The US Dollar has surged against the Japanese Yen this week, with USD/JPY climbing over 500 pips to approach the 153.00 mark — its highest level since January. This sharp move comes…
Silver Price Forecast: XAG/USD Surges to 14-Year High Above $48.50 on Fed Cut Bets and US Government Shutdown
Silver (XAG/USD) continued its impressive rally, climbing to a fresh 14-year high of $48.59 during Monday’s Asian session. The non-yielding precious metal is drawing strong buying interest amid heightened macroeconomic uncertainty in…
USD/CAD Stays Pressured Near 1.3950 as Rising Oil Prices Support the Canadian Dollar
The USD/CAD pair remains under pressure for a second straight session, trading near 1.3950 during early Asian hours on Monday. The pair struggles to gain traction as the Canadian Dollar (CAD) strengthens…
WTI Rises Above $61.50 as OPEC+ Opts for Modest Output Hike
West Texas Intermediate (WTI) crude oil climbed to around $61.55 during Monday’s Asian session, supported by a smaller-than-expected output increase from OPEC+ and ongoing geopolitical tensions in Eastern Europe. OPEC+ Output Increase…
NZD/USD Holds Above 0.5800 as US Shutdown Weighs on Dollar
The NZD/USD pair remains supported above the 0.5800 mark, trading near 0.5825 during Monday’s early Asian session. The New Zealand Dollar (NZD) is gaining ground as the US Dollar (USD) struggles under…
OPEC+ Agrees to Modest Output Hike of 137,000 Barrels Per Day for November
OPEC+, the alliance of the Organization of the Petroleum Exporting Countries and its partners, has agreed to increase oil production by 137,000 barrels per day (bpd) in November, according to an official…
EUR/USD Holds Below 1.1700 as Fed Rate Cut Bets Cap Dollar Strength
The EUR/USD pair is trading slightly lower around 1.1720 during Monday’s early Asian session, extending its pullback from last week’s highs. Despite the downside pressure, losses appear limited as US Dollar (USD)…
GBP/USD Struggles Below Mid-1.3400s as Stronger Dollar Weighs
GBP/USD opened the new trading week with a bearish gap, slipping below the mid-1.3400s on Monday, as the US Dollar (USD) sees renewed strength across the board. Despite Friday’s gains, the pair…
Breaking: Gold Surges to Record High Above $3,900 Amid Prolonged US Government Shutdown
Gold (XAU/USD) extended its rally into the early Asian session on Monday, climbing to a fresh all-time high around $3,920, driven by mounting concerns over a continued US government shutdown and rising…
Pound Sterling Slips Against US Dollar Despite Ongoing US Government Shutdown
The Pound Sterling (GBP) weakened against the US Dollar (USD) on Monday, trading near 1.3420 during the European session, down 0.4% on the day. Despite mounting economic risks from the ongoing US…