Federal Reserve (Fed) Bank of Cleveland President Beth Hammack noted on Thursday that interest rates are likely on hold for the time being as inflation data starts to pose a growing problem for central policymakers. Key highlights Monetary policy … [Continue reading]
GBP: Focus on PM Starmer visit to Washington – Scotiabank
Pound Sterling (GBP) is trading marginally higher against the USD on the session but Cable remains well below yesterday’s intraday high and the lack of new factors driving UK markets this morning suggests limited scope for gains to extend, … [Continue reading]
GBP/USD Forecast: Pound Sterling holds above key technical level
GBP/USD holds above 1.2650 in the European session on Thursday. The near-term technical outlook remains bullish, while 1.2650 holds as support. US President Trump will meet with British Prime Minister Keir Starmer later in the day. GBP/USD … [Continue reading]
USD/INR jumps on month-end US Dollar demand
The Indian Rupee trades on a softer note in Thursday’s early European session. Rising US Dollar demand and continued capital outflows undermine the INR, but RBI intervention might cap its downside. The estimate of the US Q4 GDP report … [Continue reading]
Gold Price Forecast: XAU/USD holds positive ground above $2,900 amid renewed US tariff threats
Gold price posts modest gains to near $2,920 in Thursday’s early Asian session. Uncertainty and safe haven buying provide some support to Gold. A hawkish Fed might cap the upside for the Gold price. Gold price (XAU/USD) trades with … [Continue reading]
AUD/USD tumbles to near 0.6300 as US Dollar extends recovery, soft CPI
Australian Dollar declines as subdued inflation dims hopes for aggressive rate cuts, pressuring the Aussie’s recent rally. US House of Representatives passes Trump’s tax cut bill, elevating the Greenback despite uncertain tariff developments. Softer … [Continue reading]
Below 11.00, EUR/SEK can return to levels last seen in early 2023 – Rabobank
The SEK is the best performing G10 currency in the month to date, Rabobank's FX analyst Jane Foley notes. EUR/SEK hits a fresh 1 year low and bounces back "At the end of last week EUR/SEK hit a fresh 1 year low and has since been bumping along close … [Continue reading]
Gold afloat above $2,900 while US yields give way
Weak US data and tariff threats boost hopes for a Federal Reserve interest rate cut. Gold price consolidates the prior day’s losses and is looking for support on Wednesday. Market sentiment tries to snap Tuesday’s negativeness and could support … [Continue reading]
USD/CAD climbs toward 1.4350 as the US Dollar strengthens, Oil prices weaken
USD/CAD appreciates as the DXY advances toward 106.50, driven by rising US yields. Richmond Fed President Barkin emphasized the need for a cautious "wait and see" approach amid persistent policy uncertainties. The commodity-linked CAD faces headwinds … [Continue reading]
NZD/USD remains subdued near 0.5700, awaits potential updates on US tariffs on China
NZD/USD depreciates as traders adopt caution as the February consumer confidence report looms. China’s Vice Commerce Minister has met with US business leaders to discuss tariffs. The Trump administration plans to tighten chip export controls on … [Continue reading]