Silver Price Analysis: XAG/USD peaks to new three-year high above $27.00
Silver’s surge to multi-year highs reflects strong precious metals momentum, undeterred by US job market. Technical outlook hints at more gains, with resistances at $27.50, $28.00. RSI dip may prompt…
GBP/USD trades with a mild negative near 1.2640, eyes on US NFP data, geopolitical risks
GBP/USD trades with mild losses near 1.2640 on the USD’s recovery on Friday. The US weekly Initial Jobless Claims rose last week to the highest since January. Investors expect the…
USD/CAD remains under selling pressure below 1.3530 amid weaker US Dollar, higher oil prices
USD/CAD drifts lower to 1.3520 on the softer US Dollar on Thursday. The US March ISM Services PMI came in weaker than expected, easing to 51.4 from 52.6 in February.…
USD/INR gains momentum ahead of US ADP, Services PMI data
Indian Rupee struggles to gain ground amid the higher oil prices. The rising Middle East geopolitical tensions might weigh on the INR. Investors will focus on the US ADP Employment…
GBP/USD remains on the defensive below 1.2550 amid firmer US Dollar, upbeat US PMI data
GBP/USD struggles to gain ground near 1.2545 on the stronger US Dollar. The US ISM manufacturing data unexpectedly expanded for the first time in nearly 18 months. The dovish stance…
AUD/USD gains ground above 0.6520 amid quiet session
AUD/USD holds positive ground near 0.6525, adding 0.16% on the day. The US PCE was up 2.5% YoY in February, in line with the market consensus. The Chinese NBS Manufacturing…
GBP/JPY Price Analysis: Consolidates around 191.00 amid thin liquidity conditions
GBP/JPY hovers around 191.00, reflecting market caution ahead of Japanese unemployment and industrial production updates. Wall Street ends Q1 on a mixed note, with UK’s recession confirmation and vigilance over…
GBP/USD attracts some sellers below 1.2620 on Fed Waller’s hawkish comments
GBP/USD remains under pressure around 1.2614 following hawkish comments from Fed’s official on Thursday. Fed’s Waller said there is no rush to cut the rate and may need to maintain…
NZD/USD remains on the defensive near 0.6000, traders await RBNZ’s Orr speech
NZD/USD trades on a softer note near 0.6000 after retracing from a weekly top of nearly 0.6030 on Wednesday. The rate-cutting expectation and dovish comments from Fed officials exert some…
Gold Price Forecast: XAU/USD posts modest gains above the mid-$2,100s amid geopolitical tension risks
Gold price posts modest gains near $2,168 in Monday’s early Asian session. The FOMC maintained its outlook for three quarter-point rate cuts this year, which benefit the gold price. The…
