Australian Dollar grapples to halt its losses, while US Dollar remains steady
The Australian Dollar continues to lose ground after the higher-than-expected US PMI data. Australian equities faced pressure due to the lower commodity prices amid hawkish sentiment surrounding the Fed. The…
EUR/USD remains above 1.0800 ahead of Eurozone PMI
EUR/USD holds its position ahead of the releases of PMI data from the Eurozone and Germany. Eurozone Manufacturing Services PMIs are expected to tick upwards slightly in May. FOMC Minutes…
EUR/USD remains calm around 1.0850 ahead of FOMC Minutes
EUR/USD halts its two days of losses ahead of FOMC Minutes on Wednesday. Fed’s Susan Collins stated that progress toward interest rate adjustment will take longer. The likelihood of surrounding…
Australian Dollar remains firmer due to risk-on mood, RBA Minutes eyed
The Australian Dollar appreciates due to improved risk appetite on Monday. The Aussie Dollar may struggle as Australia’s 10-year bond has dropped to its monthly lows. The US Dollar faces…
USD/JPY climbs to near 156.00 as BoJ maintains bond-buying
USD/JPY appreciates as BoJ maintains its bond-buying amounts from the previous operation. Former BOJ chief economist Toshitaka Sekine suggested the central bank could raise the rate three times in 2024.…
Australian Dollar retreats from four-month highs after higher Unemployment Rate
The Australian Dollar loses ground due to dovish sentiment surrounding RBA’s policy stance. The Australian Unemployment Rate increased to 4.1% in April, from the previous reading of 3.9%. The US…
GBP/USD clings to near 1.2550 ahead of Unemployment Rate
GBP/USD holds its position around the major level of 1.2550 due to improved risk sentiment. Unemployment Rate (3M) is expected to show an increase in unemployed workers. Fed Vice Chair…
NZD/USD drops to near 0.6000 after the release of the softer Kiwi data
NZD/USD has depreciated as the softer Inflation Expectations (Q2) fueled speculation that the RBNZ may lower rates in 2024. The Kiwi Business NZ PSI fell to 47.1 in April, its…
EUR/USD Price Analysis: The crucial resistance level will emerge at the 1.0790–1.0800 region
EUR/USD weakens to 1.0775 on the firmer USD on Friday. The pair keeps the bearish vibe below the key EMA on the daily timeframe. The key resistance level will emerge…
NZD/USD inches higher to near 0.6000 after Chinese Trade data
NZD/USD gains ground after Chinese import shows rise in April. RBNZ indicated a delay in any potential rate cut until 2025. The higher US Treasury yields are contributing support for…
