The Dow Jones shed another 100 points on Wednesday, easing back toward 42,000.A midweek lull in data releases and major headlines is giving equity markets a breather.US PPI inflation, Retail Sales, and UoM consumer survey results still lurk ahead … [Continue reading]
USD extending weakness as markets focus on US/Korea talks, US bias – Scotiabank
The US Dollar (USD) is weakening broadly into Wednesday’s NA session, extending Tuesday’s CPI driven-decline and retracing most of its US/China-trade related relief gains from the start of the week, Scotiabank's Chief FX Strategist Shaun Osborne … [Continue reading]
USD/JPY Price Forecast: Slides closer to 146.00 as BoJ rate hike bets overshadow trade optimism
USD/JPY attracts sellers for the second successive day amid a combination of negative factors.The BoJ rate hike bets underpin the JPY and exert pressure on spot prices amid a softer USD.The US-China trade optimism could underpin the safe-haven JPY … [Continue reading]
Gold Price Forecast: XAU/USD sellers likely in control whilst below 21-day SMA
Gold price reverses the previous rebound from weekly lows early Wednesday. The US Dollar stays defensive on inflation cooldown amid trade talks in focus.Gold price needs acceptance above the 21-day SMA for a sustained recovery.Gold price is … [Continue reading]
Silver Price Forecast: XAG/USD hovers around $33.00 amid weak US Dollar
Silver holds near $33.00, supported by soft Dollar and improved risk appetite.RSI flattens despite bullish tone, suggesting near-term indecision and possible consolidation.Break above $33.25 targets $33.68 and $34.00; drop below $32.75 may expose … [Continue reading]
Dow Jones Industrial Average misses out on bullish train on Tuesday
The Dow Jones spun a tight circle near 42,300 on Tuesday.Markets largely failed to react to US CPI inflation, which eased slightly in April.Despite a general easing in the weighted index, key goods continue to rise, and tariff impacts loom ahead.The … [Continue reading]
US Dollar faces setback with traders mulling rate cut bets after tepid CPI reading
The Greenback on the backfoot this Tuesday while the US-China trade deal euphoria quickly fades. Traders see April's US CPI release not really showing inflationary signals after Liberation Day.The US Dollar Index slips back to 101.50 after … [Continue reading]
Gold price bounces while trade euphoria quickly fades away
Gold price jumps over 0.5% on Tuesday as the US-China trade deal euphoria quickly fades. Traders become wary as no details are provided on the content of current deals with the UK and China. Traders are picking up some safe haven protection … [Continue reading]
USD/INR gathers strength ahead of US CPI data
Indian Rupee trades in negative territory in Tuesday’s early European session. Optimism from US-China trade talks underpins the US Dollar and drags the INR lower. Traders brace for the Indian and US CPI reports, due later on … [Continue reading]
Australia Westpac Consumer Confidence: 2.2% (May) vs -6%
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]