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…
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…
Silver Price Forecast: XAG/USD remains below $28.50 due to market caution, looming US CPI
Silver price inches lower as traders adopt caution ahead of the US inflation data release on Wednesday. The non-yielding Silver…
EUR/GBP drops to near 0.8400 ahead of Eurozone Retail Sales
EUR/GBP inches lower amid rising odds of the ECB reducing rates in September. Eurozone Producer Price Index increased by 0.8%…
Gold price extends its decline as traders brace for US PMI data
Gold price trades in negative territory for the third consecutive day in Tuesday’s early European session. The rising US Fed…
Australian Dollar consolidates despite improved market optimism
The Australian Dollar moves sideways despite positive economic data on Monday. Australia’s Building Permits increased by 10.4% MoM in July,…
Australian Dollar holds gains despite a stable US Dollar ahead of PCE Price Index
The Australian Dollar holds its position after Retail Sales reported no growth in July. Australia’s Retail Sales stagnated month-on-month in…
Japanese Yen holds losses amid BoJ Himino’s comments
The Japanese Yen incurrs losses following cautious remarks from BoJ policymaker Himino. The JPY’s downside could be restrained as traders…
Australian Dollar advances due to improved risk optimism
The Australian Dollar appreciates as the RBA is highly expected to adopt a hawkish stance regarding its policy outlook. The…
US Dollar cautiously advances, investors to closely follow Powell’s words
USD sellers take a breather after four sessions of losses. Markets digest weekly Jobless Claims and August PMIs. Rate cut…