FX

Initial Jobless Claims in the US declined by 10,000 in the week ending January 4. US Dollar Index clings to daily gains above 109.00 after the data. There were 201,000 initial jobless claims in the week ending January 4, the weekly data published by the US Department of Labor (DOL) showed on Wednesday. This print

WTI price gains traction to near $74.15 in Wednesday’s Asian session. US crude oil inventories fell by 4.022 million barrels last week, according to the API.  Oil traders brace for the FOMC Minutes on Wednesday ahead of the US December NFP report.  West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.15

The Brent oil price fell by around 3% last year, Commerzbank’s commodity analyst Carsten Fritsch notes. OPEC oil production falls by 120k bpd in December “The year-end level of less than $75 per barrel was the lowest in four years. Since the beginning of the new year, the price has risen noticeably and yesterday reached

USD/CAD rebounds to near 1.4345 in Tuesday’s early Asian session.  Trump said the Washington Post story that he would pare back his tariff policy was wrong.  Trudeau is expected to announce stepping down as party leader before the national caucus meeting Wednesday.  The USD/CAD pair recovers some lost ground to around 1.4345 during the early

Markets are facing a surge in volatility with geopolitical headlines making waves in markets.  A Fed interest rate cut in January is mostly out of the cards at the moment.  Gold price is stuck in a pennant technical formation as pressure builds for a breakout. Gold’s price (XAU/USD) is ticking up towards $2,650 on Monday after

Gold price holds steady around $2,640 in Monday’s early Asian session. US Manufacturing PMI improved to 49.3 in December vs. 48.4 prior, stronger than expected.  Sustained geopolitical risks and a wave of purchases by central banks could lift the Gold price.  The Gold price (XAU/USD) struggles to gain ground near $2,640 during the early Asian trading hours

Gold bids cooled back below $2,650, crimping the week’s gains at the tail end. Market risk appetite recovered on Friday after US ISM data improved. Fedspeak further cooled investors concerns, Fed’s Barkin soothes market concerns. XAU/USD dipped on Friday, with Gold prices falling roughly two-thirds of a percent and dipping back below $2,650 per ounce

GBP/USD found a thin recovery on Friday, gaining roughly four-tenths of one percent and ending the first trading week of 2025 back above the 1.2400 handle. UK macroeconomic and consumer credit data broadly missed the mark early on Friday, but the low-tier figures barely registered on the needle. On the US side, US business activity

AUD/USD trades back and forth around 0.6200 with investors focusing on the US ISM Manufacturing PMI data. The Fed has signaled fewer interest rate cuts for this year. RBA policymakers need to be confident that inflation will decline as per their expectations before pivoting to interest rate cuts. The AUD/USD pair trades sideways around 0.6200

The business activity in the US manufacturing sector contracted at a softer pace than expected in December. The US Dollar Index stays in negative territory near 109.00. The business activity in the US manufacturing sector continued to contract, albeit at a softening pace in December, with the ISM Manufacturing PMI rising to 49.3 from 48.4 in November.

EUR/USD finds interim support near 1.0220; however, more downside looks likely. The Fed is expected to cut interest rates two times this year. Investors await the US ISM Manufacturing PMI and the German HICP data for December. EUR/USD finds temporary support in Friday’s North American session after diving to near 1.0220 on Thursday, the lowest level

EUR/USD fell 0.8% on the first trading day of the new year. Bearish sentiment looms large over the battered Euro. Rate differential set to widen further, analysts expect parity in 2025. EUR/USD took another leg lower to kick off the 2025 trading season, falling eight-tenths of one percent and tapping the 1.0250 level for the

USD/CAD climbs above 1.4400 as the US Dollar refreshes two-year high. The Fed is expected to follow a moderate rate-cut cycle this year. Investors await the US ISM Manufacturing PMI data for December. The USD/CAD pair rises to near 1.4420 in Thursday’s European session. The Loonie pair gains as the US Dollar (USD) dominates its

AUD/USD flat lines near 0.6185 in Thursday’s early Asian session.  A slower pace of the Fed rate cut might lift the USD against the Aussie.  A falling Chinese Yuan has led the Aussie to multi-year lows.  The AUD/USD pair trades on a flat note around 0.6185 during the early Asian session on Thursday. However, the

GBP/USD is positioned above the descending channel, suggesting a weakening bearish bias. The descending channel’s upper boundary acts as primary support near the 1.2540 level. The immediate resistance appears at its nine-day EMA at 1.2565 level. GBP/USD retraces its recent losses, trading around 1.2550 during the European hours on Tuesday. The daily chart analysis suggests

EUR/USD may depreciate further as the short-term price momentum is weaker. The initial support appears at its two-year low of 1.0332, recorded on November 22. The nine-day EMA acts as immediate resistance at the 1.0417 level. EUR/USD recovers its recent losses from the previous session, trading around 1.0410 during the European hours on Tuesday. A

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $28.96 per troy ounce, down 0.14% from the $29.00 it cost on Monday. Silver prices have increased by 21.71% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 28.96 1 Gram 0.93 The Gold/Silver ratio, which

Gold price edges lower to $2,600 in Tuesday’s early Asian session. The Fed’s cautious stance might drag the precious metal lower.  Uncertainty and geopolitical tensions could boost Gold price, a traditional safe-haven asset. The Gold price (XAU/USD) attracts some sellers to near $2,600 during the early Asian section on Tuesday. Traders await fresh catalysts, including