USD/CAD edged higher by less than 0.1% on Friday, recovering from an early-session low near 1.3560 to trade around 1.3590. The pair has shed roughly 0.6% on the week after rolling over from the 1.3700 area mid-week, and momentum has appeared sluggish … [Continue reading]
Dow Jones Industrial Average futures hold near 50K as Iran offer offsets tariff noise
Dow Jones Industrial Average (DJIA) futures traded above 49,800 in overnight and pre-market action, building on a near 1,500-point rally from Thursday morning's lows around 48,500 and pressing toward the 50,000 mark for the first time. S&P 500 … [Continue reading]
Fed’s Hammack: Uncertainty around economy, policy path has risen
In a statement published on Friday, Federal Reserve Bank of Cleveland President Beth Hammack explained her decision to dissent against the Fed keeping an easing bias in the policy statement, saying that a "clear easing bias" is no longer appropriate … [Continue reading]
Gold weakens further as inflationary concerns fuel bets for more hawkish central banks
Gold (XAU/USD) extends its steady intraday descent further below the $4,600 mark through the early European session on Friday and reverses a part of the previous day's move higher. The commodity seems poised to register losses for the second straight … [Continue reading]
EUR/USD Price Forecast: Holds onto gains near 1.1730
The EUR/USD pair clings to Thursday’s gains near 1.1735 during the Asian trading session on Friday. The major currency pair reflects strength as the US Dollar (USD) holds onto the previous day’s losses, which were driven by suspected Japan’s … [Continue reading]
GBP/USD runs out of gas after BoE hawkish hold ahead of Friday data deluge
GBP/USD rallied 0.96% on Thursday, settling near 1.3600 after a choppy session that saw cable test the 1.3455 area in the European morning before catching a sharp bid through the New York afternoon. The daily candle left a long lower wick from the … [Continue reading]
EUR/USD Price Forecast: Consolidates below key Fibonacci level as bulls defend 200-day SMA
The Euro (EUR) edges higher against the US Dollar (USD) on Tuesday as the Greenback softens broadly following possible intervention from Tokyo, with authorities seen selling Dollars to support the Japanese Yen (JPY), while the Euro also draws some … [Continue reading]
Japan reportedly conducts first FX intervention since 2024 to counter speculative moves
Japanese authorities reportedly intervened directly in the foreign exchange market on Thursday, according to Reuters, citing Nikkei, which attributed the information to Japanese government sources. This action would mark the first official … [Continue reading]
South Africa Producer Price Index (MoM): 1.1% (March) vs 0%
Gold recovers further from the monthly low, and climbs back closer to the $4,600 mark during the early European session. The US Dollar enters a bullish consolidation phase after touching a fresh high since April 13 and turns out to be a key factor … [Continue reading]
Japan Consumer Confidence Index came in at 32.2, below expectations (33.1) in April
EUR/USD extends its losses for the third successive day, trading around 1.1660 during the Asian hours. The daily chart technical analysis indicates a potential for a bearish reversal, as the pair has slipped below the ascending channel. The EUR/USD … [Continue reading]