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…
USD/CAD holds above the 1.3600 mark ahead of US Jobless Claims data
USD/CAD drifts higher on the firmer US Dollar. The Bank of Canada (BoC) maintained its key overnight rate unchanged at 5.0%. ADP private payrolls climbed 103K in November versus 106K…
AUD/USD Price Analysis: Corrects from multi-month top, downside seems limited ahead of RBA on Tuesday
AUD/USD retreats after touching over a fresh five-month top during the Asian session on Monday. The cautious market mood underpins the safe-haven USD and weighs on the risk-sensitive Aussie. The…
USD/CAD retraces the recent losses as Crude prices drop, moves above 1.3650
USD/CAD receives upward pressure on weaker Crude oil. WTI prices fall as investors anticipate an agreement on supply cuts into 2024. CAD gained ground on upbeat Canada’s retail Sales on…
USD/CAD hovers around 1.3680 with a negative bias amid lowered Crude prices
USD/CAD seems biased to move downward despite the weakening in Crude oil prices. WTI prices lose ground on an unexpected delay in an upcoming OPEC+ meeting. US economic data turn…
