EUR/JPY extends its downside below 154.50 ahead of ECB rate decision
EUR/JPY drops to the lowest level since October, near 154.35. The European Central Bank (ECB) is expected to hold the rate steady at 4.0% on Thursday. The Bank of Japan’s…
Gold price extends its consolidative price move near multi-week low, FOMC decision awaited
Gold price is seen consolidating its recent losses to a three-week trough. Reduced bets for a March Fed rate cut cap the upside for the XAU/USD. Traders also seem reluctant…
US CPI Data Preview: Inflation expected to soften again in November on declining Oil prices
The US Consumer Price Index is forecast to rise 3.1% YoY in November, down from the 3.2% increase recorded in October. Annual Core CPI inflation is expected to hold steady…
Gold price languishes near two-week low, focus shifts to US CPI and key central bank meetings
Gold price remains under some selling pressure for the second successive day on Monday. Reduced bets for a March Fed rate cut move and a modest USD uptick weigh on…
US NFP Forecast: Nonfarm Payrolls gains expected to accelerate slightly in November
US Nonfarm Payrolls are likely to rise by 180K in November after October’s 150K increase. The US Dollar looks to the headline NFP and Average Hourly Earnings data for a…
USD/CAD holds above the 1.3600 mark ahead of US Jobless Claims data
USD/CAD drifts higher on the firmer US Dollar. The Bank of Canada (BoC) maintained its key overnight rate unchanged at 5.0%. ADP private payrolls climbed 103K in November versus 106K…
Gold Price Forecast: XAU/USD finds buyers near $2,020, awaits US ADP jobs data
Gold price is picking up fresh bids near $2,020 as the US Dollar slips despite a risk-off mood. Positive US Treasury bond yields could cap the Gold price rebound. All…
Gold price trades with modest gains amid dovish Fed hopes, weaker USD and softer risk tone
Gold price attracts fresh buyers and reverses a part of the overnight sharp fall from the record peak. Fed rate cut bets drag the US bond yields lower, which weighs…
AUD/USD Price Analysis: Corrects from multi-month top, downside seems limited ahead of RBA on Tuesday
AUD/USD retreats after touching over a fresh five-month top during the Asian session on Monday. The cautious market mood underpins the safe-haven USD and weighs on the risk-sensitive Aussie. The…
Gold price sticks to modest gains, remains below multi-month top ahead of Fed’s Powell
Gold price regains positive traction on Friday and is underpinned by rising Fed rate cut bets. Growing concerns about a global economic downturn lend additional support to the metal. The…
