USD/JPY recovers after hitting a four-day low, as Tehran’s non-retaliatory stance calms market fears. Consolidation near 155.00 under scrutiny, with Japanese officials wary of excessive forex volatility. Technical levels to watch: support at … [Continue reading]
Mexican Peso struggles amid geopolitical tensions despite recording solid Retail Sales
Mexican Peso dips to six-month low, reacting sharply to the geopolitical conflict between Israel and Iran. Retail Sales in Mexico show improvement, offering some support and reducing losses in USD/MXN from earlier peaks. Banxico Deputy Governor Galia … [Continue reading]
Silver Price Forecast: XAG/USD falls after early gains from $29, near-term outlook remains firm
Silver price retreats from day’s high amid no signs of retaliation from Iran after limited airstrike from Israel. Fed’s hawkish guidance fails to prompt US bond yields. Fed Williams is comfortable with more rate hikes if inflation remains … [Continue reading]
Pound Sterling finds support, though risk-off mood keeps downside bias intact
The Pound Sterling finds cushion near 1.2400 after mixed UK Retail Sales data for March. Geopolitical fears and a strong outlook for the US Dollar support the downside in the GBP/USD pair. Fed's Bostic said he is comfortable with interest rates … [Continue reading]
Gold Price Forecast: XAU/USD rises above $2,410 after reports of Israeli attack on Iran
Gold price rises as risk aversion intensifies following reports of Israeli missiles striking a site in Iran. Iran’s Fars News Agency reported explosions at the central Isfahan airport. The gains in the US Dollar could limit the advance of the Gold … [Continue reading]
Gold price edges higher on risk-off mood hawkish Fed signals
Gold remains lifted by geopolitical risks amid sharp rise in US Treasury yields. Federal Reserve officials emphasize ongoing inflation concerns, hinting at maintaining higher interest rates for longer. Strong US labor market data reinforces robust … [Continue reading]
Dow Jones pares earlier gains with US yields bouncing up on hawkish Fed
Dow Jones index advances on more favorable risk environment. US equity markets remain positive despite strong macroeconomic data, hawkish comments from Fed’s Williams. Broader Dow Jones trend remains negative, on corrective reversal from March … [Continue reading]
Russia Central Bank Reserves $ up to $600.7B from previous $598.3B
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]
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
The SEC vs. Ripple potential showdown at the Supreme Court is likely, says former SEC litigator Ladan Stewart. XRP Ledger calls developers, businesses and investors to build on the blockchain, extending Apex 2024 registration until April … [Continue reading]
Australian Dollar rises to a major level amid mixed labor data, tepid US Dollar
Australian Dollar appreciates as the ASX 200 Index continues to gain ground on Thursday. Australia’s Employment Change came in at -6.6K and the Unemployment Rate increased by 3.8% in March. US President Joe Biden calls for tripling the existing 7.5% … [Continue reading]