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…
US Dollar Index Holds Firm Below 100.00 Ahead of Key Manufacturing Data
The US Dollar Index (DXY) is trading steady just under the 100.00 psychological mark, supported by a hawkish tone from the Federal Reserve (Fed) and optimism surrounding the US-China trade agreement. During…
USD/CAD Rises Above 1.4000 as Hawkish Fed and Risk-Off Mood Boost the Greenback
The US Dollar (USD) advanced for the second consecutive session on Friday, lifting the USD/CAD pair above the key 1.4000 level. The pair retraced earlier losses as investors favored the Greenback amid…
Pound Sterling Trades Near Six-Month Low Against Stronger US Dollar
The Pound Sterling (GBP) continued to lose ground against the US Dollar (USD) for a fourth consecutive session on Friday, hovering near a fresh six-month low of 1.3116 reached on Thursday. The…
EUR/JPY Holds Near Record High as ECB Keeps Rates Steady, Yen Weakens on Fiscal Concerns
The EUR/JPY pair traded steady around 178.30 on Friday, consolidating near Thursday’s all-time high of 178.82. The cross remains supported by a favorable interest rate differential between the Euro and the Yen,…
Reuters Poll: US Crude Oil to Average $64.83 in 2025, Slightly Above September Forecast
According to the latest Reuters poll, analysts expect United States (US) crude oil to average $64.83 per barrel in 2025, marginally higher than the $64.39 forecast in September. Similarly, Brent crude is…
Pound Sterling Holds Near Six-Month Low as Fiscal Risks Mount, US Dollar Strengthens
The Pound Sterling (GBP) extended its decline against the US Dollar (USD) for a fourth consecutive session on Friday, trading near a fresh six-month low of 1.3116 reached on Thursday. The pair…
Gold Price Forecast: XAU/USD Struggles to Hold Above $4,000 as Dollar Strengthens
Gold (XAU/USD) is facing renewed pressure after failing to sustain gains above the key $4,000 psychological mark. The precious metal’s recovery from weekly lows near $3,900 has stalled, weighed down by higher…
Commerzbank: Copper Supply Concerns Likely to Persist Despite Price Pullback
While Copper prices have retreated slightly from their recent record highs, analysts at Commerzbank believe it is still too early to expect a major correction. According to Thu Lan Nguyen, Head of…
Commerzbank: Investor Demand Drove Gold to Record Highs in Q3
Despite a sharp price correction of nearly USD 500 from its record high on October 20, Gold’s status as a safe-haven asset remains intact, according to Commerzbank commodity analyst Barbara Lambrecht. The…