Japanese Yen remains on the back foot against USD ahead of BoJ’s post-meeting presser
The Japanese Yen struggles to gain any meaningful traction after the BoJ decision this Tuesday. The Japanese central bank decided to leave its ultra-loose monetary policy settings unchanged. Traders, however,…
EUR/JPY Price Analysis: The first upside barrier is seen at 161.60
EUR/JPY gains ground near 161.48 ahead of the Bank of Japan’s (BoJ) key event. The bullish outlook of the cross remains intact above the key EMA; RSI indicator stands in…
EUR/USD Price Analysis: Builds on overnight recovery from 200-day SMA, bearish bias remains
EUR/USD attracts buyers for the second straight day and moves away from over a one-month low. The setup favours bear and supports prospects for the emergence of fresh selling at…
Australian Dollar moves on a downward trajectory ahead of US Retail Sales data
Australian Dollar faced challenges on improved US Dollar amid market caution. Australian central bank is expected to refrain from increasing interest rates, influenced by lower consumer confidence in January. The…
Australian Dollar hovers above a psychological level after intraday gains, US PPI eyed
Australian Dollar gains strength after the release of the mixed Chinese data. Australian currency retraces its recent losses on risk-on mood. Chinese CPI YoY fell by 0.3% and the monthly…
US CPI Data Preview: Declining core inflation could reinforce expectations of Fed rate cuts
The US Consumer Price Index is set to rise 3.2% YoY in December, up from November’s 3.1% increase. Annual Core CPI inflation is expected to edge lower to 3.8% in…
NZD/USD edges higher to near 0.6240, Kiwi Building permits, US CPI eyed
NZD/USD faced a challenge as the risk-on mood shifted to risk aversion. Traders await November’s Kiwi Building Permits followed by the Chinese CPI and PPI. US Dollar remains calm amid…
USD/CAD retraces its recent losses amid stable oil prices, improves to near 1.3350
USD/CAD attempts to gain ground on stable Crude oil prices. WTI price holds ground on the uncertainty around the Israel-Gaza conflict. Fed members emphasize flexibility in monetary policy; triggering a…
Australian Dollar moves downward to a psychological level amid a stable US Dollar
Australian Dollar loses ground as the US Dollar continues to gain ground. Australian Retail Sales data is anticipated to increase by 1.2% against the previous decline of 0.2%. Chinese wealth…
Gold price sticks to intraday gains despite modest USD strength, rising US bond yields
Gold price regains positive traction and stalls its corrective slide from a multi-week top. Dovish Fed expectations and geopolitical risks continue to lend support to the XAU/USD. Rising US bond…
