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]
Five fundamentals for the week: Peace talks, Fed minutes and German election stand out
US-Russian talks about Ukraine are closely watched and will impact the Euro and Oil. The FOMC Meeting Minutes will likely show a hawkish view, cooling markets. Over the weekend, the German federal election is set to determine next week’s opening. US … [Continue reading]
USD/INR strengthens as traders await Indian Trade Balance, US tariff details
The Indian Rupee trades in negative territory in Monday's early European session. Indian economic slowdown, foreign outflows and RBI rate cuts continue to undermine the INR. The RBI intervention and lower crude oil prices might cap … [Continue reading]
South Korea Trade Balance climbed from previous $-1.89B to $-1.86B in January
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]
New Zealand Business NZ PSI rose from previous 47.9 to 50.4 in January
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]