Silver prices break technical psychological resistance at $35.00, pushing prices to their highest level since February 2012.Interest rate expectations and the direction of the US Dollar help drive Silver prices.Safe-haven demand continues to rise as … [Continue reading]
European Central Bank set to trim interest rates as markets look for clues about further cuts
The European Central Bank is set to deliver another 25 bps cut to key rates on Thursday.The ECB’s updated staff projections and President Christine Lagarde’s presser will be closely scrutinized.The EUR/USD pair could move sharply depending on the ECB … [Continue reading]
EUR/GBP holds steady below 0.8450 ahead of ECB rate decision
EUR/GBP steadies around 0.8420 in Thursday’s early European session.The ECB is expected to trim interest rates by 25 bps on Thursday, bringing its deposit facility rate to 2.0%.The UK is temporarily spared from Trump's 50% steel tariffs. The … [Continue reading]
Australian Dollar holds ground following Trade Balance, China Services PMI data
The Australian Dollar maintains its position despite a decline in Australia’s trade surplus.China’s Caixin Services PMI came at 51.1 in May, improving from 50.7 in April.The US Dollar continues to struggle after the weaker economic data released on … [Continue reading]
K Wave Media set to raise $500 million for Bitcoin treasury amid Standard Chartered’s warning
Nasdaq-listed K Wave Media plans to raise $500 million from a securities offering to buy Bitcoin.The company stated that it aims to become the "Metaplanet of Korea" by replicating the Japanese firm's Bitcoin model.Standard Chartered's Geoffrey … [Continue reading]
USD/CAD weakens as BoC holds rates, US data disappoints
USD/CAD trades below 1.3700 after the Bank of Canada leaves rates unchanged at 2.75%.The Canadian Dollar is supported by the BoC’s cautious stance and strong Q1 growth.The US Dollar weakens as ADP jobs data and ISM Services PMI fall short of … [Continue reading]
EUR/USD Price Forecast: Cautious buying ahead of first-tier data
EUR/USD Current price: 1.1401The Hamburg Commercial Bank upwardly revised the Eurozone May Composite PMI.The US May ADP Employment Change report came in much worse than anticipated.EUR/USD aims higher, yet lacks directional momentum in the near term. … [Continue reading]
Why is the ECB set to cut interest rates again and what does that mean
The European Central Bank (ECB) is widely expected to cut interest rates on Thursday. If it does so, it would be the seventh consecutive cut – the eighth since the central bank started the current easing cycle in June last year – and a key step … [Continue reading]
Gold Price Forecast: XAU/USD battles key resistance ahead of high-impact US data
Gold price bounces back toward $3,400 early Wednesday, awaits US jobs data.The US Dollar loses JOLTS survey-led traction as trade jitters remain a drag. Gold price retests key resistance zone near $3,377 on the daily chart amid bullish RSI.Gold … [Continue reading]
USD/CAD remains on the defensive near 1.3700 ahead of BoC rate decision
USD/CAD softens to near 1.3715 in Wednesday’s early Asian session. Persistent tariff tensions weigh on the US Dollar. The BoC is expected to hold rates at 2.75% on Wednesday. The USD/CAD pair remains on the defensive around 1.3715 … [Continue reading]