AUD/USD ticks higher to near 0.6150 as the AUD gains even though RBA dovish bets swell. The Fed is expected to deliver only one interest rate reduction this year. Investors await the US inflation and the Australian employment data for December. The … [Continue reading]
Pound Sterling extends losing spell as soaring UK yields weigh on economic outlook
The Pound Sterling faces a sharp sell-off as rising borrowing costs for the UK government could force the administration to cut public spending. Surprisingly upbeat US NFP data has forced traders to pare dovish Fed bets. Investors await the UK-US … [Continue reading]
EUR/USD tumbles to near 1.0200 on stronger US Dollar
EUR/USD loses traction to near 1.0215 in Monday’s early European session, down 0.30% on the day. The US labor market data boost the USD and act as a headwind for the pair. The ECB's dovish bets contribute to the EUR’s downside. The EUR/USD … [Continue reading]
Gold Price Forecast: XAU/USD loses ground below $2,700 amid firmer US Dollar
Gold price loses ground to around $2,690 in Monday’s early Asian session. The upbeat US job report and surging USD weigh on the Gold price. Trump's policy uncertainty and geopolitical risks might cap the downside for the precious metal. Gold … [Continue reading]
Crypto Today: Bitcoin retakes $95K, Binance lists ChainGPT, Kenya moves to legalize digital assets
The cryptocurrency market snapped its three-day losing streak on Friday, gaining 3% as it reached $3.2 trillion valuation. Bitcoin price struggled to retake the $95,000 support level as ETF outflows dampened momentum. Binance listed Chain … [Continue reading]
Gold soars unfazed by strong US jobs data ahead of CPI
Gold rebounds 0.69% despite significant US job additions, challenging Fed's rate cut path. Gold recovers from post-labor report drop as investors weigh Fed's cautious disinflation stance. Upcoming US inflation and retail sales data set to influence … [Continue reading]
Australian Dollar plunges to fresh multi-year low after upbeat US NFP data
AUD tumbles 0.73% to 0.6155 on Friday. Hotter-than-expected NFP bolsters USD demand. Fed’s hawkish tilt and trade tensions between the US and China weigh on Aussie. The Australian Dollar remains under intense selling pressure following … [Continue reading]
Mexican Peso falls to lowest level in six days, further losses expected
Mexican Peso is under pressure, falling over 1% as USD/MXN hits a six-day high at 20.74. Strong December US Nonfarm Payrolls boost dollar; Fed may hold rates longer. Banxico minutes hint at larger rate cuts, adding pressure on the Peso. The Mexican … [Continue reading]
US Dollar adds gains after NFPs figures
December’s NFP report showed better results than expected. The Federal Reserve’s easing timeline faces fresh scrutiny after Unemployment Rate falls. Higher Treasury yields and lingering inflationary pressures reinforce the Greenback’s appeal across … [Continue reading]
Silver Price Forecast: XAG/USD surges above $30.00 amid high US yields, strong USD
Silver climbs 0.80% to $30.35, outstripping concerns over U.S. inflation, Fed scrutiny. Technical hurdle at 50-day SMA of $30.42; breach could push silver to $30.80. Downside risks if silver drops below $30.00, key support at 200-day SMA, lows near … [Continue reading]