The Euro has eased to just above the 1.1500 level after facing resistance at 1.1530, as investors adopt a cautious stance and the US Dollar remains supported amid fading expectations of Federal…
Category: Forex News
Spot Gold slips as China scraps VAT rebate on gold sales – ING
Spot Gold prices came under renewed pressure after China announced the removal of a key value-added tax (VAT) rebate for gold retailers, a move that raises the overall cost of the metal…
USD/INR holds firm near two-week high as Fed’s hawkish tilt supports the Dollar
The Indian Rupee (INR) opened the week on a soft note, trading around 88.95 per US Dollar on Monday — close to a two-week low — as the Greenback extended its rally…
USD/CAD: Signs of Progress, but Sustainable CAD Strength Still Distant – Commerzbank
According to Commerzbank FX analyst Michael Pfister, there are renewed signs of progress in Canada’s relations with the United States, though a meaningful recovery in the Canadian Dollar (CAD) remains unlikely in…
Oil: OPEC+ Signals Pause in Supply Increases – ING
OPEC+ confirmed on Sunday a modest oil supply increase of 137,000 barrels per day (bpd) for December, in line with expectations. However, the key takeaway from the meeting was the group’s decision…
AUD/USD Climbs Toward 0.6550 Ahead of RBA Policy Decision
The AUD/USD pair edges higher in European trading on Monday, rising around 0.11% to 0.6555, as the Australian Dollar (AUD) outperforms most major peers ahead of the Reserve Bank of Australia’s (RBA)…
Gold Struggles to Extend Gains as Fed’s Hawkish Tilt Supports US Dollar
Gold (XAU/USD) holds modest intraday gains during early European trading on Monday but remains capped below the $4,050 level amid mixed market cues. The precious metal draws some safe-haven support after US…
EUR/USD Holds Near Three-Month Lows as US Dollar Stays Firm
The Euro is stabilizing against a strong US Dollar (USD) on Monday but remains under pressure near key support levels. The pair trades around 1.1530 in early European hours, just above a…
China: Trade Tensions Likely Weighed on October Growth – Standard Chartered
Standard Chartered economists report that renewed trade frictions and slowing domestic demand likely constrained China’s economic momentum in October, with several key indicators showing signs of softening. The official manufacturing PMI slipped…
EUR: Volatility Continues to Collapse – ING
According to ING’s Head of FX Strategy, Chris Turner, traded volatility in the EUR/USD pair continues to decline, reflecting a lack of conviction among investors as market positioning turns increasingly passive. Turner…