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 expectations remain high ahead of Powell’s words on Friday. The…
Australian Dollar remains weaker as US Dollar appreciates due to risk-off mood
The Australian Dollar declines despite a hawkish sentiment surrounding the RBA’s rate trajectory. Australia’s Judo Bank Composite PMI increased to 51.4 in August, fueled by stronger service sector growth. The…
GBP/USD Price Forecast: Holds position above 1.3000 with testing yearly highs
GBP/USD tests a yearly high of 1.3044 level, marked on July 17. The momentum indicator 14-day RSI is positioned slightly below 70 level, suggesting a potential correction soon. The pair…
Silver Price Forecast: XAG/USD pulls back from $29.50 after easing of Middle-East tensions
Silver price edges lower due to the de-escalation of the geopolitical tensions in the Middle East. US Secretary of State Antony Blinken announced that Israel had agreed to a proposal…
Gold price sticks to modest intraday losses around $2,500 amid positive risk tone
Gold price struggles to capitalize on Friday’s breakout momentum amid a positive risk tone. Fed rate cut bets, along with geopolitical risks, might continue to lend support to the metal.…
EUR/USD trades with modest gains amid softer USD, remains below 1.1000 mark
EUR/USD attracts some buyers on Friday amid a modest US Dollar downdraft. Dovish Fed expectations and a positive risk tone weigh on the safe-haven buck. Bets for more ECB rate…
Australian Dollar remains weaker due to a RBNZ’s 25 bps rate cut
The Australian Dollar depreciates following an unexpected 25 basis points rate cut by the RBNZ on Wednesday. The Aussie Dollar may face challenges due to safe-haven flows amid rising geopolitical…
Silver Price Forecast: XAG/USD falls toward $27.50 on easing odds of a deeper Fed-rate cut
Silver price edges lower as traders ease back on a deeper rate cut by the Fed in September. CME’s FedWatch Tool suggests odds of a 50 basis points cut by…
Japanese Yen holds gains as US Dollar remains tepid amid dovish Fed
The Japanese Yen appreciates due to a hawkish sentiment surrounding the BoJ. Japan’s Finance Minister Shunichi Suzuki will continue to monitor market developments closely. The US Dollar receives downward pressure…
Gold price slides below $2,420 level, fresh daily low amid receding safe-haven demand
Gold price struggles to capitalize on the overnight sharp rise to a multi-day peak. Easing fears of an imminent US recession and the risk-on mood act as a headwind. Bets…
