USD remains offered across the board as investor flows shift sharply into Asia, following a record 6% two-day surge in the Taiwan dollar (TWD) and strong gains in the Korean won (KRW), Chinese yuan, and Thai baht (THB). Markets are reassessing US … [Continue reading]
EUR/USD ticks up as US Dollar drops ahead of Fed’s verdict
EUR/USD edges up to near 1.1350 as the US Dollar faces pressure ahead of the Fed policy decision, in which it is expected to keep interest rates steady.US Treasury Bessent anticipated that new economic policies could boost economic growth to 3% next … [Continue reading]
USD/INR remains stronger following HSBC PMI data
Indian Rupee may regain its ground due to expected progress on a US-India trade agreement.USD/INR appreciates due to importer hedging demand and potential RBI dollar-buying interventions.The INR struggles due to improved crude oil prices, driven by … [Continue reading]
China’s Caixin Services PMI drops to 50.7 in April vs. 51.7 expected
China's Services Purchasing Managers' Index (PMI) declined to 50.7 in April from 51.9 in March, the latest data published by Caixin showed on Tuesday.The data missed the market forecast of 51.7 in the reported period by a wide margin.AUD/USD reaction … [Continue reading]
GBP/JPY Price Analysis: Pound holds steady near 191.00 amid mixed technical landscape
GBP/JPY trades near the 191.00 zone with little movement after Monday’s European session.Overall tone is neutral, with short-term signals diverging and long-term resistance capping upside.Support remains just below current levels, while resistance … [Continue reading]
Gold Price Forecast: XAU/USD regain the $3,300 mark, awaits more clues
XAU/USD Current price: $3,311.12The US April ISM Services PMI came in much better than expected, at 51.6.US Treasury Secretary Bessent said trade deals with different nations could be announced this week.XAU/USD recovered the $3,300 mark and could … [Continue reading]
Gold near 2.5% rally with weaker Greenback and geopolitics as drivers
Gold price rallies more than 2% on Monday with nervousness towards the Fed interest-rate decision. Geopolitical risks coming from Trump and Israel are pushing investors back into Gold.The Greenback is losing its status as safe haven in favor of … [Continue reading]
EUR/USD Forecast: Euro stabilizes between key levels to start week
EUR/USD fluctuates in a tight channel above 1.1300 on Monday.Markets turn risk-averse ahead of the US ISM Services PMI data for April.The near-term technical outlook highlights a lack of directional momentum.EUR/USD stays relatively quiet to start … [Continue reading]
Gold Price Forecast: XAU/USD holds the key support as the Fed week kicks in
Gold price sets off the Fed week on a positive note, looking at $3,300.The US Dollar returns to the red amid trade uncertainty and pre-Fed repositioning. Technically, Gold buyers defend 21-day SMA support as RSI stays bullish.Gold price is … [Continue reading]
AUD/USD gains traction to near 0.6450 as Anthony Albanese wins a second term as Australian PM
AUD/USD edges higher to near 0.6450 in Monday’s early Asian session. Albanese won a second term as Prime Minister in Federal Election results on Saturday. US NFP rose 177,000 in April, stronger than expected.The AUD/USD pair gathers … [Continue reading]