XAG/USD recovers from sub-$78.00 levels, trading above key moving averages and Fibonacci retracement levels with strong momentum. Silver (XAG/USD) reversed early losses during the Asian session, climbing back above the $80.00 mark after dipping below $78.00. The move halts
The currency pair climbs as Middle East tensions ease, reducing demand for the safe-haven USD ahead of key US employment data. The GBP/USD pair advanced to 1.3560 in Asian trading on Friday, supported by optimism over a potential Iran truce. Reduced geopolitical risks in t
Optimism over a potential US-Iran ceasefire weakens the USD, lifting the GBP/USD pair before key April nonfarm payrolls data. The GBP/USD pair climbed to 1.3560 in Asian trading Friday, supported by fading demand for the USD as a safe-haven asset. Reports of a potential US
The Australian dollar remains supported near 0.7200 against the USD, balancing geopolitical risks and upcoming US nonfarm payrolls data. The AUD/USD pair stabilized above the 0.7200 level during Friday’s Asian trading session, failing to extend gains despite support at tha
The Canadian Dollar holds gains against a softer US Dollar, reversing two days of losses amid improved market sentiment. USD/CAD declined to around 1.3660 during Asian trading hours on Friday, retreating from two consecutive days of gains. The move follows a broad weakenin
PBOC sets USD/CNY reference rate above Reuters estimate, signaling potential easing amid economic growth concerns. The People’s Bank of China set the USD/CNY reference rate at 6.8502, weaker than the prior day’s 6.8487 fix and above the 6.8138 Reuters estimate. The adjustm
The People’s Bank of China sets the daily reference rate above market expectations, signaling potential yuan depreciation pressure. The People’s Bank of China set the USD/CNY reference rate at 6.8502, compared with a market estimate of 6.8138. The fix allows the yuan to tr
USD/JPY pair flat lines around 157.00 The Japanese Yen has steadied following another intervention by Japanese authorities. The USD/JPY pair is currently trading around 157.00 during the early Asian session. Traders are waiting on the sidelines ahead of the
China’s central bank daily yuan reference rate influences trading within a 2% band, signaling policy intent amid market pressures. The People’s Bank of China is poised to set its USD/CNY reference rate at approximately 6.8138, a key benchmark for the yuan’s daily trading r
The currency pair climbs as geopolitical optimism offsets caution ahead of key US jobs data later today. The EUR/USD pair advanced to 1.1730 in early Asian trading, extending gains above 1.1700. Sentiment improved on reports of progress toward a US-Iran peace agreement, ea