AUD/USD extends its gains for the third successive session, trading around 0.7040 during the Asian hours on Thursday. The pair appreciated after hotter-than-expected Australian inflation data, released on Wednesday, lifted the odds of a Reserve Bank … [Continue reading]
Federal Reserve pauses, sees economy on firm footing
At its January meeting, the Federal Reserve kept the Fed Funds Target Range (FFTR) unchanged at 3.50%–3.75%, a decision that was fully in line with market expectations.FOMC statement highlightsThe Committee acknowledged that inflation remains … [Continue reading]
US Treasury Bessent: Rates up to the Fed, Chair race still wide open
US Treasury Secretary Scott Bessent said rate decisions remain firmly in the Fed’s domain and expressed hope that policymakers would keep an open mind.Key QuotesMiran’s term could continue.It is up to the Fed on rates.I hope they will have an open … [Continue reading]
Ripple Price Forecast: XRP $2.00 breakout in focus, supported by unwavering institutional interest
Ripple (XRP) is trading at $1.92 at the time of writing on Wednesday, and consolidating above support at $1.90. Bulls have exhibited relative strength since Monday, driving XRP upward from the weekly open at $1.84.Investors are navigating a delicate … [Continue reading]
AUD/USD: Potential for further gains – UOB Group
The UOB Group report by Quek Ser Leang and Lee Sue Ann highlights that the Australian Dollar is likely to continue its upward trajectory, with potential resistance at 0.7050. The report notes that while further strength is anticipated, overbought … [Continue reading]
Australian Dollar holds losses as US Dollar rebounds ahead of Fed policy
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Wednesday after registering over 1% gains in the previous session. The AUD/USD pair depreciates as the AUD remains subdued following the release of Australia’s Consumer Price … [Continue reading]
Australia CPI set to show sticky inflation, fueling RBA hawkish bets
Australia will release the Consumer Price Index (CPI) report on Wednesday, and it is expected to show inflation rose 3.6% year over year in December, slightly above the previous reading of 3.4%. The monthly CPI is foreseen at 0.7% after posting 0% in … [Continue reading]
USD/CHF falls to lowest level since August 2011 on Greenback weakness
USD/CHF comes under heavy selling pressure on Tuesday, sliding more than 1% as broad-based weakness in the US Dollar (USD) fuels demand for the Swiss Franc (CHF). At the time of writing, the pair is trading around 0.7666, marking its lowest level … [Continue reading]
United States S&P/Case-Shiller Home Price Indices (YoY) above expectations (1.2%) in November: Actual (1.4%)
EUR/USD resumed its upward march after a brief and orderly pullback, pushing up to the 1.1930 area, its strongest level since June 2021. The pair’s advance reflects a steady loss of appetite for the US Dollar amid the broader inmprovement in market … [Continue reading]
EUR/GBP Price Forecast: Euro turns lower after rejection at the 0.8685 area
EUR/GBP eases to 0,8675 after failure to break 0.8685 highsThe pair treads water with both currencies strengthening against a weak US Dollar.Technically, failure to break the reverse trendline, at 0.8700, keeps bears in charge.The Euro is pulling … [Continue reading]