WTI price struggles as persistent trade tensions heighten concerns over the global demand outlook.Traders expect updates on US-EU trade negotiations this week.Indonesia’s sovereign wealth fund, Danantara, is set to sign an $8 billion contract with US … [Continue reading]
Australian Dollar remains subdued as RBA board warrants further rate cuts over time
The Australian Dollar remains subdued following the release of RBA Meeting Minutes on Tuesday.Most RBA members believed it was prudent to wait for confirmation of inflation slowdown before proceeding with further easing.Market caution deepened amid … [Continue reading]
USD/CAD extends downside below 1.3700 ahead of Fed’s Powell speech
USD/CAD weakens to near 1.3680 in Tuesday’s early Asian session. Speculation around a possible replacement of Fed Chair Jerome Powell weighs on the US Dollar. Lower crude oil prices might help limit the pair’s losses. The USD/CAD pair … [Continue reading]
Dow Jones Industrial Average recovers footing on Monday
The Dow Jones rose on Monday as equities test higher ground.Traders continue to bet on another tariff walkback.A thin economic calendar leaves trade headlines as the dominant force.The Dow Jones Industrial Average (DJIA) clawed back recent losses on … [Continue reading]
US Dollar under pressure as trade tensions grow, Fed uncertainty weigh on sentiment
The US Dollar starts the week under pressure, slipping against major currencies on Monday.Despite solid US economic data, the DXY remains capped below the key 99.00 resistance.The DXY US Dollar Index is hovering above critical support near 98.00, … [Continue reading]
GBP/USD: View is still negative – UOB Group
Pound Sterling (GBP) could edge lower, but it does not appear to have enough momentum to break below 1.3375. GBP view is still negative; the next technical target at 1.3320 may not come into view so soon, as it could consolidate first, UOB Group's FX … [Continue reading]
Japan’s Ishiba: Election was a harsh judgment on LDP government
Japanese Prime Minister Shigeru Ishiba on Monday apologized to the ruling Liberal Democratic Party (LDP) for the election loss, adding that he will continue to govern in coalition with Komeito.Key quotesApologizes to the LDP party for … [Continue reading]
Gold Price Forecast: XAU/USD trades with mild gains near $3,350 on tariff uncertainty
Gold price posts modest gains around $3,350 in Monday’s early Asian session. Economic uncertainty and lower interest rates boost safe-haven flows, supporting the Gold price. The upbear UoM survey might help limit the Gold’s … [Continue reading]
Ethereum Price Forecast: ETH extends rally as ETFs eye record weekly inflows, Bit Digital treasury tops 120,000 ETH
Ethereum price today: $3,540Bit Digital has increased its ETH stash above 120,000 ETH.Ethereum ETFs are set to record their largest weekly inflows after attracting over $1.78 billion in the past four days.ETH approaches the $4,000 key level after … [Continue reading]
EUR/USD gains as Fed’s Waller supports July rate cut, US sentiment improves
Fed’s Waller supports July rate cut, pulling Treasury yields and Dollar lower.UoM survey shows improved sentiment and easing inflation expectations in the US.ECB decision, EU PMIs, and US macro data in focus for the week ahead.The EUYR/USD finished … [Continue reading]