AUD/USD added to recent losses and put the 0.6400 level to the test.The US Dollar traded slightly on the back foot on mixed US data, trade.Australia showed a solid jobs report in April. Inflation Expectations eased in May.AUD/USD slipped under … [Continue reading]
EUR/USD gives back some early gains as US-China trade relations improve
EUR/USD surrenders some of its initial gains as the US Dollar bounces back due to an improvement in US-China trade relations.Beijing has rolled back non-tariff measures on 45 US entities.The EU is prepared with countermeasures if trade talks with the … [Continue reading]
EUR/GBP holds positive ground above 0.8400 after UK GDP data
EUR/GBP trims recent gains to around 0.8430 in Thursday’s early European session.UK preliminary GDP grew 0.7% QoQ in Q1 2025, stronger than expected. Investors brace for the Eurozone Q1 GDP report, which is due later on Thursday.The EUR/GBP … [Continue reading]
VanEck launches tokenized US Treasury fund on BNB, Avalanche, Ethereum, and Solana
Asset manager, VanEck launches VBILL to offer tokenized U.S. Treasury to institutional investors on Ethereum, Avalanche, Solana, and BNB Chain.Minimum investment starts at $100,000 for Avalanche, rising to $1 million for Ethereum-based … [Continue reading]
Unemployment rate in Australia expected to hold steady at 4.1% in April
The Australian Unemployment Rate is foreseen unchanged at 4.1% in April.Employment Change is expected to post a modest advance at the beginning of the second quarter. AUD/USD pressures the upper end of its latest range, aims for a bullish … [Continue reading]
Dow Jones Industrial Average settles slightly lower on tepid Wednesday
The Dow Jones shed another 100 points on Wednesday, easing back toward 42,000.A midweek lull in data releases and major headlines is giving equity markets a breather.US PPI inflation, Retail Sales, and UoM consumer survey results still lurk ahead … [Continue reading]
USD extending weakness as markets focus on US/Korea talks, US bias – Scotiabank
The US Dollar (USD) is weakening broadly into Wednesday’s NA session, extending Tuesday’s CPI driven-decline and retracing most of its US/China-trade related relief gains from the start of the week, Scotiabank's Chief FX Strategist Shaun Osborne … [Continue reading]
USD/JPY Price Forecast: Slides closer to 146.00 as BoJ rate hike bets overshadow trade optimism
USD/JPY attracts sellers for the second successive day amid a combination of negative factors.The BoJ rate hike bets underpin the JPY and exert pressure on spot prices amid a softer USD.The US-China trade optimism could underpin the safe-haven JPY … [Continue reading]
Gold Price Forecast: XAU/USD sellers likely in control whilst below 21-day SMA
Gold price reverses the previous rebound from weekly lows early Wednesday. The US Dollar stays defensive on inflation cooldown amid trade talks in focus.Gold price needs acceptance above the 21-day SMA for a sustained recovery.Gold price is … [Continue reading]
Silver Price Forecast: XAG/USD hovers around $33.00 amid weak US Dollar
Silver holds near $33.00, supported by soft Dollar and improved risk appetite.RSI flattens despite bullish tone, suggesting near-term indecision and possible consolidation.Break above $33.25 targets $33.68 and $34.00; drop below $32.75 may expose … [Continue reading]