Australian Dollar Climbs to Nine-Month High as RBA Keeps OCR Unchanged
The Australian dollar hit a nine-month high of 0.6859 following the Reserve Bank of Australia’s policy decision. The Reserve Bank of Australia decided to keep interest rates at 4.35% in…
Geopolitical Risks Propel Gold to Historic Highs
Gold prices traded in the positive territory in the Asian session on Monday. US Federal Reserve rate cuts and geopolitical risks in the Middle East continue to support precious metals.…
Gold Stays Firm Near Record High, Defying Upbeat Market Trends
Gold prices (XAU/USD) have gained positive momentum for the second consecutive day on Friday, moving steadily closer to the $2,600 level, near their all-time high, during the early European session.…
Japanese Yen Stays Weak as Fed Signals Higher Long-Term Rates
The yen weakened after Fed Chairman Jerome Powell said the 50 basis point cut was “not a new step.” The yen’s downside could be limited due to the hawkish sentiment…
EUR/USD Maintains Gains Above 1.1100 Ahead of Fed Policy Call
EUR/USD remains above 1.1100 as cash flow remains under pressure ahead of the Fed’s policy decision at 18:00 GMT. The European Central Bank’s Villeroy believes policy reforms will continue. Monetary…
Australian Dollar remains subdued due to rising concerns over China economy
The Australian Dollar receives downward pressure from concerns over glooming China’s economy. The Aussie Dollar’s downside could be restrained due to hawkish sentiment surrounding the Reserve Bank of Australia’s policy…
Silver Price Forecast: XAG/USD advances to near $31.00 as looming Fed policy decision
Silver price extends its upside due to rising expectations of an aggressive rate cut by the Fed. The demand for dollar-denominated Silver gains attraction as it becomes cheaper for buyers…
Gold price bulls retain control near all-time peak amid bets for a larger Fed rate cut
Gold price scales higher for the second straight day and climbs to a fresh all-time high. Rising bets for a larger Fed rate cut weigh on the USD and boost…
Gold price sticks to modest intraday gains, remains confined in a multi-week-old range
Gold price drifted lower following the release of the crucial US CPI report on Wednesday. Diminishing odds for a 50-bps rate cut in September lifts the US bond yields and…
Australian Dollar remains stable due to improved risk sentiment ahead of US CPI
The AUD/USD pair holds ground following the remarks from the RBA’s Chief Economist Sarah Hunter. RBA’s Sarah Hunter noted that elevated rates are suppressing demand, which is expected to lead…
