USD/CAD weakens to around 1.3950 in Tuesday’s early Asian session.Moody’s downgrades the US credit rating to ‘AA1’, weighing on the US Dollar.A dovish turn from the BoC has fueled speculation of a June rate cut. The USD/CAD pair softens to near … [Continue reading]
Dow Jones Industrial Average rebounds after Moody’s downgrades US debt
The Dow Jones rose on Monday, tapping the 42,800 region.Moody’s downgraded US debt late last week, sparking a brief hesitation in investor sentiment.Fedspeakers are working double duty ahead of US PMI data later this week.The Dow Jones Industrial … [Continue reading]
Pound Sterling strengthens ahead of UK CPI data
The Pound Sterling gains against its major peers on Monday ahead of a potential trade deal between the UK and the EU later in the day.Moody’s downgrade of the US Sovereign credit rating has battered the US Dollar.According to analysts, the Fed is … [Continue reading]
RBA: Will it or won’t it? – Commerzbank
Tomorrow morning, the Reserve Bank of Australia (RBA) will decide on its key interest rate. The market is pricing in a rate cut of 25 basis points to 3.85%. Hard to be sure whether this step will actually come, as some developments are likely to … [Continue reading]
Gold price retreats to the lower end of daily range; downside potential seems limited
Gold price attracts some intraday sellers following an Asian session uptick to the $3,250 area.Rising US bond yields undermine the commodity, though the downside remains cushioned.Reviving safe-haven demand, Fed rate cut bets, and a softer USD … [Continue reading]
New Zealand Producer Price Index – Output (QoQ) registered at 2.1% above expectations (0.1%) 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]
AUD/NZD price analysis: Cross struggles to hold gains amid mixed signals
AUD/NZD trades near the 1.0900 zone with minor losses on Friday.The pair maintains a bullish outlook despite mixed short-term signals.Key support is clustered below 1.0880, with resistance near 1.0920.The AUD/NZD pair is experiencing mild selling … [Continue reading]
AUD/USD steadies as traders await RBA decision
AUD/USD trades near 0.6400 with a cautious tone ahead of RBA rate decision.US consumer sentiment weakened, while inflation expectations climbed, adding to market uncertainty.Technical levels suggest support at 0.6399 and resistance near 0.6414, … [Continue reading]
Silver Price Forecast: XAG/USD slips as US yields rebound, hovers below $32.50
XAG/USD capped at $32.73 (50-day SMA), supported by 100-day SMA near $31.88 amid choppy trade.RSI flat near neutral; a break above $33.00 is needed to turn bias bullish toward $33.50–$34.51A drop below $32.00 may expose $31.65 and the 200-day SMA at … [Continue reading]
BONK price slides despite partnership with DeFi Development Corp to launch Solana validator
DeFi Development Corp announced a partnership with meme coin BONK to launch a Solana validator.DeFi Development Corp will operate the validator but will grow the stake alongside BONK and split rewards.BONK is down 4% following the … [Continue reading]