Indian Rupee struggles to gain ground amid the higher oil prices. The rising Middle East geopolitical tensions might weigh on the INR. Investors will focus on the US ADP Employment Change and the ISM Services PMI, due on Wednesday. … [Continue reading]
GBP/USD remains on the defensive below 1.2600, eyes on US data, Fed’s Powell speech
GBP/USD trades on a weaker note near 1.2575 on Wednesday. Many Fed officials see three rate cuts as reasonable this year. Traders raise their bets the BoE will cut the interest rate before the US Fed this year, weighing on the GBP. The US ADP … [Continue reading]
US Dollar loses ground as investors takes profits, eyes on labor data
Tuesday’s highlight was the US Bureau of Labor Statistics reporting on strong JOLTs Job Openings figures for February. Markets await additional data to guide easing cycle expectations, widely expected to commence in June. Events on the horizon … [Continue reading]
Silver Price Forecast: XAG/USD rises to $25.80 as US Dollar slips after steady US Job Openings
Silver price climbs above $25.50 as US Dollar’s rally stalls. Investors remain risk-averse as Fed rate cut expectations ease. Silver price aims to recapture annual highs of $26.14. Silver price (XAG/USD) jumps to $25.80 after the United States … [Continue reading]
US Dollar likely to continue to trade on a stronger footing this week – MUFG
The US Dollar Index (DXY) has moved back above the 105.00 level for the first time since the middle of November. Economists at MUFG Bank analyze USD outlook. The Fed could lag behind European central banks when starting to cut rates Market attention … [Continue reading]
USD/INR drifts higher following Indian Manufacturing PMI data
Indian Rupee struggles to gain ground on Monday amid a stronger USD. India’s HSBC Manufacturing PMI came in at 59.1 against 56.9 prior, worse than expected. Several polls showed the RBI would maintain the repo rate steady at 6.50% in the … [Continue reading]
PBoC sets USD/CNY reference rate at 7.0957 vs. 7.0938 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]
USD/JPY Price Analysis: Hold steady below 152.00 amid intervention threats
USD/JPY is modestly up, reflecting a cautious market amidst higher US Treasury yields and potential for Japanese intervention. Technical indicators suggest resistance at 152.00, with further targets at 153.00 and 155.00 should the major break higher. … [Continue reading]
Gold Price Forecast: XAU/USD corrects near-term extreme overbought conditions
XAU/USD Current price: $2,239.91 Upbeat United States data confirmed Federal Reserve’s conservative approach to rate cuts. Stock markets returned from the long weekend with a soft tone, Wall Street dips. XAU/USD retreats from record highs, retains … [Continue reading]
Ten tokens to watch as Bitcoin halving looms
Bitcoin halving will occur on April 22 at 2:55 UTC, in around 20 days. BRC 20 tokens, assets that use Bitcoin as a sidechain, and ecosystem tokens could benefit from BTC gains. Stacks, Core, RSK Infrastructure Framework, and Syscoin – which use … [Continue reading]