Share: The former Bank of Japan (BoJ) policy board member Makoto Sakurai stated in an interview on Thursday that the central bank may scrap negative interest rates by the end of this year to adjust the currently excessive level of monetary easing. … [Continue reading]
Silver Price Analysis: XAG/USD rally stalls at around 200-DMA, bears eye $22.00
Share: XAG/USD trades at around $22.85, a modest gain of 0.29%. Supports are identified at the psychological level of $22.50, the 50-DMA at $22.85, and the 20-DMA at $22.21. Immediate resistance lies at the 200-DMA at $23.31, with a key hurdle at … [Continue reading]
Australian Jobs Preview: Will another positive report really help the Aussie?
Share: Australia is expected to report an increase of 20,000 jobs in September following a surge in August. The labor market has demonstrated resilience, adding over 400,000 jobs in the past 12 months despite RBA rate hikes. The AUD/USD remains in … [Continue reading]
Gold Price Forecast: XAU/USD benefitting from haven flows triggered by the geopolitical tension – ANZ
Share: Gold price rebounded on haven demand following Hamas’s 7 October attack on Israel. Strategists at ANZ Bank analyze the yellow metal’s outlook. A recent rise in yields reflect tighter monetary condition Gold is benefitting from haven flows … [Continue reading]
USD Index looks consolidative above 106.00 ahead of data, Fedspeak
Share: The index alternates gains with losses in the low-106.00s. US yields trade within narrow ranges near recent peaks. Housing data, Fed Beige Book, Fedspeak take centre stage midweek. The USD Index (DXY), which gauges the greenback vs. a … [Continue reading]
Default deadline looms for China’s property giant Country Garden
Share: Country Garden Holdings, China's largest private property developer, is hours away from defaulting on its $11 billion in offshore debt, yet to make a coupon payment to bond holders due on Wednesday, according to Reuters.Country Garden's … [Continue reading]
Forex Today: Dollar slides despite upbeat US data
Share: During the Asian session, the key highlight will be the release of Chinese economic data, including GDP figures. Additionally, RBA Bullock is scheduled to participate in a panel discussion. During European trading hours, the focus will shift … [Continue reading]
Fed’s Barkin: I believe we have a restrictive policy stance
Share: When asked if he will vote in favor of holding policy rate unchanged at the next meeting, "policymakers will have a good debate," Federal Reserve Bank of Richmond President Thomas Barkin said on Tuesday. Key takeaways "Recent inflation report … [Continue reading]
TRON surpasses 190 million accounts while TVL extends uptrend
Share: TRON surpasses 190 million user accounts, demonstrating growth in its user base. TRX's dwindling supply and stable price suggest upside potential. TRON's strong TVL, which is on an uptrend, indicates an optimistic medium to long term outlook … [Continue reading]
Australian Dollar oscillates around a major level, expects US Retail Sales to ease
Share: Australian Dollar continues to gain post-release of the RBA Meeting Minutes. RBA board members favored to maintain the current interest rates. Australia's Consumer Confidence declined to 76.4 compared to the previous figure of 80.1. US … [Continue reading]