in the oil market, according to Commerzbank commodity analyst Barbara Lambrecht. Although the buildup is modest, it marks…