Australian Dollar holds gains despite a stable US Dollar ahead of PCE Price Index
The Australian Dollar holds its position after Retail Sales reported no growth in July. Australia’s Retail Sales stagnated month-on-month in July, against the expected 0.3% increase. The US Dollar received…
Japanese Yen holds losses amid BoJ Himino’s comments
The Japanese Yen incurrs losses following cautious remarks from BoJ policymaker Himino. The JPY’s downside could be restrained as traders expect the BoJ to increase interest rates further. The US…
Australian Dollar advances due to improved risk optimism
The Australian Dollar appreciates as the RBA is highly expected to adopt a hawkish stance regarding its policy outlook. The Aussie Dollar may advance further as RBA minutes indicated that…
US Dollar cautiously advances, investors to closely follow Powell’s words
USD sellers take a breather after four sessions of losses. Markets digest weekly Jobless Claims and August PMIs. Rate cut expectations remain high ahead of Powell’s words on Friday. The…
Australian Dollar remains weaker as US Dollar appreciates due to risk-off mood
The Australian Dollar declines despite a hawkish sentiment surrounding the RBA’s rate trajectory. Australia’s Judo Bank Composite PMI increased to 51.4 in August, fueled by stronger service sector growth. The…
GBP/USD Price Forecast: Holds position above 1.3000 with testing yearly highs
GBP/USD tests a yearly high of 1.3044 level, marked on July 17. The momentum indicator 14-day RSI is positioned slightly below 70 level, suggesting a potential correction soon. The pair…
Silver Price Forecast: XAG/USD pulls back from $29.50 after easing of Middle-East tensions
Silver price edges lower due to the de-escalation of the geopolitical tensions in the Middle East. US Secretary of State Antony Blinken announced that Israel had agreed to a proposal…
EUR/USD trades with modest gains amid softer USD, remains below 1.1000 mark
EUR/USD attracts some buyers on Friday amid a modest US Dollar downdraft. Dovish Fed expectations and a positive risk tone weigh on the safe-haven buck. Bets for more ECB rate…
Australian Dollar remains weaker due to a RBNZ’s 25 bps rate cut
The Australian Dollar depreciates following an unexpected 25 basis points rate cut by the RBNZ on Wednesday. The Aussie Dollar may face challenges due to safe-haven flows amid rising geopolitical…
Silver Price Forecast: XAG/USD falls toward $27.50 on easing odds of a deeper Fed-rate cut
Silver price edges lower as traders ease back on a deeper rate cut by the Fed in September. CME’s FedWatch Tool suggests odds of a 50 basis points cut by…
