European stocks weakened slightly on Wednesday (October 29, 2025), after several consecutive days of record highs. The STOXX 600 index fell by around -0.3% to 576 points, while the STOXX 50 also corrected from its peak. Investors chose to hold positions while awaiting key data and policy decisions from the Federal Reserve (The Fed). The pharmaceutical sector was one of the laggards, with shares of giants like Novartis plunging by around -4.3% after underwhelming financial results. On the other hand, stocks like HSBC and Nokia actually saw a surge—HSBC rose by around 4.4% after raising its...
EUR/USD corrected near 1.0450 in the European session on Monday (1/27) after hitting a six-week high near 1.0520 on Friday. The major currency pair faced pressure as the US Dollar (USD) started the week on a positive note amid risk-averse market sentiment. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, attempted to recover from last week's losses and surged near 107.75. The US Dollar's safe-haven appeal has been boosted as US President Donald Trump's tariff concerns have returned. Trump imposed a 25% tariff on South American trading partner...
The GBP/USD pair remains under selling pressure near 1.2450 during the early European session on Monday (1/27). Renewed US Dollar (USD) demand amid safe-haven flows dragged the major lower. According to the 4-hour chart, the bullish outlook for GBP/USD is in place as the major is above the key 100-period Exponential Moving Average (EMA). The upside momentum is reinforced by the Relative Strength Index (RSI), which is above the midline around 64.70, suggesting that further upside appears favorable. On the upside, immediate resistance is seen in the 1.2500-1.2510 region, which represents the...
The USD/CHF pair traded in the positive territory near 0.9065 during the early European session. The US dollar (USD) moved higher as traders assessed the impact of US President Donald Trump's tariff plans earlier in the week. On Wednesday, the US Federal Reserve's (Fed) interest rate decision will be in focus. US President Donald Trump on Sunday imposed broad retaliatory measures against Colombia, including tariffs and sanctions, after the South American country refused to allow two military planes carrying deported migrants to land. However, the White House said on Monday that Colombia has...
Gold dipped on Monday pressured by a firmer dollar, while investors focussed on the Federal Reserve's first meeting of 2025 for more guidance on the U.S. interest rate path. Spot gold dropped 0.6% to $2,755.80 per ounce, as of 0509 GMT, after trading just below record-high levels on Friday. U.S. gold futures fell 0.7% to $2,760.70. The dollar (.DXY), gained 0.3%, making gold expensive for other currency holders. The U.S. and Colombia pulled back from the brink of a trade war, after the White House said the South American nation had agreed to accept military aircraft carrying deported...
Silver price (XAG/USD) has retraced its gains, trading around $30.30 per troy ounce during the Asian session on Monday. The non-interest-bearing metal faces challenges with the upcoming US Federal Reserve (Fed) policy decision this week. There is widespread anticipation that the Fed will maintain current interest rates, marking the first pause in the rate-cutting cycle that began in September. The uncertainty surrounding US President Donald Trump's trade and immigration policies could prompt the Federal Reserve to remain cautious about cutting rates this year. Trump's policies are perceived...