GBP/USD rallied 0.96% on Thursday, settling near 1.3600 after a choppy session that saw cable test the 1.3455 area in the European morning before catching a sharp bid through the New York afternoon. The daily candle left a long lower wick from the … [Continue reading]
EUR/USD Price Forecast: Consolidates below key Fibonacci level as bulls defend 200-day SMA
The Euro (EUR) edges higher against the US Dollar (USD) on Tuesday as the Greenback softens broadly following possible intervention from Tokyo, with authorities seen selling Dollars to support the Japanese Yen (JPY), while the Euro also draws some … [Continue reading]
Japan reportedly conducts first FX intervention since 2024 to counter speculative moves
Japanese authorities reportedly intervened directly in the foreign exchange market on Thursday, according to Reuters, citing Nikkei, which attributed the information to Japanese government sources. This action would mark the first official … [Continue reading]
South Africa Producer Price Index (MoM): 1.1% (March) vs 0%
Gold recovers further from the monthly low, and climbs back closer to the $4,600 mark during the early European session. The US Dollar enters a bullish consolidation phase after touching a fresh high since April 13 and turns out to be a key factor … [Continue reading]
Japan Consumer Confidence Index came in at 32.2, below expectations (33.1) in April
EUR/USD extends its losses for the third successive day, trading around 1.1660 during the Asian hours. The daily chart technical analysis indicates a potential for a bearish reversal, as the pair has slipped below the ascending channel. The EUR/USD … [Continue reading]
Australian Dollar edges higher ahead of Chinese PMI releases
The AUD/USD pair gathers strength to near 0.7130 during the early Asian session on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) on hotter domestic inflation data. Traders brace for the release of the Chinese … [Continue reading]
Ethereum Price Forecast: ETH eyes decline to $2,200 as Fed hawkish tone weighs
Ethereum price today: $2,230Ethereum has declined toward $2,200 after the Fed left interest rates unchanged at 3.50-3.75% and showed a hawkish bias.Exchange reserves have risen by over 226K ETH since the beginning of the week amid declining US … [Continue reading]
Federal Reserve to remain on hold, shrugging off political pressure to cut rates
The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, another pivotal meeting for markets to gauge the stance of policymakers as energy prices remain uncomfortably high amid ongoing uncertainty in the Middle … [Continue reading]
United States MBA Mortgage Applications fell from previous 7.9% to -1.6% in April 24
Gold remains depressed below the $4,600 mark heading into the European session, though bears seem hesitant and opt to wait for the crucial FOMC policy decision, due to be announced later this Wednesday. The key focus will be on the post-meeting … [Continue reading]
Oil: UAE exit reshapes supply outlook – Commerzbank
Commerzbank’s Dr. Henry Hao and Charlie Lay note Brent and WTI extended gains as the United Arab Emirates announced it will leave OPEC (Organization of Petroleum Exporting Countries) on 1 May, after years of tension with Saudi Arabia over output … [Continue reading]