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…
USD/CHF improves to near 0.8650 despite the downbeat US yields
USD/CHF rebounds despite the decline in the US bond yields. US GDP Q4 is expected to ease at 2.0% from the previous reading of 4.9%. Traders await next week’s Swiss…
EUR/USD hovers around 1.0850 ahead of Eurozone PMI, US Dollar remains stable
EUR/USD attempts to gain ground ahead of PMI data from the Eurozone and Germany. The downbeat EU Consumer Confidence weighed on the Euro. The risk-averse sentiment is driving the US…
EUR/JPY Price Analysis: The first upside barrier is seen at 161.60
EUR/JPY gains ground near 161.48 ahead of the Bank of Japan’s (BoJ) key event. The bullish outlook of the cross remains intact above the key EMA; RSI indicator stands in…
Australian Dollar hovers above a psychological level after intraday gains, US PPI eyed
Australian Dollar gains strength after the release of the mixed Chinese data. Australian currency retraces its recent losses on risk-on mood. Chinese CPI YoY fell by 0.3% and the monthly…
