Gold (XAU/USD) extends its recovery on Wednesday after falling to four-month lows earlier this week, as early buyers step in following a sharp selloff. The rebound comes as cautious optimism around diplomatic efforts in the ongoing US-Iran conflict … [Continue reading]
USD/JPY: Range breakout risk grows – Societe Generale
Societe Generale analysts highlight USD/JPY pressing the upper end of its multi-year range, with resistance at 159.90 and key support at the 50-day moving average near 156.50. They note that a sustained move above 159.90 could open the way toward the … [Continue reading]
AUD/JPY Price Forecast: Softens below 111.00, but mildly bullish tone prevails
The AUD/JPY cross extends the decline to near 110.85 during the early European session on Wednesday. The Australian Dollar (AUD) softens against the Japanese Yen (JPY) amid cooler-than-expected Australian inflation data and uncertainty … [Continue reading]
BoJ Minutes: Members agree rate hikes pppropriate if outlook is realized
The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Wednesday, per the BoJ Minutes of the January meeting. Key quotesOne member said although downward pressure on … [Continue reading]
Australia CPI set to show sticky inflation in February, reinforcing hawkish RBA outlook
The Australian Bureau of Statistics (ABS) will release the Consumer Price Index (CPI) for February on Wednesday at 00:30 GMT, with inflation expected to hold steady at 3.8% YoY and come in flat on a monthly basis. This release comes as the Reserve … [Continue reading]
EUR/USD pares losses as US Dollar eases after PMI data
The Euro (EUR) recovers modestly against the US Dollar (USD) on Tuesday, helping EUR/USD trim part of its earlier losses as the Greenback pulls back slightly from intraday highs following the latest S&P Global Purchasing Managers Index (PMI) … [Continue reading]
Germany 5-y Note Auction: 2.72% vs 2.4%
Gold recovers a major part of intraday losses and climbs closer to the $4,400 mark heading into the European session, though any meaningful recovery still seems elusive. The Iran war continues to fuel inflation fears, curbing bets for interest rate … [Continue reading]
Fed: War fog clouds rate path – BNY
BNY strategist John Velis says the March FOMC broadly matched expectations, with no rate change and minimal forward guidance, while markets swiftly repriced toward a more hawkish path. He highlights that the Middle East conflict and higher energy … [Continue reading]
Silver Price Forecast: XAG/USD weakens to $66.50, bears retain control below 100-day SMA
Silver (XAG/USD) struggles to capitalize on the previous day's solid recovery move from the $61.00 mark, or its lowest level since December 12, and meets with a fresh supply during the Asian session on Tuesday. The white metal dives back closer to … [Continue reading]
NZD/USD rises as risk sentiment improves, US Dollar consolidates
The NZD/USD pair is trading near the 0.5860 price region at the start of the Asian session, having receded almost half its intraday gains late in the American session.The earlier gains came amid a boost in global risk appetite, which rose after … [Continue reading]