Japanese Yen holds gains as US Dollar remains tepid amid dovish Fed
The Japanese Yen appreciates due to a hawkish sentiment surrounding the BoJ. Japan’s Finance Minister Shunichi Suzuki will continue to monitor market developments closely. The US Dollar receives downward pressure…
Gold price slides below $2,420 level, fresh daily low amid receding safe-haven demand
Gold price struggles to capitalize on the overnight sharp rise to a multi-day peak. Easing fears of an imminent US recession and the risk-on mood act as a headwind. Bets…
Gold price flat lines below $2,400 amid mixed fundamental cues, downside remains cushioned
Dovish Fed expectations and geopolitical risks assist the Gold price to attract dip-buyers. Signs of stability in the equity markets might cap the metal amid a modest USD strength. Bears…
Australian Dollar holds gains following RBA leaving rates unchanged
The Australian Dollar remains steady after the RBA interest rate decision. The RBA maintained the Official Cash Rate at 4.35% for the sixth consecutive meeting. The US Dollar faced challenges…
Gold price edges higher amid mounting geopolitical tensions, softer US NFP report
The Gold price recovers its recent losses in Monday’s Asian session. Disappointing US employment reports and risk-off sentiment continue to support the yellow metal. Investors await the release of US…
Gold price eyes all-time highs on multiple tailwinds
Gold price climbs above $2,460 as the US bond yields and the US Dollar face pressure ahead of the US NFP for July. The Fed appears comfortable with market speculation…
Gold price flirts with weekly top, looks to Fed for the next leg up
Gold price hits weekly high, rising for the second successive day. Geopolitical risks, modest USD downtick and global economic woes underpin the XAU/USD. Traders now look to the Fed policy…
Australian Dollar holds gains due to increased odds of Fed rate cut in September
The Australian Dollar gains ground as the RBA is expected to hold interest rates next week. National Australia Bank (NAB) anticipates that the RBA’s cash rate will remain stable at…
Australian Dollar appreciates as US Dollar remains weaker ahead of PCE inflation
The Australian Dollar improves on price recovery of commodities like coal and copper. PBOC’s unexpected lending rate cuts lead to higher commodities prices. The US Dollar may appreciate as recent…
Japanese Yen rises due to carry trades unwinding as BoJ policy meeting looms
The Japanese Yen has reached its 12-week high of 152.64, as recorded on Thursday. Traders unwind their carry trades ahead of the BoJ policy meeting next week. The US Dollar…
