Australia’s consumer price index (CPI) rose 0.7% q/q in 2Q25, easing from the 0.9% q/q reading in 1Q25, and coming in weaker than the consensus estimate of 0.8% The slightly weaker headline inflation outcome was nonetheless in line with the Reserve … [Continue reading]
Australian Dollar advances after Retail Sales, China’s PMI data release
The Australian Dollar maintains its position as Retail Sales climbed 1.2% MoM in June, compared to the expected 0.4% increase.China’s NBS Manufacturing Purchasing Managers' Index fell to 49.3, while the Non-Manufacturing PMI eased to 50.1 in July.The … [Continue reading]
US President Donald Trump announces a trade deal with South Korea – Reuters
US President Donald Trump announced a new trade deal with South Korea, stating that the United States (US) would charge a 15% tariff on imports from South Korea, Reuters reported on Wednesday. The agreement includes a $350 billion commitment … [Continue reading]
AUD/USD tumbles as Fed keeps rates in check, Powell on the spotlight
Fed keeps rates steady; two Governors voted for a 25-bps cut.Statement flags “elevated uncertainty” and moderate growth in H1.AUD/USD trades volatile near 0.6454-0.6471 range, key support lies near 0.6400.The AUD/USD plunges on Wednesday, extending … [Continue reading]
AUD/USD awaits US Federal Reserve’s decision at fresh July lows
Australian inflation rose at a slower pace in the second quarter of the year.Upbeat United States data boosted demand for the Greenback as the Fed looms.AUD/USD established a fresh July low at 0.6449 amid broad US Dollar strength.The Australian … [Continue reading]
AUD/USD: Signs of building downward momentum – UOB Group
Australian Dollar (AUD) is likely to trade in a range between 0.6500 and 0.6540 against US Dollar (USD). In the longer run, upward momentum has dissipated, signs of building downward momentum; AUD is likely to edge lower, potentially reaching 0.6480, … [Continue reading]
Gold price flat lines as traders opt to wait for more cues about Fed’s rate-cut path
Gold price seesaws between tepid gains/minor losses during the Asian session on Wednesday. A modest USD downtick and the cautious market mood lend support to the safe-haven metal. Hawkish Fed expectations and trade optimism hold back bullish traders … [Continue reading]
Australian inflation expected within RBA’s target goal
The Australian monthly Consumer Price Index is foreseen stable at 2.1%.Quarterly CPI inflation is expected to have modestly decreased in Q2.The Reserve Bank of Australia kept the OCR at 3.85% at its May meeting.The Australian Dollar is set to post … [Continue reading]
Crude Oil lurches higher after Trump gives Russia ten days to strike a deal with Ukraine
US President Donald Trump gave Russia ten days to figure out a deal with the Ukraine.If Russia doesn't play ball, Trump is threatening new sanctions on Russian Crude Oil.Secondary tariffs are on the table as well as Trump threatens to go after anyone … [Continue reading]
Ripple Price Forecast: XRP eyes 16% surge, but tapering open interest paints a grim picture
XRP rises slightly amid broad consolidation above $3.00 ahead of the Fed’s decision on interest rates.A sharp decline in derivatives market Open Interest hints at the changing market dynamics amid risk-off sentiment.XRP’s technical structure offers … [Continue reading]