Category: Markets

The US Dollar Index (DXY) is treading water below 98.00 during Asian trading hours on Wednesday, reflecting a growing market consensus that the US Federal Reserve (Fed) may cut interest rates in response to weakening labor market conditions.  The DXY, which measures the value of the US Dollar (USD) against six major currencies, including the...

The USD/CAD currency pair trades firmly near 1.3850 as market participants await the release of the US Producer Price Index (PPI) data for August. The pair has maintained gains during the late Asian trading session on Wednesday, holding close to Tuesday’s high around 1.3850.  This movement comes amid the Canadian Dollar’s (CAD) underperformance versus its...

The BTC/USD pair rose above 113,200 as investors embraced a risk-on sentiment following weaker-than-expected US wholesale inflation data. By Thursday morning, Bitcoin was trading at $113,200, higher than this month’s low of $107,365. The brokers at Fletrade provide a comprehensive breakdown of this topic in this article. The rally was fueled by speculation that the...

The GBP/USD exchange rate traded in a tight range on Thursday, hovering around 1.3530, as traders positioned themselves ahead of critical monetary policy decisions from the Federal Reserve (Fed) and the Bank of England (BoE). The pair has remained within a consolidation zone for several weeks, reflecting cautious sentiment among investors who await direction from...

The EUR/USD exchange rate has shown renewed volatility in recent sessions as traders weigh incoming macroeconomic data from the United States against the highly anticipated European Central Bank (ECB) interest rate decision.  With markets adjusting expectations for the Federal Reserve (Fed) and monitoring the euro area’s inflation trajectory, the world’s most traded currency pair could...

The AUD/USD currency pair has entered a technically interesting phase, where an ascending price channel and key horizontal resistance converge near the $0.6595 level. With traders awaiting the release of the US CPI (inflation) data, the market faces a critical juncture.  The combination of fundamental drivers and chart-based confluence zones provides opportunities for both swing...

The Japanese Yen (JPY) has underperformed against a broadly weaker US Dollar (USD), extending losses amid domestic political uncertainty. Expectations that Prime Minister Shigeru Ishiba’s successor may exert pressure on the Bank of Japan (BoJ) to maintain ultra-low interest rates have weighed heavily on the currency.  At the same time, a positive risk sentiment across...

The USD/CAD currency pair is maintaining its recent gains, trading near 1.3850 as markets anticipate key US economic data later this week. The pair extended its upward momentum after registering a quarter-percent increase in the previous session, with Asian hours trading around 1.3840 on Friday.  Investors are closely monitoring the upcoming University of Michigan Consumer...

The Indian Rupee (INR) opened on a weak note against the US Dollar (USD) on Friday, with the USD/INR pair rising to near 88.50, approaching the all-time high of 88.60 recorded on Thursday.  Market participants are positioning cautiously ahead of India’s Consumer Price Index (CPI) data for August, while ongoing US-India trade tensions continue to...

The USD/CHF currency pair remains largely range-bound on Monday, showing no firm intraday directional bias and oscillating near the 0.7975 region. Despite a mild uptick in the US Dollar (USD), the pair continues to hover close to its lowest levels since July 28, reflecting underlying vulnerabilities below the psychological 0.8000 barrier.  BluSkyMint specialist Tony Harris...