The two-day FOMC meeting kicks off on Tuesday with a hold priced in for Wednesday’s interest rate decision. US consumer sentiment declined in April, while Q1 Employment Cost Index increased. Hawkish bets on the Fed continue to favor the USD. The US … [Continue reading]
EUR/USD falls back on strong US Q1 Employment Cost index
EUR/USD surrenders intraday gains and drops to 1.0700 after strong US Q1 Labor Cost Index. The Eurozone's high inflation and strong Q1 GDP growth fail to provide a sustainable boost to the Euro. The US Dollar is expected to remain … [Continue reading]
Silver price today: Silver slides, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $26.61 per troy ounce, down 1.96% from the $27.14 it cost on Monday. Silver prices have increased by 4.48% since the beginning of the year. Unit measure Today … [Continue reading]
AUD/JPY depreciates after lower Aussie Retail Sales
The Australian Dollar loses ground after the release of lower-than-expected Retail Sales. The Australian Retail Sales for March took an unexpected downturn, contrasting with the anticipated rise. Market participants will closely monitor for any … [Continue reading]
Japan Retail Trade (YoY) came in at 1.2% below forecasts (2.5%) in March
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]
Gold price uptrend continues as traders anticipate upcoming Fed decision
Gold continues its three-day rally, buoyed by falling US Treasury yields and a weakening US Dollar. Recent US economic data, including underperforming GDP and stable core PCE inflation rates, increasing expectations for Fed holding rates. Attention … [Continue reading]
GBP/USD Price Analysis: Climbs above 1.2500, with bulls targeting 200-DMA
GBP/USD rises, rebounding from 1.2474 amid rumors impacting the US Dollar. Currently, GBP/USD tests the 200-day moving average at 1.2555, showing a neutral to slight bearish outlook. Breaking above the 200-DMA may target 1.2600, with potential … [Continue reading]
EUR/USD surrenders intraday gains ahead of US, Eurozone data-packed week
EUR/USD struggles to hold gains above 1.0700 amid uncertainty ahead of key economic events. The ECB seems poised to start reducing key borrowing rates in June. Eurozone’s CPI, Q1 GDP and the Fed’s policy outlook will be in focus. The EUR/USD pair … [Continue reading]
NZD/USD sticks to intraday gains near two-week high, around 0.5975-80 amid softer USD
NZD/USD attracts fresh buyers on Monday and advances to over a two-week high. A positive risk tone undermines the Greenback and benefits the risk-sensitive Kiwi. Hawkish Fed expectations should limit the USD losses and cap the upside for the pair. … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1066 vs 7.1056 previous
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]