Gold drops almost 5% as the dollar rises, traders take profits after peak levels
Gold prices experienced a nearly 5% drop on Tuesday, marking the largest single-day decline in several years. This was primarily due to a sharp increase in the U.S. dollar and significant profit-taking, which interrupted the recent surge that saw prices exceed $4,300 per ounce. By midday Tuesday, gold futures were trading at $4,143.90 per troy […]
EUR/USD Prediction 21/10: Dollar Gains Strength (Video)
Created October 21, 2025 The euro is under renewed pressure after dropping below the uptrend line and the 50-day EMA. Analysts seem to be leaning towards the US dollar as concerns about a global economic slowdown intensify. Key resistance seems to sit at 1.18, while support lies between 1.15 and 1.14, both of which are […]
Pound Sterling continues to weaken against the US Dollar as tensions between the US and China lessen.
GBP Continues Decline Against USD The British pound (GBP) experienced its third consecutive day of losses against the US dollar (USD) on Tuesday, dropping to approximately 1.3370. This decline came as the US dollar gained strength, fueled by increased optimism regarding a potential trade agreement between the US and China. As of now, the US […]
US Dollar Index experiences slight declines near 98.50, attention on US-China trade tensions
The US Dollar Index (DXY), which gauges the dollar’s value against six major global currencies, was hovering around 98.60 in negative territory during Asian trading on Tuesday. This decline comes amid the ongoing US government shutdown. However, with the US-China trade tensions easing somewhat, there’s a chance the drop in DXY might hit a limit […]
Australian Dollar boosted by US-Australia essential minerals agreement
The Australian dollar (AUD) experienced a decline against the US dollar (USD) on Tuesday, giving up some earlier gains. Despite this, there was a silver lining as market sentiment improved due to advancements in the US-Australia trade agreement, leading to a strengthening of the AUD/USD pair. On Monday, US President Donald Trump and Australian Prime […]
EUR/USD stays around 1.1650 as optimism in trade boosts US Dollar
The euro (EUR) faced some pressure against the US dollar (USD) on Monday, as the dollar gained strength amid optimism about potential easing of trade tensions between the US and China. Currently, EUR/USD is holding steady above 1.1650. At the same time, the US Dollar Index (DXY), which measures the dollar’s value against six major […]
Pound Sterling strengthens against the US Dollar as UK-US inflation week begins
During European trading on Monday, the British pound (GBP) dipped to approximately 1.3415 against the US dollar (USD). This decline comes as the US dollar stabilizes, thanks to a reduction in trade tensions between the US and China. At this point, the U.S. Dollar Index (DXY), which measures the dollar against six major currencies, was […]
Australian Dollar stays robust after the PBoC’s interest rate choice.
The Australian dollar (AUD) appreciated against the US dollar (USD) on Monday, marking its second consecutive day of gains. This rise in the AUD/USD pair follows the People’s Bank of China (PBOC)’s decision to maintain its interest rates. Specifically, the one-year and five-year loan prime rates (LPR) remain unchanged at 3.00% and 3.50%, respectively. Given […]
Yen weakens as Takaichi, who favors a soft monetary policy, is likely to be Japan’s Prime Minister; Australian dollar increases.
Market Updates on Yen and Global Currency Trends The yen experienced a decline on Monday amid reports suggesting that Sanae Takaichi, a staunch supporter of fiscal and monetary stimulus, is likely to be Japan’s next prime minister after securing crucial political backing for the role. As trade tensions between China and the U.S. eased somewhat, […]
Yen weakens as Takaichi, with a soft approach, is poised to become Japan’s Prime Minister; Australian dollar rises.
TOKYO Market Update: Yen Weakens Amid Political Moves TOKYO, Oct 20 – The yen experienced a decline on Monday as Sanae Takaichi, a proponent of fiscal and monetary stimulus, looks set to become Japan’s next prime minister, having reportedly secured crucial political endorsements for the position. Investor sentiment regarding safe-haven currencies improved as trade tensions […]