USD/CAD rises to near 1.3750 due to the hawkish sentiment surrounding Fed
USD/CAD appreciates due to the prevalent hawkish sentiment surrounding the Fed to prolong its higher interest rate. Fed’s Kashkari believes interest rates to stay unchanged for an extended period. The…
AUD/JPY drops to near 102.00 after RBA’s decision to keep its policy rate unchanged
AUD/JPY struggled after the RBA decided to keep the policy rate unchanged at 4.35% on Tuesday. Analysts from Commonwealth Bank and Westpac forecast that the RBA’s interest rate could have…
NZD/USD edges lower to near 0.6000 amid stable US Dollar
NZD/USD snaps its winning streak due to a rebound in the US Dollar. The US Dollar struggled due to softer-than-expected US jobs data revived hopes for the Fed’s interest rate…
Gold price struggles for a firm intraday direction, hover above $2,300
Gold price fails to lure buyers amid a fresh leg up in the US bond yields, modest USD uptick. A positive risk tone also contributes to capping the upside for…
GBP/JPY depreciates to near 195.00 after possible intervention by Japanese authorities
GBP/JPY moves downward after paring intraday gains, a movement possibly linked to intervention by Japanese authorities. The Pound Sterling has strengthened amidst market expectations of BoE holding off on lowering…
Gold Price Forecast: XAU/USD rebounds on market caution, aims to reach $2,400
Gold price appreciates as traders exercise caution amid concerns about escalating tensions in the Middle East. Jordan’s Foreign Minister Ayman Safadi warned that Israeli retaliation against Iranian strikes could potentially…
GBP/USD edges higher to above 1.2450 amid hawkish sentiment surrounding Fed
GBP/USD rebounds from lows since November amid expectations of the Fed delaying rate cuts. The escalated Middle-East tension could bolster the demand for the US Dollar. BoE could reduce policy…
Silver Price Analysis: XAG/USD peaks to new three-year high above $27.00
Silver’s surge to multi-year highs reflects strong precious metals momentum, undeterred by US job market. Technical outlook hints at more gains, with resistances at $27.50, $28.00. RSI dip may prompt…
GBP/USD trades with a mild negative near 1.2640, eyes on US NFP data, geopolitical risks
GBP/USD trades with mild losses near 1.2640 on the USD’s recovery on Friday. The US weekly Initial Jobless Claims rose last week to the highest since January. Investors expect the…
USD/CAD remains under selling pressure below 1.3530 amid weaker US Dollar, higher oil prices
USD/CAD drifts lower to 1.3520 on the softer US Dollar on Thursday. The US March ISM Services PMI came in weaker than expected, easing to 51.4 from 52.6 in February.…
