The Indian Rupee strengthens in Thursday’s early European session. Likely RBI intervention might help limit the INR’s losses. The advanced US Q4 GDP report is due later on Thursday. The Indian Rupee (INR) recovers some lost ground on Thursday … [Continue reading]
USD/CAD Price Forecast: Holds position above 1.4400 support near nine-day EMA
USD/CAD could appreciate to challenge 1.4518, its highest level since March 2020. The short-term price momentum is stronger as the pair remains above the nine- and 14-day EMAs. The immediate support is found at a psychological level of 1.4400, … [Continue reading]
Gold prices wobble as Fed maintains hawkish stance on policy
Gold prices show modest reaction to Fed's rate hold, hinting at future rate hike pauses. Fed Chair Powell adopts patient stance on policy, influenced by changing fiscal and trade environments. Investors focus on Powell's insights for future Fed … [Continue reading]
Canadian Dollar recedes after BoC cuts rates and ends QT
The Canadian Dollar lost 0.25% against the Greenback on Wednesday. The Bank of Canada cut interest rates by another 25 bps, to 3%. The BoC also announced the end of its quantitative tightening program. The Canadian Dollar shed one-quarter of one … [Continue reading]
Gold caught in range trade ahead of Fed interest rate decision
Gold stabilizes on Wednesday after a near 1% recovery the previous day. All eyes are on the Federal Reserve interest rate decision later in the day. Gold is better positioned to eke out a fresh all-time high still. Gold’s price … [Continue reading]
GBP/JPY remains below 193.50 due to hawkish mood surrounding BoJ’s policy outlook
GBP/JPY inches lower as traders expect the BoJ to deliver more rate hikes in the future. BoJ reiterated its commitment to further rate hikes if the outlook presented at the January meeting unfolds as expected. The Pound Sterling faces challenges due … [Continue reading]
USD/INR flat lines ahead of Fed rate decision
The Indian Rupee trades flat in Wednesday’s early Asian session. The concerns about Trump's tariffs and equity outflows weigh on the INR, but RBI intervention could help contain excessive losses. The Fed monetary policy meeting will be … [Continue reading]
RBNZ’s Conway: Interest rates moving toward neutral
Reserve Bank of New Zealand Chief Economist Paul Conway said late Tuesday that the interest rate will tend towards neutral in the absence of future shocks to the system as pandemic-related disruptions fade, per Reuters. Key quotes Given … [Continue reading]
Canadian Dollar coil ahead of central bank double-header
The Canadian Dollar stuck to familiar levels on Tuesday. The Bank of Canada and the Federal Reserve are both due this week. The Loonie’s rate differential is set to widen further, limiting bullish odds. The Canadian Dollar (CAD) stuck to familiar … [Continue reading]
US Dollar sees rally stall ahead of 108.00 on sluggish Durable Goods print
The US Dollar gets to keep gains but refrains from adding more. US Durable Goods fall below expectations. The US Dollar Index (DXY) hitted a fresh weekly high at 108.06 while trying to consolidate above the psychological 108.00 level. … [Continue reading]