The USD/CHF pair is exhibiting a slight bearish bias below the critical 0.8000 psychological level during the Asian session on Thursday. While the pair has slipped lower, the downside remains limited, as traders adopt a cautious stance ahead of the US Consumer Price Index (CPI) report, which is due later in the North American session....
USD/CAD Signal: Dollar Eyes 1.40 After Weak Canadian Jobs Data
The USD/CAD currency pair opened the week with sharp volatility, reflecting competing narratives between the US jobs market and a deeply concerning Canadian labor market slump. While Friday’s non-farm payrolls report disappointed investors with a softer-than-expected figure, it was not outright negative. By contrast, Canada posted a staggering loss of 65,500 jobs in August, a...
BTC/USD Signal: Bullish Consolidation Holds Firm Above $110K Support Zone
The BTC/USD pair has entered a phase of bullish consolidation, finding a strong footing above the $110,000 threshold. Market participants are closely watching this level, as a cluster of support between $110,000 and $111,000 appears to be underpinning the pair and offering a potential springboard for the next upside move. Logirium experts share a detailed...
AUD/USD Signal: Strong Bullish Outlook if Pair Breaks Above 0.6623
The AUD/USD exchange rate has entered a strong recovery phase, building momentum as market participants turn their focus toward the upcoming US inflation and employment data. After touching a recent high of 0.6600, the currency pair has gained sharply from last month’s low of 0.6413, showing increased bullish sentiment across global markets. The decisive factor...
EUR/USD Signal: Poised to Test YTD High Before Major Events
The EUR/USD exchange rate has surged to 1.1760, marking its highest level since July 24, as traders anticipate pivotal events from the United States and the upcoming European Central Bank (ECB) interest rate decision. The pair has gained 3.28% from its July low of 1.1390, signaling a strong bullish trend in the forex market. This...
Silver Price Outlook: XAG/USD Edges Toward $41.00 Amid Rising Fed Rate Cut Bets
The Silver price (XAG/USD) edged higher toward $41.00 during Wednesday’s Asian session, driven by expectations of a US Federal Reserve (Fed) interest rate cut, a weaker US Dollar (USD), and rising geopolitical tensions. Traders are awaiting the US August Producer Price Index (PPI) inflation data, which could provide further clarity on the Fed’s monetary policy...
Gold Gains Ground on Fed Rate Cut Bets and Safe-Haven Demand
Gold (XAU/USD) has regained positive traction after a brief overnight pullback from its record high, supported by a mix of monetary policy expectations, geopolitical risks, and safe-haven demand. As of the Asian session on Wednesday, the precious metal is attracting dip-buyers near the $3,620 area, indicating that the market sentiment remains cautiously bullish despite short-term...
USD/CHF Steadies Under 0.8000 Ahead of SNB’s Schlegel Speech and US Inflation Data
The USD/CHF currency pair continues to trade below the 0.8000 psychological level, displaying limited intraday momentum as market participants await key US inflation releases and central bank guidance. After a modest rebound from the 0.7915 area, the lowest since July 23, the pair has struggled to build on the previous day’s recovery, moving in a...
USD/INR starts the day lower amid optimism over the US-India trade deal
The Indian Rupee (INR) opened on a positive note against the US Dollar (USD) on Wednesday as the USD/INR pair corrected lower. Market sentiment was supported by growing optimism surrounding a potential US-India trade agreement, following signals from the US President and the Indian Prime Minister that both countries are working to resolve trade tensions...
GBP/USD Forecast: Key Resistance Near 1.3600 as Markets Eye US PPI Data
The GBP/USD pair shows signs of strength around 1.3540 during Wednesday’s early European session, as market participants digest expectations of a potential US Federal Reserve (Fed) interest rate adjustment. With traders anticipating a rate cut at the Fed’s September 16-17 policy meeting, the US Dollar (USD) faces downward pressure, boosting the Cable. Market focus shifts...