EUR/USD Awaits ECB Policy Decision and Key US Data

EUR/USD Awaits ECB Policy Decision and Key US Data

Market Overview The EUR/USD pair is facing pressure above 1.0850 as traders await key economic events this week. The European Central Bank (ECB) is expected to announce an interest rate decision on Thursday, while crucial US economic data, including the Nonfarm...
XAU/USD Trades Below $2,350 as Geopolitical Risks Remain

XAU/USD Trades Below $2,350 as Geopolitical Risks Remain

Summary: Gold price trades softer around $2,325 in Monday’s early Asian session. The US PCE price index was not sufficient to prompt the Federal Reserve (Fed) rate cut, weighing on the yellow metal. Israeli Prime Minister begrudgingly accepted the US President’s...
Asia FX Steady as Dollar Drops, Indian Rupee Surges

Asia FX Steady as Dollar Drops, Indian Rupee Surges

Forex News – 2024-06-03 Most Asian currencies steadied on Monday, recovering some of their recent losses against the dollar. This stabilization came after inflation data met expectations, increasing the likelihood of interest rate cuts and causing significant...