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…
NZD/USD edges higher to near 0.6240, Kiwi Building permits, US CPI eyed
NZD/USD faced a challenge as the risk-on mood shifted to risk aversion. Traders await November’s Kiwi Building Permits followed by the Chinese CPI and PPI. US Dollar remains calm amid…
USD/CAD retraces its recent losses amid stable oil prices, improves to near 1.3350
USD/CAD attempts to gain ground on stable Crude oil prices. WTI price holds ground on the uncertainty around the Israel-Gaza conflict. Fed members emphasize flexibility in monetary policy; triggering a…
Gold price sticks to intraday gains despite modest USD strength, rising US bond yields
Gold price regains positive traction and stalls its corrective slide from a multi-week top. Dovish Fed expectations and geopolitical risks continue to lend support to the XAU/USD. Rising US bond…
Gold Price Forecast: XAU/USD rises toward $2,100 on dovish Fed outlook
Gold price gains ground as the US Dollar continuously depreciates. The Middle East conflict contributes to strengthening the demand for the yellow metal. China NDRC’s Chairman Zheng Shanjie said to…
WTI moves upward near $75.50 on dovish Fed outlook, Maersk, CMA CGM return to Red Sea
WTI price gains ground as expected rate cuts could help in increasing oil demand. Crude oil prices could find resistance as Major shipping firms have begun returning to the Red…
EUR/JPY extends its downside below 154.50 ahead of ECB rate decision
EUR/JPY drops to the lowest level since October, near 154.35. The European Central Bank (ECB) is expected to hold the rate steady at 4.0% on Thursday. The Bank of Japan’s…
