NZD/USD remains stronger for the fourth consecutive day, trading around 0.5920 during the Asian hours on Thursday. The pair remains stronger following China’s first-quarter Gross Domestic Product figures. China’s economic change could impact the NZD … [Continue reading]
Australia unemployment rate seen at 4.3% in March, job creation to slow
Australia will publish the monthly employment report for March on Thursday at 01:30 GMT, and market participants expect a modest increase in job creation. The Australian Bureau of Statistics (ABS) is expected to announce that the country added 20K … [Continue reading]
USD/JPY steady below 160.00 amid Japan intervention risks
USD/JPY holds firm on Wednesday despite a broadly weaker US Dollar (USD). The pair remains confined within a one-month trading range, as elevated Oil prices linked to tensions in the Middle East continue to weigh on the Japanese Yen (JPY). However, … [Continue reading]
United States NAHB Housing Market Index came in at 34, below expectations (37) in April
The recent investigation by the New York Times has put the focus back on Bitcoin’s creator. Little is known about Satoshi’s true identity – whether it was one individual, a team, or even a collective –, so speculation and theories have been … [Continue reading]
India Trade Deficit Government dipped from previous $27.1B to $20.9B in March
Gold stays under bearish pressure and trades near $4,800 after having touched its highest level in a week above $4,870 earlier in the day. Given that the path to a durable US-Iran agreement remains uncertain on the back of the instability in the … [Continue reading]
Gold retreats further from four-week top amid modest USD recovery; downside seems limited
Gold (XAU/USD) extends its intraday retracement slide from a nearly four-week high, touched during the Asian session earlier this Wednesday, and touches a fresh daily low, around the $4,815 region in the last hour. Given that the path to a durable … [Continue reading]
Japan Machinery Orders (YoY) registered at 24.7% above expectations (8.5%) in February
Ethereum briefly recovered the $2,400 level on Tuesday, its highest level since February 1, following the latest developments in peace talks between the US and Iran. The US military blockade of the Strait of Hormuz and reports of a new round of … [Continue reading]
Gold surges as Iran talks hopes dent US Dollar again
Gold (XAU/USD) price surges nearly 2% on Tuesday amid growing optimism linked to the resumption of US-Iran talks, even though the US military seized Iran-linked ships as the blockade of the Strait of Hormuz persists. The XAU/USD trades at $4,835 … [Continue reading]
GBP/USD: Upside bias with limited resistance – Scotiabank
Scotiabank notes the Pound is up 0.3% versus the Dollar, trading at pre‑conflict highs as investors welcome strong demand for UK debt. Domestic data risk is light before trade and industrial production, while BoE speakers, including Gov. Bailey, pose … [Continue reading]
Gold Price Forecast: XAU/USD bulls will find resistance at the $4,850 area
Gold (XAU/USD) is showing a moderate bullish tone for the second consecutive day on Tuesday, with price action approaching the $4,800 level after bouncing from one-week lows at $4,664 on Monday. Speculation about a new round of negotiations between … [Continue reading]