Category: Business

The AUD/USD currency pair has been demonstrating a weak bullish consolidation below the critical $0.6569 resistance level, suggesting that traders should exercise caution while planning entries and exits.  Understanding the current technical structure and the fundamental drivers behind this movement is essential for precision trading in the forex market. Nabotex Group’s broker Alex Tonoyan simplifies...

The AUD/JPY cross faced a mild decline to around 97.15 in Tuesday’s early European session, as the Japanese Yen (JPY) strengthened against the Australian Dollar (AUD) following geopolitical and economic developments. Nabotex Group’s broker Richard Miller contributed valuable insights and a full analysis of the matter in this article. The move comes after the US...

West Texas Intermediate (WTI), the U.S. crude oil benchmark, edged higher to $62.15 in early Asian trading on Tuesday. The oil market reacted positively after OPEC+ decided to moderate its production growth, signaling a cautious approach amid global supply-demand uncertainties.  Traders are now closely monitoring upcoming inventory data and geopolitical developments, which could influence WTI...

The Indian Rupee (INR) opened on a strong note against the US Dollar (USD) on Tuesday, with the USD/INR pair sliding to near 88.10. The move comes amid a broad-based weakness in the US Dollar, following soft US Nonfarm Payrolls (NFP) data that has renewed market speculation about a potential Federal Reserve (Fed) interest rate...

The EUR/GBP currency pair slipped lower during early Asian trading on Tuesday, trading near 0.8670 after two consecutive days of gains. The depreciation comes in the wake of the British Retail Consortium (BRC) Like-For-Like Retail Sales report, which revealed a 2.9% year-on-year (YoY) increase in August, surpassing market expectations of 2% and July’s 1.8% gain. ...

The NZD/USD currency pair extended its upside momentum to 0.5950 during the early Asian trading session on Tuesday. The New Zealand Dollar (NZD) strengthened against the US Dollar (USD) amid growing expectations of a Federal Reserve (Fed) jumbo rate cut.  Traders are reacting to disappointing US labor market data and preparing for upcoming inflation releases,...

The US Dollar Index (DXY) edged lower to around 97.40 during Tuesday’s early Asian session, reflecting growing market expectations of Federal Reserve (Fed) rate cuts.  The DXY, a benchmark measuring the value of the US Dollar (USD) against a basket of six major global currencies, continues to feel pressure from weaker-than-expected US economic data and...

The USD/CAD currency pair edged higher during the Asian session on Tuesday, maintaining a foothold above the 1.3800 round figure, yet the upside remains limited amid a weaker US Dollar (USD) and mixed fundamental cues.  Despite modest gains, the pair appears to lack strong bullish conviction, reflecting ongoing uncertainty in the forex market. This article...

The GBP/USD currency pair gathered notable momentum on Tuesday’s early European session, climbing to around 1.3560, the highest level since August 15.  Market participants are increasingly focused on the upcoming US Nonfarm Payrolls (NFP) Benchmark Revision, with expectations that it could have significant implications for the Federal Reserve’s (Fed) monetary policy and the direction of...

Silver (XAG/USD) has edged higher to $41.40–$41.50 during Tuesday’s Asian trading session, extending its gains for the third consecutive day. This bullish momentum is fueled by growing expectations of a US Federal Reserve (Fed) rate cut, coupled with geopolitical tensions and rising safe-haven demand.  Market participants are also closely monitoring upcoming US inflation data, including...