The Australian Unemployment Rate is foreseen unchanged at 4% in June. Employment Change expected at 20K, down from the previous 39.7K. AUD/USD struggles to extend gains ahead of the announcement. With sentiment dominating financial markets, the … [Continue reading]
Dow Jones Industrial Average extends rate cut rally into yet another record high
Dow Jones climbs on Wednesday as Fedspeak keeps rate cut hopes pinned. Fed rate cut expectations have fully priced in a September rate cut. One last batch of US inflation figures remains before the Fed’s July rate call. The Dow Jones Industrial … [Continue reading]
EUR/USD: Rises through the low 1.09 area – Scotiabank
The Euro (EUR) is firmer versus the US Dollar (USD), rising through the low 1.09 area that had capped gains in the past few weeks to reach its highest level since March, Scotiabank’s Chief FX Strategist Shaun Osborne notes. EUR may extend gains to … [Continue reading]
Silver Price Forecast: XAG/USD edges lower to near $31.00 due to China’s concerns
Silver price depreciates due to a slowing economy in China, the world's largest manufacturing hub. The third plenum has indicated no major changes in the economic strategy of top consumer China. The non-yielding Silver struggled after Tuesday's … [Continue reading]
Japanese Yen declines as US Dollar steadies amid improved yields
The Japanese Yen loses ground as the US Dollar remains stable amid improved Treasury yields. The JPY could limit its downside as traders expect intervention by authorities. BoJ data showed that authorities entered the FX market on consecutive trading … [Continue reading]
Gold hits new all-time high as US yields tumble, buyers eye $2,500
Gold price hits an all-time high of $2,469 on growing expectations of a Fed rate cut in September. Trump’s potential election win fuels market volatility, driving investors to non-yielding assets. Lower-than-expected inflation data and Powell’s … [Continue reading]
Mexican Peso climbs on prospect of wider interest rate differential
Mexican Peso strengthens by 0.35% as traders fully price in the Fed rate cut for September. Banxico’s dovish comments and Fed Chair Powell’s balanced mandate remarks influence market sentiment. US Dollar Index (DXY) rises slightly to 104.18; US … [Continue reading]
New Zealand GDT Price Index increased to 0.4% from previous -6.9%
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]
USD/CAD: To face a deeper pullback below 1.3580 – Societe Generale
The USD/CAD pair looks poised to inch higher towards descending trend line drawn since April near 1.3755, Societe Generale FX analysts note. Inches higher towards 1.3755 “USD/CAD recently defended the trough of May near 1.3580 which is also … [Continue reading]
Algorand price sets for a rally following descending trendline breakout
Algorand price breaks above the descending trendline, suggesting a bullish move ahead. Side-lined buyers can accumulate ALGO around the $0.1382 level. A daily candlestick close below $0.1234 would invalidate the bullish thesis. Algorand (ALGO) … [Continue reading]