Australian Dollar recovers recent losses on improved market sentiment on Wednesday. Australian labor data for March are scheduled to be released on Thursday. US Dollar Index (DXY) maintains its position close to a five-month high of 106.51. The … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1025 vs 7.1028 previous
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]
Gold price climbs on Powell’s speech, arising geopolitical tensions
Gold climbs, reacting to Fed Chair Powell's hawkish comments and mixed US data. Tensions in the Middle East escalate, influencing Gold's status as a safe-haven asset. Market expectations reduce the likelihood of multiple Fed rate cuts this year. … [Continue reading]
US Dollar holds gains despite weak housing data
DXY Index witnesses minor incline, hitting an early November peak at 106.30. Prior to Powell's speech, US Dollar gained following strong Retail Sales data. US housing data reveals weakness with Building Permits and Housing Starts falling. Investors … [Continue reading]
Natural Gas touch stronger by 1% while markets digest Middle East tensions
Natural Gas prices show sensitivity towards the situation in the Middle East. Markets were caught by surprise as Israel said it will retaliate against Iran. The US Dollar Index pops back above 106.00 and is running into a winning streak. … [Continue reading]
Ripple and SEC could enter final pretrial conference, XRP struggles below $0.50
SEC vs. Ripple lawsuit is likely to enter its final pretrial conference on Tuesday under Judge Sarah Netburn. XRP holders and proponents anticipate settlement talks between the two parties to avoid the trial phase. XRP price is struggling … [Continue reading]
Japanese Yen languishes near 34-year low against USD despite intervention warnings
The Japanese Yen remains depressed near a multi-decade low amid the BoJ’s dovish outlook. Reduced Fed rate cut bets lift the USD to a fresh YTD top and further lend support to USD/JPY. Intervention fears and a softer risk tone could help limit deeper … [Continue reading]
US Dollar kicks off the week with the right foot on strong Retail Sales, sour market mood
DXY Index notes a slight uptick, currently trading near 106.00 mark. March Retail Sales exceed forecasts, bolstering bond yields and the US Dollar. Fed appears hawkish, adjustments to easing expectations produced Greenback rally last week. The US … [Continue reading]
EUR/USD Forecast: Extra weakness exposes a move to 1.0500
EUR/USD dropped to fresh YTD lows near 1.0620. The US Dollar accelerated its gains amidst higher yields. The ECB’s Simkus favoured 50 bps of rate cuts in the summer. For the fifth consecutive session, EUR/USD remained under pressure, sliding to … [Continue reading]
Pound Sterling struggles to recover ahead of UK Employment, Inflation data
The Pound Sterling faces pressure as geopolitical tensions improve the appeal for safe-haven assets. UK’s employment and inflation data will influence speculation over BoE rate cuts. The UK economy is on track to come out of a technical recession. … [Continue reading]