NZD/USD Stays Above 0.5600 Amid Growing Fed Rate Cut Speculation
The New Zealand dollar strengthened against the US dollar after December Consumer Price Index (CPI) data in the US raised expectations that the Fed could implement two interest rate cuts…
EUR/JPY Price Outlook: Pulls Back Toward 162.50, 14-Day EMA Provides Initial Support
The EUR/JPY pair could crash again considering that daily analysis shows a major downtrend. The bullish trend is strengthening as the 14-day RSI is still just above the 50 level.…
Gold Prices Edge Higher as US Bond Yields Fall
While US bond yields fell slightly, gold prices gained some strength. The Fed’s hawkish stance is good for the dollar and will keep precious metals prices under control. Risk appetite…
Silver Price Outlook: XAG/USD Drops Below $30.50 as US Fed Rate Cut Expectations Fade and US Dollar Strengthens
Silver prices fell to around $30.20 in European trading on Monday morning. The strong dollar and rising US yields are causing some selling pressure on the white metal. Safe haven…
US Dollar Index Trades Near Two-Year High, Holding Above 109.00 Ahead of NFP Data
With the US Federal Reserve adopting a hawkish stance, the US dollar index consolidated its recent gains and rose to a nearly two-year high. Geopolitical risks and concerns about the…
US Dollar Rises as US Economic Data Shows Robust Growth
The US Dollar Climbs to Around 108.40 Higher yields were supported by the Fed’s hawkish move in December. The market is pricing in strong JOLTS and ISM data. The U.S.…
EUR/CAD Price Outlook: Stays Under Nine-Day EMA, Hovering Near 1.4900
EUR/CAD is likely to rise as the daily analysis shows a slight divergence. On the 14th, the RSI remained near the 50 level, indicating moderate strength. The pair tested the…
Japanese Yen Remains Weak Amid Uncertainty Over BoJ Rate Hikes
The yen was also weakened by the Bank of Japan’s surprise rate hike. au Jibun Bank Japan services PMI revised to 50.9 from 51.4 in December. The dollar traded near…
WTI Approaches $73.00 Amid Speculation of Policy Support for Economic Growth
WTI prices continue to rise on expectations that governments around the world will increase stimulus levels to support economic growth. China’s National Development and Reform Commission has outlined plans to…
XAU/USD Remains Strong Above $2,600 as Year Ends
XAU/USD remains above $2,600/oz but upside is still limited. Another argument regarding market risk is that the year-end recession caused gold prices to rise. Markets around the world will be…
