Japanese Yen Stays Weak as Fed Signals Higher Long-Term Rates
The yen weakened after Fed Chairman Jerome Powell said the 50 basis point cut was “not a new step.” The yen’s downside could be limited due to the hawkish sentiment…
EUR/USD Maintains Gains Above 1.1100 Ahead of Fed Policy Call
EUR/USD remains above 1.1100 as cash flow remains under pressure ahead of the Fed’s policy decision at 18:00 GMT. The European Central Bank’s Villeroy believes policy reforms will continue. Monetary…
Australian Dollar remains subdued due to rising concerns over China economy
The Australian Dollar receives downward pressure from concerns over glooming China’s economy. The Aussie Dollar’s downside could be restrained due to hawkish sentiment surrounding the Reserve Bank of Australia’s policy…
Silver Price Forecast: XAG/USD advances to near $31.00 as looming Fed policy decision
Silver price extends its upside due to rising expectations of an aggressive rate cut by the Fed. The demand for dollar-denominated Silver gains attraction as it becomes cheaper for buyers…
Gold price bulls retain control near all-time peak amid bets for a larger Fed rate cut
Gold price scales higher for the second straight day and climbs to a fresh all-time high. Rising bets for a larger Fed rate cut weigh on the USD and boost…
Australian Dollar remains stable due to improved risk sentiment ahead of US CPI
The AUD/USD pair holds ground following the remarks from the RBA’s Chief Economist Sarah Hunter. RBA’s Sarah Hunter noted that elevated rates are suppressing demand, which is expected to lead…
Silver Price Forecast: XAG/USD remains below $28.50 due to market caution, looming US CPI
Silver price inches lower as traders adopt caution ahead of the US inflation data release on Wednesday. The non-yielding Silver faces minor challenges due to the uncertainty over the scale…
EUR/GBP drops to near 0.8400 ahead of Eurozone Retail Sales
EUR/GBP inches lower amid rising odds of the ECB reducing rates in September. Eurozone Producer Price Index increased by 0.8% MoM in July, the largest increase since December 2022. The…
Gold price extends its decline as traders brace for US PMI data
Gold price trades in negative territory for the third consecutive day in Tuesday’s early European session. The rising US Fed rate cut bets and geopolitical risks might help limit Gold’s…
Australian Dollar consolidates despite improved market optimism
The Australian Dollar moves sideways despite positive economic data on Monday. Australia’s Building Permits increased by 10.4% MoM in July, marking the strongest growth since May 2023. The US Dollar…
