The ADP report is expected to show the US private sector added 179K jobs in April. A tight labour market and sticky inflation support the Fed’s tight stance. The US Dollar seems to have entered a consolidative phase. On … [Continue reading]
Australian Dollar gains ground ahead of Fed interest rate decision
The Australian Dollar gains ground due to improved risk appetite ahead of the Fed decision. The Australian Industry Index indicated prevailing contractionary conditions in private business activity. The US Dollar gained after a stronger Employment … [Continue reading]
Japanese Yen awaits Fed decision before the next leg of a directional move
The Japanese Yen continues to be undermined by the divergent BoJ-Fed policy expectations. Bets that the Fed will keep rates higher for longer, lift the USD, and lend support to USD/JPY. The risk-off impulse underpins the safe-haven JPY and caps gains … [Continue reading]
Ethereum slips below key level as exchange supply drops
While a few whales are dumping ETH following its recent price decline, exchange supply data shows most investors are bullish. Hong Kong spot Bitcoin and Ethereum ETFs underperform issuers' expectations on the first day of trading. Ethereum … [Continue reading]
US Dollar sees green ahead of Fed’s decision
The two-day FOMC meeting kicks off on Tuesday with a hold priced in for Wednesday’s interest rate decision. US consumer sentiment declined in April, while Q1 Employment Cost Index increased. Hawkish bets on the Fed continue to favor the USD. The US … [Continue reading]
EUR/USD falls back on strong US Q1 Employment Cost index
EUR/USD surrenders intraday gains and drops to 1.0700 after strong US Q1 Labor Cost Index. The Eurozone's high inflation and strong Q1 GDP growth fail to provide a sustainable boost to the Euro. The US Dollar is expected to remain … [Continue reading]
Silver price today: Silver slides, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $26.61 per troy ounce, down 1.96% from the $27.14 it cost on Monday. Silver prices have increased by 4.48% since the beginning of the year. Unit measure Today … [Continue reading]
AUD/JPY depreciates after lower Aussie Retail Sales
The Australian Dollar loses ground after the release of lower-than-expected Retail Sales. The Australian Retail Sales for March took an unexpected downturn, contrasting with the anticipated rise. Market participants will closely monitor for any … [Continue reading]
Japan Retail Trade (YoY) came in at 1.2% below forecasts (2.5%) in March
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]
Gold price uptrend continues as traders anticipate upcoming Fed decision
Gold continues its three-day rally, buoyed by falling US Treasury yields and a weakening US Dollar. Recent US economic data, including underperforming GDP and stable core PCE inflation rates, increasing expectations for Fed holding rates. Attention … [Continue reading]