59 of 105 economists polled by Reuters said that they expect the Federal Reserve (Fed) to resume cutting interest rates in the next quarter, likely in September.More than 60% of polled economists also said that they see the Fed lowering the policy … [Continue reading]
EUR: Bull trade needs feeding – ING
Traded EUR/USD volatility levels are a little softer as spot continues to sit well within range confines, ING's FX analyst Chris Turner notes.EUR/USD is staying in the 1.1370-1.1430 range today"It costs investors around 2.5% per annum to sit with a … [Continue reading]
Indonesia Foreign Reserves remains unchanged at $152.5 in May
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]
USD/CAD holds steady near 1.3700, US-China trade talks in focus
USD/CAD trades flat around 1.3700 in Tuesday’s early Asian session. US and China will continue trade talks into a second day. Easing trade tensions and upbeat US May employment data could support the US Dollar. The USD/CAD pair trades on a … [Continue reading]
Mexican Peso extends gains as US-China trade talks boost sentiment
The Mexican Peso extends its advance against the US Dollar, marking a fourth consecutive day of gains.US-China trade talks commence in London, lifting demand for emerging market currencies.USD/MXN suffers its fourth day of losses as prices move … [Continue reading]
Gold prices rise, stabilising above $3,300 ahead of US-China trade talks
Gold prices find temporary support above $3,300 with triangle and Moving Average support at Gold and safe-havens wait for further confirmation ahead of US-Chinal trade talks in LondonGold prices rise above $3,300 with resistance at $3,350.Gold prices … [Continue reading]
Bitcoin Price Forecast: BTC risks fallout from $105,000 as markets focus on fresh US-China trade talks
Bitcoin hovers below $106,000 as markets turn cautious ahead of a second round of trade talks between China and the US.Top companies, such as Strategy, Metaplanet, and The Blockchain Group, have recently announced plans to add BTC to their … [Continue reading]
Japan’s Ishiba: Economy is shifting to a phase where interest rates rise as a trend
Japanese Prime Minister Shigeru Ishiba said on Monday that Japan must be aware that rising interest rates would push up the government’s debt-financing costs and affect its spending plans, per Reuters. Key quotesJapan has experienced low … [Continue reading]
Gold Price Forecast: XAU/USD holds steady near $3,300 as traders brace for US-China trade talks
Gold price trades flat around $3,310 in Monday’s early Asian session. US NFP increased by 139,000 in May, more than expected; Unemployment Rate held steady at 4.2%. The US-China trade talks will be the highlight later on Monday.The Gold … [Continue reading]
China Foreign Exchange Reserves (MoM): $3.285T (May) vs $3.282T
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]