West Texas Intermediate (WTI) Crude Oil extended its losing streak for the third consecutive day on Friday, surrendering all the gains recorded earlier in the week. At the time of writing, WTI is trading near $62.35 per barrel, down almost 1.30% on the day, signaling continued bearish pressure on the US benchmark. This retreat comes...
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USD/CHF Clings to 0.8050 as Traders Eye Potential Fed Rate Cut Before NFP
The USD/CHF currency pair remains under pressure, trading near 0.8050 during the Asian session on Friday, as the US Dollar (USD) struggles amid growing expectations of a Federal Reserve (Fed) rate cut in September. The pair has retraced its recent gains from the previous session, reflecting a shift in market sentiment as investors weigh the...
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USD/INR Update: Pair Moves Higher as Market Awaits Key Labor Data
The Indian Rupee (INR) weakened to near 88.35 against the US Dollar (USD) at the opening of Friday trading, as investors prepared for critical US labor market data. The USD/INR pair has been trading broadly sideways above 88.00 after posting a fresh all-time high earlier this week, reflecting continued volatility in the currency markets and...
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NZD/USD Outlook: Kiwi Gains Ground Ahead of US Jobs Report
The NZD/USD currency pair has advanced to near 0.5870, as the New Zealand Dollar (NZD) continues to outperform its peers in the forex market. The pair traded 0.45% higher during European trading hours on Friday, reflecting a risk-on market sentiment that has seen investors favor high-yielding currencies amid signs of stability in the New Zealand...
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GBP/JPY Update: Retraces Below 199.50 Despite Strong UK Retail Data
The British Pound retreated from session highs near 199.70 against the Japanese Yen on Thursday, despite the release of upbeat UK Retail Sales data. The GBP/JPY currency pair initially surged following the announcement but has since lost some bullish momentum, pulling back below the 199.50 level as traders remain cautious ahead of the psychologically significant...
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Silver Outlook: XAG/USD Climbs Toward $41.00 on Strong Bullish Momentum
Silver price (XAG/USD) regained traction on Friday, rebounding toward $41.00 per troy ounce after experiencing a modest correction in the previous session. Following a decline of over 1%, the precious metal found support during European trading hours, trading around $40.80. The technical landscape for Silver remains constructive, suggesting that the bullish momentum could continue in...
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Pound Strengthens on Stronger-Than-Expected UK Retail Data
The Pound Sterling (GBP) strengthened against major currencies on Friday following the release of the United Kingdom (UK) Retail Sales data for July, which exceeded market expectations. According to the Office for National Statistics (ONS), UK Retail Sales rose 0.6% month-on-month, significantly higher than the 0.2% forecast by economists. This positive data contrasts with June’s...
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US Dollar Index Holds Steady Above 98.00 Ahead of NFP Release
The US Dollar Index (DXY) is trading with little directional momentum around 98.10 during early European hours on Friday, as investors adopt a cautious stance ahead of the release of US Nonfarm Payrolls (NFP) data for August. The DXY, which tracks the performance of the US Dollar (USD) against six major currencies, has been consolidating...
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WTI Outlook: Bears Hold Control Below 100-Day EMA Around $63.00
West Texas Intermediate (WTI) crude oil is facing renewed downside pressure, trading near $63.00 during early European trading hours on Friday. The bearish sentiment remains intact as the 100-day Exponential Moving Average (EMA) continues to act as a ceiling for prices, reinforcing the view that downward momentum may persist in the near term. Market participants...
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EUR/JPY Trading Signal: Maintaining Position Near 173.00 Ahead of GDP Figures
EUR/JPY nudges higher in Friday’s Asian session, hovering at the 173.00 level, with limited follow-through buying. Despite this, spot prices are poised to close in the green for the first time in three weeks, reflecting a positive bias in the market. Traders remain cautious, as EUR/JPY continues to trade below the one-month high reached earlier...
