Forex News

The European Central Bank (ECB) and Bank of Japan (BOJ) have been taking different approaches when it comes to their monetary policies. The ECB has been in the midst of an easing cycle, while the BOJ is showing indications that it might start hiking rates next year. These divergent policies could have significant implications for…

Feeling Lost in the Forex Market? When AUD/USD Plays Hide and Seek Have you ever felt like you were on a rollercoaster ride while trading in the forex market? That’s exactly how Monday felt for many traders as AUD/USD churned, aiming for higher ground but ultimately waffling back into the day’s opening bids near 0.6220….

Silver price trades cautiously near Friday’s low Introduction Silver price (XAG/USD) is currently trading cautiously near Friday’s low around $29.50 in thin volume conditions before the New Year on Monday. The white metal is facing pressure as the outlook of the US Dollar (USD) remains firm due to expectations that a moderate policy-easing cycle by…

EUR/USD trades lackluster slightly above 1.0400 Illiquid trading activity in the European session Monday, January 6, 2025 It seems like EUR/USD is having a slow start to the trading week, hovering slightly above the 1.0400 level. The lackluster performance can be attributed to the illiquid trading activity in the European session on Monday. Traders are…

EUR/USD Trades in a Narrow Range Amid Thin Trading EUR/USD is currently trading in a narrow range around 1.0400 in Friday’s European session. Market participants are staying on the sidelines due to the Christmas holiday, resulting in thin trading for the pair. The lack of direction is evident as the US Dollar (USD) is ticking…

Gold Price Attracts Dip-buyers in Asian Session What’s Happening with XAU/USD? Gold price (XAU/USD) attracts some dip-buyers during the Asian session on Tuesday and stalls the overnight modest pullback from a three-day top, though any meaningful appreciating move seems elusive. The US Dollar (USD) stands firm near a two-year high touched last week amid the…

GBP/USD Waffles Near 1.2550 Level as Market Sentiment Coils Market Update: On Monday, the GBP/USD currency pair wavered near the 1.2550 level, marking a third of a percent decline as market sentiment remains uncertain. The holiday trading week has kicked off with lower volumes expected as investors are preparing to take time off for the…

AUD/JPY Retraces Losses, Challenges Ahead for Australian Dollar During the early European hours on Monday, the AUD/JPY pair retraced its recent losses and was trading around the 98.00 level. However, the upside in the AUD/JPY cross may be limited as the Australian Dollar (AUD) is facing challenges ahead. RBA Likely to Cut Cash Rate The…