AUD/USD remains firm amidst strong USD, following major central bank decisions
AUD/USD recovers to 0.6571 after dipping, despite central bank actions. BoJ hikes, SNB cuts rates, and other central banks are steady. Mixed US data: manufacturing up, services, and composite PMIs…
ASX 200 fluctuates around 7,750, pares likelihood of RBA rate cuts in 2024
ASX 200 trades in a range after positive employment data on Thursday. Australia’s private sector activity marked its second consecutive month of expansion in March. The S&P 500 reached 5,200…
USD/CAD gains momentum above 1.3570, eyes on Fed rate decision
USD/CAD holds positive ground near 1.3578 in Wednesday’s Asian session. Fed is anticipated to keep rates steady in a range of 5.25% to 5.5% at its policy meeting on Wednesday.…
EUR/USD remains under pressure above the mid-1.0800s, Fed rate decision eyed
EUR/USD remains on the defensive near 1.0872 amid renewed USD demand. The Fed is anticipated to hold benchmark interest rates steady in the range of 5.25%–5.50% at its March meeting.…
AUD/USD remains on the defensive above the mid-0.6500s, all eyes on RBA, Fed rate decision
AUD/USD loses ground near 0.6560 in Monday’s early Asian session. The RBA is anticipated to leave its key interest rate unchanged at 4.35% on Tuesday. The US FOMC is likely…
GBP/USD extends its downside below 1.2750, US data eyed
GBP/USD remains under pressure around 1.2745, losing 0.06% on the day. US Retail Sales rose 0.6% MoM in February from -1.1% in January, worse than expected. BoE’s Bailey said central…
USD/CAD drifts lower to 1.3470, investors await US Retail Sales data
USD/CAD loses traction near 1.3468 on the softer USD. The upbeat US CPI data might keep the Fed waiting until the summer before starting to cut rates. Markets believe the…
Australian Dollar recovers recent losses on higher ASX 200, US Dollar remains calm
Australian Dollar exhibits sideways movement with a bias to recover recent losses. Australia’s S&P/ASX 200 Index mirrors the gains seen on Wall Street overnight, avoiding the upbeat US Inflation data.…
EUR/USD inches higher to near 1.0930, focus on US inflation data
EUR/USD rebounds on Tuesday after registering losses in the previous sessions. CME FedWatch Tool suggests a 55.2% probability of a 25 bps rate cut for June. The market expects German…
Australian Dollar experiences a decline amid a weaker ASX 200, US Dollar remains steady
Australian Dollar halts its winning streak amid a tepid US Dollar. Australia’s S&P/ASX 200 Index retreats from all-time highs as investors booked profits. China’s CPI YoY and MoM increased by…
