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]
Australian Dollar hovers near two-month lows as traders await Fed Chair Powell’s speech
The Australian Dollar maintains its position near the two-month low of 0.6414 recorded on Thursday.AUD/USD came under pressure as the US Dollar strengthened following upbeat S&P Global US PMI data.The CME FedWatch Tool indicates that markets are … [Continue reading]
Ethereum Price Forecast: ETH risks selloff as supply in profit tops 90% ahead of Powell’s speech
Ethereum price today: $4,210Ethereum's supply in profit has crossed the 90% mark, a level that historically triggers heavy selling activity.Profit-taking lingers as Cleveland Fed President Hammack says she would not support a rate cut if the Fed were … [Continue reading]
Gold Price Forecast: XAU/USD hovers around $3,340, awaits fresh clues
XAU/USD Current price: $3,340.55US business activity grew at the fastest rate this year in August, according to S&P Global. Market players await fresh clues from policymakers amid the Jackson Hole Symposium. XAU/USD extends its consolidative … [Continue reading]
EUR/GBP steady above 0.8650 as traders weigh US-EU deal and PMI data
EUR/GBP trades around 0.8660 on Thursday, consolidating after Wednesday’s rebound.The US and EU have struck a trade agreement, combining tariff relief with large-scale energy and investment pledges.Eurozone PMI showed manufacturing back in expansion, … [Continue reading]
Gold keeps the red amid hawkish Fed-inspired USD strength; downside seems limited
Gold drifts lower on Thursday as hawkish FOMC Minutes continue to underpin the USD.Hopes for a Russia-Ukraine peace deal further exerted pressure on the XAU/USD pair.The global PMIs could drive the commodity ahead of Fed Chair Powell’s speech on … [Continue reading]
Gold stalls Wednesday’s recovery from 100-day SMA support amid a firmer USD
Gold drifts lower on Thursday as hawkish FOMC Minutes underpin the US Dollar.Hopes for a Russia-Ukraine peace deal also exerted pressure on the XAU/USD pair.The global PMIs could influence the commodity ahead of Fed Chair Powell’s speech on … [Continue reading]
USD/MXN drops as Fed independence threats spur Peso demand
Mexican Peso appreciates 0.25%, as traders punish the Greenback on US political noise.Mexico inflation falls to 3.51% YoY, strengthening odds for a Banxico cut to 7.50% in September.Citi survey: Peso expected to stay strong, USD/MXN seen near 19.50 … [Continue reading]
Forex Today: It’s PMI-day!
The US Dollar (USD) ended another indecisive session trading near the top of its weekly range, as investors weighed the FOMC Minutes against fresh attacks from President Trump on the Federal Reserve, this time directed at Governor Lisa Cook.Here's … [Continue reading]
Canadian Dollar steadies as Fed Minutes and political tensions weigh on Greenback
The Canadian Dollar holds ground after USD/CAD hits a three-month high of 1.3883 in Asian trade.The US Dollar eases as Fed Minutes loom and political pressure builds on the central bank.US President Donald Trump calls for Fed Governor Lisa Cook’s … [Continue reading]