Share: AUD/USD Current Price: 0.6610 Australia's monthly CPI slowed more than expected, weighing on RBA expectations for next week. The US Dollar strengthened on Fed rate hike expectations and a decline in Wall Street. The AUD/USD remains under … [Continue reading]
EUR/USD Price Analysis: Temporary contention emerges near 1.0880
Share: EUR/USD fades part of the recent optimism and retests 1.0920. Next on the downside comes the 55-day SMA around 1.0880. EUR/USD gives away some of the recent 2-day gains and slips back to the 1.0925/20 band on Wednesday. In case the selling … [Continue reading]
Gold Price Forecast: XAU/USD declines towards $1,900 as spotlight shifts to Fed Powell’s speech
Share: Gold price is declining towards the $1,900.00 support ahead of Fed Powell’s speech. Investors are cautious that hawkish remarks from Jerome Powell would propel fears of a recession in the US economy. Gold price has tumbled to near the … [Continue reading]
Asian Stock Market: Nikkei, ASX lead gainers, China shares dribble as S&P500 Futures, yields retreat
Share: Markets in Asia-Pacific region trade mixed amid cautious mood ahead of key central bankers’ speeches. ASX rallied on downbeat Aussie inflation, Nikkei braces for Japanese government’s intervention. China stocks remain pressured on AI curbs, … [Continue reading]
Azuki Elementals launch raises controversial $38 million worth of Ethereum in under 15 minutes
Share: Azuki Elementals launch marked the most engaging NFT drops in a long time, an outcome linked to 10,000 ETH profile pictures showcased in the sale. Despite the remarkable raise, the milestone is controversial, as creators have been flagged … [Continue reading]
GBP/USD Price Analysis: Bears are waiting to pounce below 1.2800
Share: GBP/USD bears are licking their lips around daily resistance. Bears eye a long squeeze for fresh lows of the week. GBP has been the market's darling this week so far as the initial balance extends higher and higher. However, as … [Continue reading]
Gold Price Forecast: Expectations of further rate hikes to dampen XAU/USD – Commerzbank
Share: Gold lacks direction following rebellion in Russia. Economists at Commerzbank analyze XAU/USD outlook. Yesterday’s rapid correction of the Gold price seems justified As far as the Gold price is concerned, the key question is the extent to … [Continue reading]
USD/CAD: Loonie may not fall out of markets’ favours just yet as BoC will go for another hike in July – ING
Share: Today’s inflation data in Canada will be key to driving market expectations for the BoC’s July decision. Economists at ING analyze CAD outlook. Inflation numbers in focus Consensus is looking for a rather substantial slowdown in headline … [Continue reading]
Sweden Producer Price Index (MoM) below expectations (-1%) in May: Actual (-1.7%)
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 Forecast: XAU/USD holds steady above $1,920 level, not out of the woods yet
Share: Gold price remains confined in a narrow range just above the multi-month low set last week. More hawkish central banks continue to act as a headwind for the non-yielding yellow metal. Economic woes lend some support to the safe-haven XAU/USD … [Continue reading]