Oversold decline has not stabilised; New Zealand Dollar (NZD) could drop further, but a sustained break below 0.5640 is unlikely. In the longer run, rapid increase in momentum suggests NZD is likely to continue to head lower; the major support at … [Continue reading]
Gold price extends bullish trend amid rising trade tensions; fresh record high and counting
Gold price continues to scale new record highs for the fourth straight day on Tuesday. Worries about the widening global trade war and geopolitical risks boost the commodity. Fed rate cut bets weigh on the USD and further benefit the … [Continue reading]
RBA poised to hold interest rate steady, markets turn to Bullock for forward guidance
The Reserve Bank of Australia is expected to keep rates on hold in March. RBA Governor Michele Bullock’s comments could trigger some market reactions. The Australian Dollar is weak ahead of the announcement amid ruling risk aversion. The Reserve … [Continue reading]
Fed’s Williams: The economy does not have stagflation right now
Federal Reserve (Fed) Bank of New York President John Williams noted on Monday that while the US economy isn't presenting evidence of "stagflation", a difficult period marked by rising inflation coupled with slumping economic stability, trade … [Continue reading]
Silver markets are still in a structural deficit – TDS
The rise in the XAU/XAG ratio reflects idiosyncratic strength in Gold, as opposed to weakness in Silver, TDS' Senior Commodity Strategist Daniel Ghali notes. Next buying impulse to hit the markets in the near term "We are in the final months of the … [Continue reading]
EUR/USD trades flat as investors eye Trump’s reciprocal tariffs
EUR/USD wobbles around 1.0830 as investors have been sidelined, focusing on Trump’s reciprocal tariff measures to be released on Wednesday. This week, the US Dollar will also be influenced by the US ISM PMI and a slew of employment-related data, … [Continue reading]
Forex Today: Tariff fears lift Gold to new record peak
Here is what you need to know on Monday, March 31:Gold benefits from safe-haven flows amid growing tariff fears at the beginning of the week and trades at a new all-time high above $3,120. The European economic calendar will feature preliminary March … [Continue reading]
Japan’s Kato: Have agreed with the US that excessive moves on forex are undesirable
Japanese Finance Minister Katsunobu Kato said on Monday, they “have agreed with the US that excessive moves on forex are undesirable.”Additional comments"Will communicate closely with the US counterparts on forex.""Will continue to proactively … [Continue reading]
XRP Price Forecast: Weak demand and rising supply could trigger a downtrend
XRP's price and on-chain activity have been flat despite tailwinds from the SEC dropping its appeal against Ripple. XRP's rising supply could cause downward pressure on its price if demand fails to pick up. XRP risks a further decline to $1.35 if it … [Continue reading]
XRP’s weak on-chain activity and rising supply could trigger a downtrend
XRP's price and on-chain activity have been flat despite tailwinds from the SEC dropping its appeal against Ripple. XRP's rising supply could cause downward pressure on its price if demand fails to pick up. XRP risks a further decline to $1.35 if it … [Continue reading]