Fed keeps rates steady; two Governors voted for a 25-bps cut.Statement flags “elevated uncertainty” and moderate growth in H1.AUD/USD trades volatile near 0.6454-0.6471 range, key support lies near 0.6400.The AUD/USD plunges on Wednesday, extending … [Continue reading]
AUD/USD awaits US Federal Reserve’s decision at fresh July lows
Australian inflation rose at a slower pace in the second quarter of the year.Upbeat United States data boosted demand for the Greenback as the Fed looms.AUD/USD established a fresh July low at 0.6449 amid broad US Dollar strength.The Australian … [Continue reading]
AUD/USD: Signs of building downward momentum – UOB Group
Australian Dollar (AUD) is likely to trade in a range between 0.6500 and 0.6540 against US Dollar (USD). In the longer run, upward momentum has dissipated, signs of building downward momentum; AUD is likely to edge lower, potentially reaching 0.6480, … [Continue reading]
Gold price flat lines as traders opt to wait for more cues about Fed’s rate-cut path
Gold price seesaws between tepid gains/minor losses during the Asian session on Wednesday. A modest USD downtick and the cautious market mood lend support to the safe-haven metal. Hawkish Fed expectations and trade optimism hold back bullish traders … [Continue reading]
Australian inflation expected within RBA’s target goal
The Australian monthly Consumer Price Index is foreseen stable at 2.1%.Quarterly CPI inflation is expected to have modestly decreased in Q2.The Reserve Bank of Australia kept the OCR at 3.85% at its May meeting.The Australian Dollar is set to post … [Continue reading]
Crude Oil lurches higher after Trump gives Russia ten days to strike a deal with Ukraine
US President Donald Trump gave Russia ten days to figure out a deal with the Ukraine.If Russia doesn't play ball, Trump is threatening new sanctions on Russian Crude Oil.Secondary tariffs are on the table as well as Trump threatens to go after anyone … [Continue reading]
Ripple Price Forecast: XRP eyes 16% surge, but tapering open interest paints a grim picture
XRP rises slightly amid broad consolidation above $3.00 ahead of the Fed’s decision on interest rates.A sharp decline in derivatives market Open Interest hints at the changing market dynamics amid risk-off sentiment.XRP’s technical structure offers … [Continue reading]
AUD/USD: Likely to test 0.6500 – UOB Group
There is room for Australian Dollar (AUD) to test 0.6500 against US Dollar (USD); a sustained decline below this level is unlikely. In the longer run, upward momentum has dissipated, signs of building downward momentum; AUD is likely to edge lower, … [Continue reading]
USD/INR strengthens on upbeat US Dollar, FIIs selling in Indian markets
Indian Rupee extends its downside against the US Dollar as the former weakens due to FIIs selling in Indian markets.The US-EU tariff deal has strengthened the US Dollar.Investors await the Fed policy and a string of US economic data.The Indian Rupee … [Continue reading]
US Commerce Secretary Lutnick: Trump to impose tariffs on other nations by end of week
In a Fox News interview early Tuesday, US Commerce Secretary Howard Lutnick said that President Donald “Trump is expected to impose tariffs on other nations by end of week.”Additional quotes“The European Union (EU) to pay 15% tariff except for a few … [Continue reading]