Gold price sticks to modest intraday gains, bulls seem non-committed ahead of US data
Gold price regains some positive traction on Tuesday, albeit lacks follow-through buying. Sliding US bond yields undermine the USD and lend some support to the XAU/USD. Geopolitical risks also benefit…
Australian Dollar maintains its position post intraday gains, US Dollar remains stable
Australian Dollar strengthens on dashed hopes for RBA rate cuts. Australia’s ASX 200 moves higher following the overnight surge on Wall Street. US Dollar received upward support as mixed US…
NZD/USD refreshes multi-week top, bulls now await a move beyond 0.6200 mark
NZD/USD scales higher for the seventh straight day and climbs to a fresh multi-week top. Delayed RBNZ rate cut bets underpin the NZD, though some USD dip-buying caps gains. Geopolitical…
US Dollar languishes near multi-week low, looks to FOMC minutes for fresh impetus
The USD Index (DXY) struggles to lure buyers amid bets for a Fed rate cut by mid-2024. Elevated US bond yields and a softer risk tone should help limit losses…
Gold Price Forecast: XAU/USD retreats to near $2,018 after halting a winning streak
Gold price loses ground as US Dollar improves on Tuesday. The improvement in US Treasury yields could impact the non-yield assets like Gold. Investors await FOMC minutes to gain the…
USD/CAD attracts some sellers below the 1.3500 mark ahead of Canadian CPI data
USD/CAD loses ground near 1.3480, adding 0.02% on the day. The US Producer Price Index (PPI) climbed 0.3% MoM in January from a 0.1% decline, the biggest move since August.…
US Dollar Index consolidates around 104.70 with a negative bias, US Retail Sales eyed
US Dollar Index faces challenges due to subdued US Treasury yields. The risk appetite is improved possibly on remarks from Fed officials. FedWatch Tool suggests a 90% chance of no…
EUR/GBP edges lower to near 0.8570 ahead of Retail Sales data from Eurozone, UK
EUR/GBP faces a challenge as the BoE is expected to avoid rate cuts in its upcoming meeting. BoE Chief Economist Huw Pill called the expectation of interest rate cut premature.…
US Dollar Index grapples to extend its gains, hovers around 103.50
US Dollar Index gains ground due to the Fed’s hawkish stance on interest rate trajectory. US Federal Reserve maintained its current interest rates at 5.50% as expected. Fed Powell indicated…
EUR/USD Price Analysis: Languishes near monthly low, focus remains on Fed decision
EUR/USD comes under some renewed selling pressure amid a modest pickup in the USD demand. The technical setup favours bearish traders and supports prospects for a further depreciating move. A…
