NZD/USD edges higher to near 0.6025 in Wednesday’s early Asian session. Reduced RBNZ rate cut bets support the New Zealand Dollar.The Fed is expected to keep interest rates steady at its June meeting on Wednesday.The NZD/USD pair gathers … [Continue reading]
Dow Jones Industrial Average falls as Middle East tensions rise
The Dow Jones Industrial Average shed weight on Tuesday, receding below 42,500.Geopolitical tensions took center stage again as the Israel-Iran conflict accelerates.US Retail Sales took a nosedive in May, falling nearly a full percent from the … [Continue reading]
EC President von der Leyen: US trade negotiations are complex but we are advancing
European Commission President Ursula von der Leyen said on Tuesday that trade talks between the European Union (EU) and the United States (US) are complex but added that they are advancing.Key takeaways"The US and the EU have agreed on a July 9th … [Continue reading]
EUR/USD oscillates without a clear bias with US Retail Sales on focus
The Euro is trapped in a tight range around 1.1550.Risk aversion is gripping markets ahead of the US Retail Sales release.EUR/USD wavers halfway through a small triangle pattern.The EUR/USD pair is showing marginal gains but remains within the … [Continue reading]
Ueda Speech: BoJ Governor explains steady interest rate decision at the press conference
Bank of Japan (BoJ) Governor Kazuo Ueda is holding a press conference to explain the reasons behind maintaining the key interest rate at 0.5% on Tuesday. The Japanese Yen holds gains against the US Dollar, with USD/JPY trading 0.10% lower on … [Continue reading]
Ethereum Price Forecast: ETH investors resume buying amid strong ETF inflows and low exchange reserves
Ethereum price today: $2,570Ethereum exchange reserves have flipped toward accumulation, reaching an all-time low of 18.57 million ETH.Ethereum ETFs posted $583 million in weekly net inflows, their strongest performance since December.MEXC's Tracy … [Continue reading]
Gold price drops under $3,400 amid Middle East escalation
Gold price drops after spiking to $3,452 on heightened geopolitical risk in the Middle East.Iran signals openness to nuclear talks, cooling safe-haven demand for Bullion.Traders await Fed, BoJ, BoE decisions amid busy week of US economic data.Gold … [Continue reading]
USD/JPY steady as traders eye BoJ interest rate decision
USD/JPY hovers near 144.20 as traders await the Bank of Japan’s rate verdict on Tuesday.Policy divergence from the US Federal Reserve underpins the US Dollar's strength against the Yen.Any hawkish surprise from the BoJ could cap USD/JPY upside and … [Continue reading]
United States NY Empire State Manufacturing Index came in at -16 below forecasts (-5.5) in June
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Pound Sterling wobbles against US Dollar at the start of Fed-BoE monetary policy week
The Pound Sterling is broadly sideways around 1.3580 against the US Dollar ahead of Fed-BoE monetary policy announcements this week.Investors expect both central banks to hold interest rates steady.Investors remain on their toes as tensions between … [Continue reading]