The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday after registering over 1% gains in the previous session. The AUD/USD pair holds ground after China's Services Purchasing Managers' Index (PMI) rose to 52.3 in January from … [Continue reading]
Canadian Dollar crimps two-day losing streak on Tuesday
• The Canadian Dollar found fresh footing on Tuesday, keeping USD/CAD bids below 1.3700.• Soft Canadian GDP data and falling oil prices weighed on the Loonie, while the Greenback recovered from Fed uncertainty.• the US House passed $1 trillion … [Continue reading]
Gold rebounds after sharp correction, eyes $5,000 resistance
Gold (XAU/USD) climbs more than 5% on Tuesday as dip buyers step back into the market following last week’s violent correction from record highs near $5,600. At the time of writing, XAU/USD is hovering near $4,980, recovering after slipping to near … [Continue reading]
Banxico: Policy rate pause expected – Rabobank
Rabobank analysts, Molly Schwartz and Christian Lawrence, anticipate that Banxico will hold the policy rate at 7.00% during the February 5 meeting. This expectation is shared unanimously among Bloomberg surveyed analysts. They also foresee two … [Continue reading]
USD: Positive outlook amid strong data – Deutsche Bank
Deutsche Bank's Macro Strategy report highlights a positive outlook for the Dollar following strong economic data. The report notes that the ISM manufacturing index unexpectedly surged, contributing to rising optimism for 2026. The Dollar Index … [Continue reading]
Australia RBA Interest Rate Decision meets expectations (3.85%)
Gold stages a comeback in Asian trades on Tuesday, after having found brief support near $4,650. The US Dollar uptrend stalls amid US-Iran de-escalation, easing US-India trade tensions and data disruption. Gold fails to close Monday above the 21-day … [Continue reading]
South Korea Consumer Price Index Growth (YoY) registered at 2%, below expectations (2.1%) in January
GBP/USD adds to Friday’s losses, reaching six-day lows near 1.3620, although regaining some composure soon afterwards. Indeed, Cable’s pullback comes amid the ongoing solid performance of the Greenback, while traders also begin to turn their … [Continue reading]
EUR/USD Price Forecast: Next on the downside comes 1.1700
EUR/USD comes under fresh selling pressure, breaking below the 1.1800 support and extending the leg lower following last week’s multi-year peaks in levels close to the 1.2100 barrier.Indeed, Monday’s retracement in the pair comes amid the … [Continue reading]
JPY: 2026 could be year of Yen – HSBC
The HSBC report discusses the recent strengthening of the Yen against the US Dollar, which follows a surge in Japanese long-dated bond yields. Speculation of government intervention, combined with ongoing US Dollar weakness and Japanese fiscal … [Continue reading]
United Kingdom S&P Global Manufacturing PMI above expectations (51.6) in January: Actual (51.8)
Gold price extends correction to fresh monthly lows near $4,400 in European trading on Monday, pressured by some profit-taking. The precious metal continues its downtrend after reaching historic highs last week as Kevin Warsh's nomination … [Continue reading]