GBP/USD remains on the defensive below 1.2550 amid firmer US Dollar, upbeat US PMI data
GBP/USD struggles to gain ground near 1.2545 on the stronger US Dollar. The US ISM manufacturing data unexpectedly expanded for the first time in nearly 18 months. The dovish stance…
AUD/USD gains ground above 0.6520 amid quiet session
AUD/USD holds positive ground near 0.6525, adding 0.16% on the day. The US PCE was up 2.5% YoY in February, in line with the market consensus. The Chinese NBS Manufacturing…
GBP/JPY Price Analysis: Consolidates around 191.00 amid thin liquidity conditions
GBP/JPY hovers around 191.00, reflecting market caution ahead of Japanese unemployment and industrial production updates. Wall Street ends Q1 on a mixed note, with UK’s recession confirmation and vigilance over…
GBP/USD attracts some sellers below 1.2620 on Fed Waller’s hawkish comments
GBP/USD remains under pressure around 1.2614 following hawkish comments from Fed’s official on Thursday. Fed’s Waller said there is no rush to cut the rate and may need to maintain…
NZD/USD remains on the defensive near 0.6000, traders await RBNZ’s Orr speech
NZD/USD trades on a softer note near 0.6000 after retracing from a weekly top of nearly 0.6030 on Wednesday. The rate-cutting expectation and dovish comments from Fed officials exert some…
Gold Price Forecast: XAU/USD posts modest gains above the mid-$2,100s amid geopolitical tension risks
Gold price posts modest gains near $2,168 in Monday’s early Asian session. The FOMC maintained its outlook for three quarter-point rate cuts this year, which benefit the gold price. The…
USD/CAD gains momentum above 1.3570, eyes on Fed rate decision
USD/CAD holds positive ground near 1.3578 in Wednesday’s Asian session. Fed is anticipated to keep rates steady in a range of 5.25% to 5.5% at its policy meeting on Wednesday.…
EUR/USD remains under pressure above the mid-1.0800s, Fed rate decision eyed
EUR/USD remains on the defensive near 1.0872 amid renewed USD demand. The Fed is anticipated to hold benchmark interest rates steady in the range of 5.25%–5.50% at its March meeting.…
AUD/USD remains on the defensive above the mid-0.6500s, all eyes on RBA, Fed rate decision
AUD/USD loses ground near 0.6560 in Monday’s early Asian session. The RBA is anticipated to leave its key interest rate unchanged at 4.35% on Tuesday. The US FOMC is likely…
GBP/USD extends its downside below 1.2750, US data eyed
GBP/USD remains under pressure around 1.2745, losing 0.06% on the day. US Retail Sales rose 0.6% MoM in February from -1.1% in January, worse than expected. BoE’s Bailey said central…
