The Japanese Yen declines as BoJ is widely expected to leave its policy unchanged
The Japanese Yen edges lower as the BoJ is widely expected to leave interest rates unchanged on Friday. The downside of the Japanese Yen could be limited as caution prevails…
GBP/USD Price Analysis: Hovers around 1.2750 ahead of UK GDP
GBP/USD may gain ground as technical analysis suggests a bullish bias for the pair. The momentum indicator MACD suggests confirmation of a bullish trend for the pair. The pair may…
Silver Price Forecast: $30.0 appears a tough nut to crack for XAG/USD
Silver price edges higher near $29.40 Wednesday’s Asian session, up 0.40% on the day. The negative stance of Silver remains intact below the 100-period EMA, with a bearish RSI indicator.…
Silver Price Analysis: Making lower lows in the short-term
Silver is declining steadily on the intraday charts suggesting a short-term bear trend bias at work. The precious metal is currently pulling back up to resistance from the bottom of…
US Nonfarm Payrolls growth set to stabilize in May as signs of cooling labor market mount
US Nonfarm Payrolls are foreseen at 185K in May, data hints at a miss. The United States Employment report could impact the Federal Reserve’s decision next week. The US Dollar…
Gold price rises to two-week high amid Fed rate cut bets, softer US Dollar
Gold price advances to a two-week top amid the emergence of fresh USD selling. Rising Fed rate cut bets keep the US bond yields depressed and weigh on the buck.…
EUR/JPY Price Analysis: The key upside barrier emerges above 170.00
EUR/JPY attracts some buyers near 169.30 in Wednesday’s early European session, up 0.50% on the day. The cross keeps the negative picture unchanged below the 100-period EMA, with the bearish…
Australian Dollar comes under pressure after unexpected current account deficit
The Australian Dollar edges lower, possibly due to an unexpected current account deficit of A$ 4.9 billion in Q1. Australia’s GDP is expected to grow by 0.2% in the first…
Pound Sterling ticks down amid uncertainty ahead of US core PCE Inflation
The Pound Sterling is down slightly against the US Dollar ahead of the US core PCE inflation data. The underlying US inflation data is expected to have grown steadily. UK…
WTI drops to near $79.00 ahead of key US economic releases
WTI price lost ground as traders adopt risk-averse ahead of EIA crude Oil Stocks Change report due on Thursday. OPEC+ is expected to opt to maintain supply cuts of 2.2…
