Japanese Yen edges lower despite the intervention threat by authorities
The Japanese Yen inches lower as the US Dollar rebounds. The JPY could limit its downside as traders expect further intervention by Japanese authorities. The greenback may limit its upside…
Australian Dollar holds gains ahead of Michigan Consumer Sentiment Index
The Australian Dollar recovers its losses as soft US inflation data raises expectations of Fed reducing rates. China’s Trade Balance for June came in at $99.05 billion, widening from the…
USD/CHF edges lower below 0.9000, US CPI data looms
USD/CHF loses momentum around 0.8995 in Thursday’s early European session. Fed’s Powell said the case for interest rate cuts is becoming stronger as inflation data showed some modest further progress.…
Gold price holds positive ground ahead of Fed Chair Powell’s second testimony
The Gold price gains traction in Wednesday’s early European session. Rising Fed rate cut bets continue to lift the yellow metal. The PBoC refrained from buying gold for a consecutive…
Japanese Yen remains tepid despite fears of intervention by authorities
The Japanese Yen struggles due to overseas asset purchases by Japanese individuals through the NISA program. The BoJ is set to evaluate a viable strategy for reducing its government bond…
Gold price attracts some sellers as PBoC’s China keeps Gold buying on hold
The Gold price loses momentum below the $2,400 barrier on Monday. Yellow metal edges lower as China’s Central Bank has stopped buying for the second month in June. The expectation…
Australian Dollar improves as US Dollar struggles ahead of NFP
The Australian Dollar extends gains as persistently high inflation prompts the RBA to delay rate cuts. RBA’s Meeting Minutes suggest an upside risk for May’s Consumer Price Index (CPI). The…
Silver Price Forecast: XAG/USD holds ground above $29.50 as Fed’s Powell turns dovish
Silver price appreciates as Fed Chair Jerome Powell believes that the central bank is getting back on the disinflationary path. The non-yielding Silver might gain ground as recent US inflation…
Gold price maintains its offered tone below 50-day SMA, looks to Fed Chair Powell’s speech
Gold price meets with a fresh supply on Tuesday amid some follow-through USD buying. Rising bets for a September Fed rate cut should limit any further losses for the XAU/USD.…
Gold price lacks firm intraday direction, upside remains capped amid rising US bond yields
Gold price oscillates in a narrow trading band on Monday amid mixed fundamental cues. Rising bets for a September Fed rate cut weigh on the USD and lend support to…
