NZD/USD refreshes multi-week top, bulls now await a move beyond 0.6200 mark
NZD/USD scales higher for the seventh straight day and climbs to a fresh multi-week top. Delayed RBNZ rate cut bets underpin the NZD, though some USD dip-buying caps gains. Geopolitical…
US Dollar languishes near multi-week low, looks to FOMC minutes for fresh impetus
The USD Index (DXY) struggles to lure buyers amid bets for a Fed rate cut by mid-2024. Elevated US bond yields and a softer risk tone should help limit losses…
Gold Price Forecast: XAU/USD retreats to near $2,018 after halting a winning streak
Gold price loses ground as US Dollar improves on Tuesday. The improvement in US Treasury yields could impact the non-yield assets like Gold. Investors await FOMC minutes to gain the…
USD/CAD attracts some sellers below the 1.3500 mark ahead of Canadian CPI data
USD/CAD loses ground near 1.3480, adding 0.02% on the day. The US Producer Price Index (PPI) climbed 0.3% MoM in January from a 0.1% decline, the biggest move since August.…
Gold price bulls remain on the sidelines amid modest US Dollar uptick
Gold price is seen consolidating in a narrow trading band above the $2,000 mark on Friday. Rising US bond yields underpin the USD and cap the yellow metal amid a…
US Dollar Index consolidates around 104.70 with a negative bias, US Retail Sales eyed
US Dollar Index faces challenges due to subdued US Treasury yields. The risk appetite is improved possibly on remarks from Fed officials. FedWatch Tool suggests a 90% chance of no…
GBP/USD Price Analysis: Trades with a positive bias around 1.2600 ahead of UK CPI
GBP/USD edges higher on Wednesday, though the uptick lacks strong bullish conviction. Traders opt to wait on the sidelines ahead of the UK CPI report amid a bullish US Dollar.…
US CPI data Preview: Inflation is set to fall in January, but by how much?
The US Consumer Price Index is set to rise 3% YoY in January, down from December’s 3.4% increase. Annual Core CPI inflation is expected to edge lower to 3.8% in…
Australian Dollar strengthens on risk-on sentiment amid a weaker US Dollar
Australian Dollar gains ground on risk-on sentiment ahead of US CPI data. Australian money market moves lower on Monday despite a record surge in US markets on Friday. China markets…
Pound Sterling retreats as hopes of rate cuts from BoE escalate
Pound Sterling fails to hold gains inspired by upbeat S&P Global Services PMI data. The UK economy is on the brink of a technical recession. BoE’s Pill signals that policymakers…
