The AUD/USD pair continues with its struggle to conquer the 0.7200 mark and drifts lower following the release of Australian consumer inflation figures during the Asian session on Wednesday. Spot prices slide to the 0.7170 area in the last hour, … [Continue reading]
Ireland Consumer Confidence dipped from previous 56.7 to 53.3 in April
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]
EUR/USD rebounds as Fed decision nears and US-Iran tensions cap Dollar downside
The Euro (EUR) trims a part of its intraday losses against the US Dollar (USD) on Tuesday as the Greenback loses momentum, with traders repositioning ahead of the Federal Reserve’s interest rate decision due on Wednesday while continuing to monitor … [Continue reading]
Ripple Price Forecast: XRP risks bearish shift as price drops below $1.40
Ripple (XRP) is edging lower below $1.40 at the time of writing on Tuesday, as the broader crypto market faces renewed volatility. The remittance token is under intense sell-side pressure and struggling to hold key support levels amid growing … [Continue reading]
Austria UniCredit Bank Manufacturing PMI fell from previous 52.4 to 51.2 in April
Gold trades with a negative bias below the $4,700 mark for the second consecutive day, and slides back closer to last week's swing low during the Asian session. The uncertainty over the second round of US-Iran peace talks assists the US … [Continue reading]
Bank of Japan holds interest rate at 0.75%, upgrades inflation forecasts
The Bank of Japan (BoJ) board members decided to leave the short-term interest rate unadjusted at 0.75%, following the conclusion of its two-day monetary policy review meeting on Tuesday.The decision aligned with the market expectations.Summary of … [Continue reading]
Bank of Japan expected to hold rates amid Iran war-driven inflation fears
The Bank of Japan (BoJ) will announce its monetary policy decision on Tuesday, at around 3:00 GMT. The BoJ is widely expected to deliver a hawkish hold, keeping the benchmark interest rate unchanged at 0.75% while also hinting at a willingness to … [Continue reading]
Fed: Policy on hold as Iran shock lingers – TD Securities
TD Securities strategists Oscar Munoz and Eli Nir expect the Federal Reserve (Fed) to keep the Fed funds rate at 3.50–3.75% at the April Federal Open Market Committee (FOMC), with Chair Powell maintaining a neutral stance on future policy. They see … [Continue reading]
XRP lags recovery despite capital inflows
Ripple (XRP) is trading under increasing sell-side pressure as of writing on Monday. A near-term support at $1.41 suggests that dip-buying remains steady despite overhanging resistance at $1.53 and $1.78.Risk appetite has continued to improve amid … [Continue reading]
EUR/JPY edges higher as markets brace for BoJ, ECB decisions amid Middle East tensions
EUR/JPY trades around 186.95 on Monday at the time of writing, up modestly by 0.07%, as markets adopt a wait-and-see stance ahead of this week’s monetary policy decisions from the Bank of Japan (BoJ) and the European Central Bank (ECB).Investors … [Continue reading]