The first supposed ‘rate check’ took place in European trading on Friday and then there was another late on in US trading. Although on the latter, the dollar was already crumbling across the board so USD/JPY traders also took that as a sign to abandon long positions. The nerves are continuing to Asia trading today with the pair opening…
The EUR/USD pair is up 0.36% to near 1.1900 during the Asian trading session on Monday. The major currency pair strengthens as the US Dollar (USD) extends last week’s decline amid caution ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major…
Bitcoin has been in selloff mode again, but bulls could have an opportunity to charge as price tests the bottom of an ascending channel on the 4-hour chart. Or will we see a break lower and further downside for BTC/USD? Better keep close tabs on these inflection points! Bitcoin (BTC/USD) 4-hour Chart by TradingView The crypto mood has soured…
USD/JPY is down 167 pips to the lows of the day. It’s been volatile trading so far today as the pair initially traded near these levels befoer bouncing by more than 100 pips. In the past two hours though, it began trending lower and has now taken out the lows. The drop today takes the pair through a December…
The USD/CAD pair loses ground to around 1.3685 during the early Asian session on Monday. The pair touches its weakest since December 30, 2025, as the US Dollar (USD) posts broad-based declines, and data showed that Canadian Retail Sales rose in November. Traders will keep an eye on the US November Durable Goods Orders report, which will be released later…
It’s a banner moment for the gold bugs as it hits $5000 per ounce for the first time. It’s a monster rally since August and includes a 17% rally so far this year. Despite how impressive that is, it pales in comparison to silver, which is up 48% year-to-date. It’s all great news if you’re long precious metals or…
Japan Prime Minister Sanae Takaichi said that the government will take necessary steps against speculative and abnormal market moves, Bloomberg reported on Sunday. However, she didn’t specify which market her remarks were referring to. The comments followed a dramatic reversal in the yen late on Friday after traders reported that the Federal Reserve Bank of New York had contacted…
With all the drama in the United States and Japan at the moment, some massive moves in China are flying under the radar. President Xi Jinping undertook a massive purge of the military. Gen. Zhang Youxia was accused of leaking nuclear-weapons data to the US and accepting bribes for promotions, including of a defense minister, according to the WSJ….
Silver (XAG/USD) prices reached the $100.00 milestone on Friday, recording an all-time high of $100.39 before retreating towards the triple-digit figure. The grey metal is posting daily gains of over 4% after bouncing off daily lows of $96.04. Even though geopolitical risk diminished following the de-escalation of the US-European Union trade war, the US Dollar (USD) faces headwinds, continuing…
The Fed meets Wednesday in a week where Powell’s succession uncertainty matters more than the rate decision itself, with gold at all-time highs pricing political risk.
