The Federal Reserve is expected to leave the policy rate unchanged for the second consecutive meeting. The revised Summary of Economic Projections could offer key clues about the policy outlook. The US Dollar could recover if the Fed downplays growth … [Continue reading]
Gold flat while traders mull upcoming Fed decision
Gold has eked out another new fresh all-time high at $3,045 on Wednesday. Traders brace for the the upcoming Fed meeting while digesting geopolitical news from Turkey and Ukraine. Gold’s rally starts to overheat a bit and might see a … [Continue reading]
Gold price bulls turn cautious near all-time peak amid modest USD recovery, ahead of Fed
Gold price hits a fresh record high on Wednesday amid geopolitical risks and trade jitter. Fed rate cut bets further benefit the non-yielding yellow metal and remain supportive. A modest USD bounce caps the commodity ahead of the crucial FOMC … [Continue reading]
GBP/USD slips below 1.3000 amid firm US Dollar ahead of Fed decision
GBP/USD inches lower as traders adopt caution ahead of the Federal Reserve’s policy decision due on Wednesday. The Fed is expected to leave interest rates unchanged, highlighting persistent inflation concerns and economic uncertainty. Traders … [Continue reading]
New Zealand Current Account – GDP Ratio climbed from previous -6.4% to -6.2% in 4Q
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]
AUD/USD Price Forecast: There is still room for further gains
AUD/USD’s recovery faltered just ahead of the key 0.6400 barrier. The US Dollar added to the ongoing bearish trend ahead of the Fed. Markets’ attention remains on upcoming central banks’ meetings. The Australian Dollar (AUD) retested the area of … [Continue reading]
US Dollar flat after Putin’s demand look unreasonable for markets to eke out Ukraine ceasefire
The US Dollar edges lower again, nearing a five-month low in the US Dollar Index. Traders brace for a historic vote in Germany on spending and a Trump-Putin phone call to end war in Ukraine. The US Dollar Index recovers from earlier … [Continue reading]
EUR/USD: May correct lower on the day – OCBC
Euro (EUR) continued to hold on to gains above 1.09 handle vs US Dollar (USD) on prospects of a peace deal in Ukraine, potential ECB pause (in Apr) and hopes of large German spending. EUR was last seen trading at 1.0948 levels, OCBC's FX analysts … [Continue reading]
Japanese Yen continues to lose ground against the broadly recovering US Dollar
The Japanese Yen attracts sellers for the third consecutive day amid a positive risk tone. A modest USD bounce from a multi-month low further lends support to the USD/JPY pair. The divergent BoJ-Fed expectations might cap the pair ahead of … [Continue reading]
USD/CAD remains on the defensive below 1.4300, Canadian CPI data in focus
USD/CAD softens to around 1.4290 in Monday’s late American session. US Retail Sales rose softer than expected in February, weighing on the US Dollar. Crude Oil prices edge higher due to geopolitical risks, supporting the commodity-linked … [Continue reading]