EUR/USD Current price: 1.1401The Hamburg Commercial Bank upwardly revised the Eurozone May Composite PMI.The US May ADP Employment Change report came in much worse than anticipated.EUR/USD aims higher, yet lacks directional momentum in the near term. … [Continue reading]
Why is the ECB set to cut interest rates again and what does that mean
The European Central Bank (ECB) is widely expected to cut interest rates on Thursday. If it does so, it would be the seventh consecutive cut – the eighth since the central bank started the current easing cycle in June last year – and a key step … [Continue reading]
Gold Price Forecast: XAU/USD battles key resistance ahead of high-impact US data
Gold price bounces back toward $3,400 early Wednesday, awaits US jobs data.The US Dollar loses JOLTS survey-led traction as trade jitters remain a drag. Gold price retests key resistance zone near $3,377 on the daily chart amid bullish RSI.Gold … [Continue reading]
USD/CAD remains on the defensive near 1.3700 ahead of BoC rate decision
USD/CAD softens to near 1.3715 in Wednesday’s early Asian session. Persistent tariff tensions weigh on the US Dollar. The BoC is expected to hold rates at 2.75% on Wednesday. The USD/CAD pair remains on the defensive around 1.3715 … [Continue reading]
Ripple Price Prediction: XRP could stage massive recovery amid growing institutional adoption
XRP regains strength after testing $2.00 support backed by growing institutional interest.Renewable energy company VivoPower diversifies investment with a $121 million XRP-focused treasury.Short-term resistance at $2.35 could temper bullish momentum … [Continue reading]
Fed’s Bostic: The best approach for monetary policy is patience
Atlanta Federal Reserve President Raphael Bostic indicated that a robust economy provides the US central bank with the opportunity to consider the effects of tariffs on inflation and growth, while also expressing openness to the potential for a … [Continue reading]
Is the Fed really to blame for the weak USD? – Commerzbank
The reason for the significant strengthening of the US Dollar (USD) in September, when Donald Trump's second term in office was approaching, was obvious. It was widely anticipated that tariffs would push up prices for US consumers and that the Fed … [Continue reading]
USD/INR rises amid modest US Dollar bids, higher oil prices
Indian Rupee loses traction in Tuesday’s early European session. The renewed US Dollar demand and higher oil prices weigh on the INR.Investors await the US JOLTs Job Openings later on Tuesday ahead of the RBI decision. The Indian Rupee … [Continue reading]
BoJ likely to halt bond purchase cuts next year, ex-official says
Bank of Japan (BoJ) former board member Makoto Sakurai said on Tuesday that the Japanese central bank will probably halt its quarterly reductions in government bond purchases starting next fiscal year, per Bloomberg. The BoJ has been trimming … [Continue reading]
Dow Jones Industrial Average recovers footing but trade fears continue to weigh
The Dow Jones continues to churn near 42,000 as investors await calmer trade headlines.The Trump administration is set to impose stiff steel tariff increases.Donald Trump’s legal battle around global tariffs has deepened this week.The Dow Jones … [Continue reading]