The Pound Sterling drops to near 1.3230 against the US Dollar as the latter gains temporary ground. Economists expect annual core PCE inflation to accelerate to 2.7%. For fresh cues on the BoE interest rate path, investors await Catherine Mann’s … [Continue reading]
USD/INR gains traction as month-end US Dollar demand drags Indian Rupee lower
The Indian Rupee attracts some sellers in Wednesday’s Asian session. The weakening in Asian peers and month-end USD demand weigh on the INR. Investors await the Fed's Waller and Bostic speeches on Wednesday for fresh impetus. The … [Continue reading]
AUD/USD holds below 0.6800 amid risk-off sentiment, eyes on Australian CPI data
AUD/USD edges lower to near 0.6790 in Wednesday’s early Asian session. Escalating geopolitical tensions might weigh on the pair, while the Fed rate cut bets might cap its downside. Investors will monitor the Australian monthly CPI report, … [Continue reading]
Gold price edges higher on Fed’s dovish tilt
Gold rises in risk-on setting, shrugging off robust US data as the US Dollar hits a 12-month low. Powell’s dovish remarks keep US Treasury yields stable, pressuring the US Dollar and boosting Gold. Focus shifts to upcoming core PCE and job data, … [Continue reading]
GBP/USD Price Forecast: Reaches new multi-year high above 1.3200
GBP/USD uptrend remains intact as long as it stays above 1.3043. If buyers reclaim 1.3298, that will expose March 2022 peak at 1.3437. A dip below 1.3200 will expose further support levels, like August 22, 1.3130 and the 1.3100 figure. The Pound … [Continue reading]
USD/JPY slides below 145.00 amid weakness in US Dollar
USD/JPY falls below 145.00 as the US Dollar remains on the backfoot. Traders remain divided over the likely size of the Fed’s September interest rate cuts. Investors doubt how much inflation in Japan will pick up this year. The USD/JPY pair falls to … [Continue reading]
Germany Gross Domestic Product w.d.a (YoY) remains at 0.3% in 2Q
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]
Australian Dollar moves sideways around seven-month highs
The Australian Dollar holds ground as the RBA is highly expected to adopt a hawkish stance regarding its policy outlook. The Aussie Dollar may advance further as RBA minutes indicated that a rate cut is unlikely soon. The US Dollar received downward … [Continue reading]
USD/JPY Price Forecast: Edges up amid rising US yields, yet remains bearish
USD/JPY stays under Ichimoku Cloud and 200-DMA at 151.22, maintaining downtrend with easing selling pressure. RSI trends upward, suggesting a potential short-term rally if USD/JPY surpasses 145.00. Resistance levels at 146.42 (Tenkan-Sen), 147.91 … [Continue reading]
XRP falls under key support as Ripple whales shed holding by 140 million tokens in seven days
Ripple whales holding 100 million XRP and higher shed 140 million tokens in seven days. XRP retail investors accumulated the coin in the same time frame. XRP slips under support at $0.60, trades at $0.5950 at the time of writing. … [Continue reading]