Gold rises amid US Dollar fluctuations and lower US Treasury yields. DXY's slight increase contests Gold's ascent, but bond rates boost it. Mixed US data: High Durable Goods Orders, lower Consumer Confidence sway sentiment. Gold price trades in the … [Continue reading]
New Zealand Dollar trades mixed after positive start on risk appetite
The New Zealand Dollar trades mixed after a positive start on risk appetite. Risky assets rise on hopes of central banks cutting interest rates. The RBNZ has not committed to cutting rates, however, as inflation remains high despite slow … [Continue reading]
New Zealand Dollar recovers on positive risk tone
The New Zealand Dollar rises on positive risk appetite. Risky assets rise on hopes of central banks cutting interest rates. The RBNZ has not committed to cutting rates, however, as inflation remains high despite slow growth. The New … [Continue reading]
Australian Dollar moves back and forth, China’s Xi Jinping to meet with US executives
Australian Dollar moves back to the positive zone amid tepid US Dollar. Australian equity market experiences gains; supporting the Aussie Dollar. Bloomberg survey of economists finds the consensus expectation is for the PBoC to … [Continue reading]
GBP/USD edges higher amid softer USD, upside potential seems limited
GBP/USD attracts some buyers for the second straight day, albeit lacks bullish conviction. Rising bets for an imminent interest rate cut by the BoE continue to cap gains for the GBP. The Fed’s projected three rate cuts in 2024 keep the USD on the … [Continue reading]
Bitcoin Price Outlook: Will there be another buying opportunity for BTC before halving?
Bitcoin price briefly tagged $70,000 on Monday before a quick retraction but still holds above $69,000. BTC halving is around 26 days away, likely to happen on April 20 based on Nice Hash countdown. Grayscale outflows against inflows from BlackRock … [Continue reading]
Canadian Dollar advances against the Greenback in quiet start to the week
Firmer crude oil prices provide support to the Canadian Dollar. The US Dollar sheds some ground after posting solid gains at the end of the previous week. USD/CAD is technically neutral according to the daily chart, needs to break through 1.3610/20 … [Continue reading]
USD has peaked for now, but scope for weakness may not be significant in the near term – Scotiabank
The US Dollar (USD) is tracking a little lower on the session. Economists at Scotiabank analyze Greenback’s outlook. Easter week may be a little quiet for markets USD losses are relatively limited within the core major currencies and while … [Continue reading]
EUR/GBP to extend its race higher on a break above 0.8610 – SocGen
EUR/GBP nears the 0.8600 level. Economists at Société Générale analyze the pair’s technical outlook. Last week low of 0.8530 is near-term support EUR/GBP recently defended the low of last August near 0.8490 and evolved within a small base. It has … [Continue reading]
Australian Dollar strengthens amid weaker US Dollar, awaits Aussie Consumer Confidence
Australian Dollar rises on stronger Chinese Yuan and higher ASX 200 on Monday. Australia's government has committed to backing a minimum wage increase aligned with inflation in 2024. CNY experienced a significant upward movement due to FX … [Continue reading]