EUR/USD remains above 1.0800 ahead of Eurozone PMI
EUR/USD holds its position ahead of the releases of PMI data from the Eurozone and Germany. Eurozone Manufacturing Services PMIs are expected to tick upwards slightly in May. FOMC Minutes…
EUR/USD remains calm around 1.0850 ahead of FOMC Minutes
EUR/USD halts its two days of losses ahead of FOMC Minutes on Wednesday. Fed’s Susan Collins stated that progress toward interest rate adjustment will take longer. The likelihood of surrounding…
GBP/USD clings to near 1.2550 ahead of Unemployment Rate
GBP/USD holds its position around the major level of 1.2550 due to improved risk sentiment. Unemployment Rate (3M) is expected to show an increase in unemployed workers. Fed Vice Chair…
NZD/USD drops to near 0.6000 after the release of the softer Kiwi data
NZD/USD has depreciated as the softer Inflation Expectations (Q2) fueled speculation that the RBNZ may lower rates in 2024. The Kiwi Business NZ PSI fell to 47.1 in April, its…
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…
