The Australian Dollar depreciates as US Dollar continues to strengthen amid optimism around the Trump trades. Australia's Wage Price Index increased by 3.5% YoY in Q3, down from a 4.1% rise in Q2. The US Consumer Price Index data release will be … [Continue reading]
USD/INR strengthens on persistent outflows, firmer US Dollar
The Indian Rupee softens in Wednesday’s Asian session. Strong USD demand and considerable foreign institutional outflows weigh on the INR. Traders await the US October CPI inflation data on Wednesday for fresh impetus. The Indian … [Continue reading]
NZD/USD Price Analysis: Pair resumed downfall, nearing oversold levels
NZD/USD fell 0.68% to 0.5925 on Tuesday. Pair resumed its downfall, hitting the lowest low since August 5. The near-oversold levels of the RSi might trigger an upwards correction. The NZD/USD pair extended its decline on Tuesday, falling by 0.68% to … [Continue reading]
Dow Jones Industrial Average trims gains on Tuesday
The Dow Jones is taking a breather as bids hold just above 44,000. Post-election rally pauses, but with little retracement on the cards. US CPI inflation data due Wednesday to drive momentum. The Dow Jones Industrial Average shed a scant 200 points … [Continue reading]
US Dollar extends rally for second day in a row with Trump trade fired up
The US Dollar crushes competition in foreign currencies and trades up across the board. The Trump trade is driving the Greenback higher while a goldilocks scenario comes in play. The US Dollar index slices through a difficult level of … [Continue reading]
NZD/USD edges lower to near 0.5950 amid solid US Dollar, dovish RBNZ
NZD/USD depreciates as the US Dollar receives support from Trump’s potential fiscal policies. The NZD struggles as the Trump administration may impose a 60% tariff on imports from China. Trump’s proposed fiscal policies could lead the Fed to adopt a … [Continue reading]
Silver Price Forecast: XAG/USD depreciates toward $30.50 due to risk-on sentiment
Silver prices face challenges due to a reduced demand for safe-haven assets following Trump’s election victory. The demand for riskier assets improves as markets assess the potential impacts of the proposed Trump policies. The dollar-denominated … [Continue reading]
Gold dips amid firm US Dollar as Trump’s protectionist policies loom
Gold experiences worst week in five months; DXY climbs to 105.57 on Trump trade fears. Treasury market closure limits safe-haven flows; investors brace for Fed rate outlook in December. Fed officials’ remarks, key US inflation data and Retail Sales … [Continue reading]
Gold plummets on stronger Dollar, Trump effect
Gold weakens as a result of a stronger US Dollar and the impact of Trump on Monday. President-elect Donald Trump’s Dollar positive policies and competition from Bitcoin are factors pressuring Gold. Rumors Trump has offered known … [Continue reading]
Pound Sterling wobbles as focus shifts to UK Employment
The Pound Sterling declines against US Dollar as investors await the UK Employment data for the three months ending September. The UK Unemployment Rate is estimated to have increased to 4.1%. The US Dollar will be influenced by the US inflation … [Continue reading]