The Australian Dollar loses ground as the US Dollar appreciates due to the rising likelihood of slower Fed rate cuts. Judo Bank Australian manufacturing activity improved in November but remained in contraction, while services activity slipped into … [Continue reading]
WTI recovers above $70.00 as Russia-Ukraine war escalates
WTI price gains momentum to near 70.25 in Friday’s Asian session. The supply worries due to the escalation of the Russia-Ukraine war lift the WTI price. US crude oil inventories built and a stronger USD might cap the WTI’s upside. … [Continue reading]
NZD/JPY Price Analysis: Pair resumed losses, remains sideways in range, neutral outlook
The cross saw a decline of 0.71% in Thursday’s session. NZD/JPY remains range-bound between 90.00 and 92.00, with selling pressure weighing. Until a decisive breakout occurs either way, the cross is set to continue sideways trading. The NZD/JPY … [Continue reading]
Gold Price Forecast: XAU/USD faces extra upside near term
Prices of Gold extended their march north to the $2,670 zone. The US Dollar maintained its bid bias amid higher US yields. XAU/USD’s immediate up-barrier now comes at $2,700/oz. Gold prices extended their climb on Thursday, supported by steady … [Continue reading]
EUR/USD stays under pressure as ECB officials support more rate cuts
EUR/USD sees more downside below 1.0500 as ECB policymakers are concerned about growing risks to Eurozone economic growth. ECB’s Villeroy supports more rate cuts as the balance of risks to inflation and growth is shifting to the downside. Investors … [Continue reading]
USD/JPY Price Forecast: Extends the range play ahead of Japan’s CPI on Friday
USD/JPY attracts fresh sellers on Thursday, though the downside remains cushioned. The BoJ rate-hike uncertainty and a positive risk tone caps gains for the safe-haven JPY. Traders also seem reluctant ahead of Fed speaks and Japan’s National Core CPI … [Continue reading]
GBP/USD trades above 1.2650, upside potential seems limited due to cautious Fed
GBP/USD holds thin gains as the US Dollar corrects downwards despite cautious Fed officials. The upside of the pair could be restrained due to safe-haven flows amid the escalated Russia-Ukraine war. A hotter UK inflation report has bolstered the BoE … [Continue reading]
Gold hits seven-day high, defies firm US Dollar
Gold extends rally to $2,650, shrugging off a rising US Dollar amid demand for safe-haven assets. Escalation in Russia-Ukraine conflict and nuclear threats from Putin contribute to the surge in Gold. Fed Governors' comments provide mixed insights on … [Continue reading]
Mexican Peso weakens amid geopolitical tensions, dovish Banxico comments
Mexican Peso erases previous gains on global geopolitical developments and dovish comments from Banxico’s Governor. Victoria Rodríguez Ceja’s dovish stance on continued rate cuts reflects efforts to manage inflation amidst economic challenges. … [Continue reading]
US Dollar touch higher on Wednesday with markets on edge over Nvidia
The US Dollar recovers further after after a volatile Tuesday. Markets are heading into risk-on ahead of the much anticipated Nvidia earnings. The US Dollar index trades up in the 106.50 area, still looking for support to bounce off … [Continue reading]