Gold price drops to over two-week low, flirts with $2,300 amid easing Middle East worries
Gold price drifts lower for the second successive day amid receding geopolitical tensions. Reduced Fed rate cut bets continue to underpin the USD and contribute to the downfall. The fundamental…
USD/CAD moves below 1.3750, extends losses despite lower crude Oil prices
USD/CAD faces challenges due to the weaker US Dollar despite higher US Treasury yields. The decline in WTI prices, attributed to de-escalated geopolitical tensions in the Middle East, restrains the…
Australian Dollar depreciates as riskier assets fall on escalated tensions in Middle East
The Australian Dollar loses ground on heightened risk aversion as Israeli missiles struck a site in Iran. Australia’s equity market falls to a two-month low of 7,489 on Friday. The…
Gold Price Forecast: XAU/USD rebounds on market caution, aims to reach $2,400
Gold price appreciates as traders exercise caution amid concerns about escalating tensions in the Middle East. Jordan’s Foreign Minister Ayman Safadi warned that Israeli retaliation against Iranian strikes could potentially…
UK CPI Preview: Another decline expected as markets pile into BoE rate cut bets in September
The March UK CPI report will be released by the Office for National Statistics on Wednesday. United Kingdom’s headline and core annual inflation are set to ease in March. The…
Australian Dollar maintains position after mixed Chinese data amid stronger US Dollar
Australian Dollar loses ground on risk aversion as traders await Israel’s response to Iran’s attack. Australian currency faces challenges due to differing monetary policy outlooks between the RBA and the…
GBP/USD edges higher to above 1.2450 amid hawkish sentiment surrounding Fed
GBP/USD rebounds from lows since November amid expectations of the Fed delaying rate cuts. The escalated Middle-East tension could bolster the demand for the US Dollar. BoE could reduce policy…
Japanese Yen remains confined in a range near multi-decade low against USD
The Japanese Yen remains depressed near a multi-decade low amid the BoJ’s dovish outlook. The divergent Fed-BoJ expectations support prospects for a further JPY depreciation move. Intervention fears hold back…
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…
