EUR/JPY edges lower as Eurozone inflation, BoJ rate hike eyed
EUR/JPY trades around 182.50 on Monday at the time of writing, down 0.15% on the day, as market participants adopt a wait-and-see approach ahead of key macroeconomic releases in Europe and Japan. The release of Germany’s IFO Business Climate Index generated only a limited market reaction. The headline index rose to 88.6 in February, above […]
Silver rises amid US trade uncertainty, Iran tensions
Silver (XAG/USD) trades around $86.50 on Monday at the time of writing, up 2.35% on the day, benefiting from a marked resurgence in safe-haven demand. The white metal draws support from heightened political and trade uncertainty in the United States (US), which weighs on overall risk sentiment and on the US Dollar (USD). The US […]
US Dollar Index gains temporary ground near 97.40, outlook remains uncertain
The US Dollar (USD) claws back half of its early losses after gaining a temporary ground near 97.40 during the European trading session on Monday. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.2% lower to near 97.60. US Dollar Price Today The table […]
Falls to near 109.00 while staying above 100-day EMA, bullish bias intact
The AUD/JPY cross tumbles to near 109.05 during the early European session on Monday. Renewed trade war fears, rising geopolitical tensions in the Middle East, and uncertainty provide some support to a safe-haven currency such as the Japanese Yen (JPY) against the Aussie. On the other hand, a hawkish stance from the Reserve Bank of […]
Canadian Dollar drifts higher above 1.3650 on tariff uncertainty, higher crude oil
The USD/CAD pair drifts lower to near 1.3665 during the Asian trading hours on Monday, pressured by lower crude oil prices and US tariff uncertainty. Traders await the release of the US Producer Price Index (PPI) report for January, which is due later on Friday. The US Supreme Court struck down President Donald Trump’s sweeping […]
