XAU/USD Current price: $3,290.46US President Donald Trump cooled down concerns about Fed Powell’s continuity.Hopes of easing trade tensions between the United States and China lifted the mood.XAU/USD corrected extreme overbought readings, sellers … [Continue reading]
EUR/USD Price Forecast: Stable above 1.1400, bulls may soon return
EUR/USD Current price: 1.1408Easing political and fiscal US tensions underpin the market’s mood.EU tepid business activity limits demand for the Euro on Wednesday.EUR/USD consolidates around 1.1400, needs to recover above 1.1450. The EUR/USD pair … [Continue reading]
AUD/JPY trades higher near 91.00 despite cautious remarks from Chinese Foreign Ministry
AUD/JPY gains ground as robust Australian economic data and improved global sentiment fuel demand for the Australian Dollar.China’s Foreign Ministry criticized the US approach to trade talks, stressing that meaningful progress depends on dialogue … [Continue reading]
Gold price shows signs of bullish exhaustion amid positive turnaround in risk sentiment
Gold price rebounds from the Asian session trough as the USD stalls its recovery from a multi-year low.The weakening investors’ confidence in the US economy and Fed rate cut bets weigh on the Greenback. The optimism over easing US-China tensions … [Continue reading]
Australia’s Judo Bank Manufacturing PMI declines to 51.7 in April, Services PMI eases to 51.4
The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) declined to 51.7 in April from 52.1 in March, the latest data published by Judo Bank and S&P Global showed on Wednesday.The Judo Bank Australian … [Continue reading]
Fed’s Kashkari: Can’t allow inflation expectations to get unanchored
Minneapolis Fed President Neel Kashkari warned that US tariffs act as a drag on economic growth and emphasised the central bank’s responsibility to prevent those trade measures from fuelling longer-term inflation.Key QuotesIndependent monetary policy … [Continue reading]
Eurozone Consumer Confidence came in at -16.7 below forecasts (-15.6) in April
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]
EUR/USD holds onto gains as Trump assaults Fed’s autonomy
EUR/USD sticks to gains near 1.1500 as the US Dollar has been battered by Trump’s attack on the Fed’s independence.Trump blames Fed Powell for the potential US economic slowdown.The ECB is expected to cut interest rates in June due to escalating … [Continue reading]
Japanese Yen retains its bullish bias amid tariff jitters; USD/JPY languishes near 140.00 mark
The Japanese Yen continues to attract safe-haven flows amid persistent trade-related uncertainties.BoJ rate hike bets also lend support to the JPY and weigh on the USD/JPY pair amid a weaker USD.Trump's threat to the Fed’s independence keeps the USD … [Continue reading]
USD/CAD remains on the defensive below 1.3850 amid Fed independence fears
USD/CAD remains under pressure around 1.3835 in Tuesday’s early Asian session. Concerns about the Fed’s independence and US economic slowdown drag the US Dollar lower. Lower crude oil prices might weigh on the Loonie and cap the pair’s … [Continue reading]