Bank of Canada’s Macklem may shift CAD outlook with comments on tariffs, inflation risks, and economic momentum.The Loonie remains vulnerable with monetary policy divergence in focus.Fed projections and Powell’s tone may influence the direction of … [Continue reading]
AUD/USD is struggling to regain the 0.6500 level with risk appetite subdued
Ongoing geopolitical tensions are hurting risk appetite and limiting Aussie's upside attempts.Recent data from China cast doubts about the property sector's recovery.Later today, the Fed's monetary policy decision will set the US Dollar's … [Continue reading]
NZD/USD climbs to 0.6035 area as USD edges lower ahead of Fed rate decision
NZD/USD regains positive traction on Wednesday amid a modest USD weakness.Reduced RBNZ rate cut bets underpin the NZD and further support spot prices.Geopolitical risks and trade uncertainties might cap ahead of the Fed decision. The NZD/USD pair … [Continue reading]
NZD/USD gathers strength above 0.6000, Fed rate decision in focus
NZD/USD edges higher to near 0.6025 in Wednesday’s early Asian session. Reduced RBNZ rate cut bets support the New Zealand Dollar.The Fed is expected to keep interest rates steady at its June meeting on Wednesday.The NZD/USD pair gathers … [Continue reading]
Dow Jones Industrial Average falls as Middle East tensions rise
The Dow Jones Industrial Average shed weight on Tuesday, receding below 42,500.Geopolitical tensions took center stage again as the Israel-Iran conflict accelerates.US Retail Sales took a nosedive in May, falling nearly a full percent from the … [Continue reading]
EC President von der Leyen: US trade negotiations are complex but we are advancing
European Commission President Ursula von der Leyen said on Tuesday that trade talks between the European Union (EU) and the United States (US) are complex but added that they are advancing.Key takeaways"The US and the EU have agreed on a July 9th … [Continue reading]
EUR/USD oscillates without a clear bias with US Retail Sales on focus
The Euro is trapped in a tight range around 1.1550.Risk aversion is gripping markets ahead of the US Retail Sales release.EUR/USD wavers halfway through a small triangle pattern.The EUR/USD pair is showing marginal gains but remains within the … [Continue reading]
Ueda Speech: BoJ Governor explains steady interest rate decision at the press conference
Bank of Japan (BoJ) Governor Kazuo Ueda is holding a press conference to explain the reasons behind maintaining the key interest rate at 0.5% on Tuesday. The Japanese Yen holds gains against the US Dollar, with USD/JPY trading 0.10% lower on … [Continue reading]
Ethereum Price Forecast: ETH investors resume buying amid strong ETF inflows and low exchange reserves
Ethereum price today: $2,570Ethereum exchange reserves have flipped toward accumulation, reaching an all-time low of 18.57 million ETH.Ethereum ETFs posted $583 million in weekly net inflows, their strongest performance since December.MEXC's Tracy … [Continue reading]
Gold price drops under $3,400 amid Middle East escalation
Gold price drops after spiking to $3,452 on heightened geopolitical risk in the Middle East.Iran signals openness to nuclear talks, cooling safe-haven demand for Bullion.Traders await Fed, BoJ, BoE decisions amid busy week of US economic data.Gold … [Continue reading]