Australia’s trade surplus narrowed to 5,773M MoM in May versus 6,678M expected and 6,548M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday. Further details … [Continue reading]
NZD/JPY Price Analysis: Pair surpasses 98.00, establishing new cycle highs
NZD/JPY resumes its bullish trend, surpassing 98.00 mark and hitting new cycle highs. Immediate supports identified at 97.50 and 97.00 markers represented by 20-day SMA in case of potential corrections. As the pair rides uncharted terrain it might … [Continue reading]
US Dollar plunges post ADP data and ahead of FOMC minutes
US Dollar saw severe selling pressure after soft ADP figures from June. Markets boosted their bets for a September Fed rate cut. Keen market focus remains on the upcoming FOMC minutes from the June meeting. On Wednesday, the US Dollar, represented … [Continue reading]
Brazil Industrial Output (YoY) came in at -1%, above expectations (-1.7%) in May
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]
ADP Employment Change Preview: US private sector expected to add 160K new jobs in June
The ADP report on Employment Change is expected to print 160K in June. The Federal Reserve may continue delaying interest rate cuts on strong employment reports. The US Dollar is technically bullish and may reach 106.45 with an upbeat report. … [Continue reading]
Gold price struggles to lure buyers, downside seems limited ahead of FOMC minutes
Gold price trades with a negative bias for the second successive day on Wednesday. The downside seems limited as traders await more cues about the Fed’s rate-cut path. Hence, the focus remains glued to the release of the FOMC meeting minutes later … [Continue reading]
Crypto community blasts Polkadot following report of treasury spending
Polkadot reports $87 million of treasury spending during H1. Crypto community members expressed harsh feelings toward the DOT team's high spending. DOT is up more than 2% in the past 24 hours but risks correction following the report. Polkadot … [Continue reading]
US Dollar weakens as markets detect a dovish tone on Powell’s words
US Dollar sees minor losses amid Jerome Powell's disinflation forecasts. JOLTs figure from June came in higher than expected. Expectations of interest rate cut in September remain steady ahead of key NFPs on Friday. On Tuesday, the US Dollar, as per … [Continue reading]
Breaking: Fed Chair Powell says disinflation trend shows signs of resuming
Federal Reserve (Fed) Chairman Jerome Powell and European Central Bank (ECB) President Christine Lagarde discuss monetary policy outlook at the ECB Forum on Central Banking in Sintra. [embedded content] Fed Chairman Powell comments at ECB Forum … [Continue reading]
Silver Price Forecast: XAG/USD remains below $29.50 due to improved US Dollar, yields
Silver price depreciates as US Dollar improves due to higher yields. The non-yielding Silver may rebound as recent US inflation data raised the expectations of the Fed reducing rates in 2024. Demand uncertainties in China, the largest consumer of … [Continue reading]