European Central Bank (ECB) policymaker Fabio Panetta said on Wednesday, “signs of weakness in Eurozone economy are more persistent than anticipated.” Further comments We expected a recovery driven by consumer spending. However, that did not … [Continue reading]
Gold Price Forecast: XAU/USD bides time before the next push higher
Gold price consolidates below record highs of $2,943, awaits Fed Minutes. Trump’s tariff threats return and power safe-havens - Gold price and the US Dollar. Gold price stays bullish on the daily time frame, with fresh record highs in sight. … [Continue reading]
RBNZ expected to cut interest rate by 50 bps in February as inflation eases and economic weakness persists
The Reserve Bank of New Zealand is expected to cut its key interest rate by 50 bps to 3.75% on Wednesday. The RBNZ’s updated forecasts and Governor Orr’s words are likely to offer clues on the policy outlook. The New Zealand Dollar is set to rock on … [Continue reading]
Canadian Dollar holds steady after CPI inflation uptick
The Canadian Dollar covered little ground on Tuesday, holding flat against the Greenback. Canadian CPI inflation rose in January, with core CPI metrics climbing more than expected. The Loonie remains hampered near key technical levels as bullish … [Continue reading]
Canadian inflation surprised to the upside in January
Canada’s inflation rate advanced slightly in January, according to the latest data from Statistics Canada. The Consumer Price Index (CPI)—which measures the cost of everyday goods and services—rose by 1.9% over the last twelve months, up from … [Continue reading]
USD/JPY: Can edge below 151.00 – UOB Group
US Dollar (USD) could edge below 151.00 vs Japanese Yen (JPY), but it remains to be seen if it can maintain a foothold below this level. In the longer run, there has been a tentative buildup in downward momentum; USD must break and remain below … [Continue reading]
Silver Price Forecast: XAG/USD bulls await sustained move beyond $32.55 barrier
Silver attracts some dip-buyers on Tuesday, though it lacks follow-through. The technical setup favors bulls and supports prospects for further gains. Any corrective slide below $32.00 could be seen as a buying opportunity. Silver (XAG/USD) reverses … [Continue reading]
RBA poised to trim interest rate by 25 bps as inflation pressures ease
The Reserve Bank of Australia is expected to cut the OCR by 25 basis points. Australian core inflation eased in the final quarter of 2024 but remained above the RBA’s target. The Australian Dollar consolidates gains against its American … [Continue reading]
US Dollar continues soft as markets await catalysts
The DXY remains stuck around 106.00, looking for direction on Presidents’ Day. Fed funds futures price in 50 basis points of rate cuts for 2025 after weak Retail Sales data. Traders are eyeing global February PMI readings on Friday for potential … [Continue reading]
GBP/USD holds gains near 1.2600 in quiet US holiday trade
GBP/USD maintains last week’s gains after upbeat UK GDP data. BoE’s Catherine Mann signals dovish shift, weighing on sentiment. Traders eye UK jobs, inflation data; Fed speakers and FOMC minutes ahead. The Pound Sterling registered modest gains … [Continue reading]