Gold (XAU/USD) extends its rebound on Friday as traders assess the prospects of a potential US-Iran deal. At the time of writing, XAU/USD trades around $4,583 after recovering from a two-month low of $4,366 touched on Thursday.Risk sentiment improved … [Continue reading]
Fed’s Schmid: Surging oil is weighing on spending power
Kansas City Federal Reserve (Fed) Bank President Jeffrey Schmid said during the European trading session on Friday that elevated energy prices are diminishing households’ purchasing power.Additional remarksSome evidence AI is depressing hiring but … [Continue reading]
Why Japan is fighting a billion-dollar battle at the 160 level for the Yen
The USD/JPY exchange rate at 160 represents the most dangerous level in the foreign exchange market, serving as a critical political and economic threshold where Japanese authorities have repeatedly stepped in to halt the currency's decline. Driven … [Continue reading]
AUD/USD Price Forecast: Holds above 0.7150; remains confined in two-week-old range
The AUD/USD pair struggles to capitalize on the previous day's goodish rebound from sub-0.7100 levels, or a one-week low, and oscillates in a range during the Asian session on Friday. Spot prices, however, hold above 0.7150 and seem poised to … [Continue reading]
NZD/USD Price Forecast: Breaks range, bulls target 0.5950 as RSI turns
The New Zealand Dollar advances some 0.48% on Thursday after bottoming near the 200-day Simple Moving Average (SMA) at 0.5836. Over the last two trading days, it cleared the 0.5900 milestone, supported by a hawkish hold by the Reserve Bank of New … [Continue reading]
WTI reverses gains as hopes for US-Iran agreement improve sentiment
West Texas Intermediate (WTI) crude Oil sees sharp two-way price swings on Thursday as traders track rapidly changing US-Iran developments. At the time of writing, WTI is trading little changed around $88 per barrel after hitting an intraday high of … [Continue reading]
United States Core Personal Consumption Expenditures (QoQ) came in at 4.4%, above forecasts (4.3%) in 1Q
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]
US core PCE inflation set to edge up in April as markets price in Fed rate hike by year-end
The United States (US) Bureau of Economic Analysis (BEA) will publish the Personal Consumption Expenditures (PCE) Price Index data for April on Thursday at 12:30 GMT. The PCE Price Index is closely watched by market participants because it is … [Continue reading]
New Zealand Dollar drops after NZ budget announcement
The New Zealand Dollar (NZD) drops to near 0.5883 against the US Dollar (USD) during the Asian trading session on Thursday, following the New Zealand (NZ) budget 2026 announcement. The Kiwi pair edges down even as the nations’ Debt Management Office … [Continue reading]
Yen erases the rescue as carry math wins out
The Bank of Japan (BoJ) and Ministry of Finance bought themselves three weeks of breathing room. A combined intervention effort reportedly worth more than $60 billion across late April and early May shoved USD/JPY out of the politically sensitive … [Continue reading]