Australian Dollar remains tepid as China’s Third Plenum concludes without solid measures
The Australian Dollar depreciates for the fifth consecutive session on Friday. China’s Third Plenum concluded on Thursday without concrete measures to revitalize the faltering economy. The US Dollar may struggle…
Japanese Yen edges lower despite the intervention threat by authorities
The Japanese Yen inches lower as the US Dollar rebounds. The JPY could limit its downside as traders expect further intervention by Japanese authorities. The greenback may limit its upside…
Australian Dollar holds gains ahead of Michigan Consumer Sentiment Index
The Australian Dollar recovers its losses as soft US inflation data raises expectations of Fed reducing rates. China’s Trade Balance for June came in at $99.05 billion, widening from the…
USD/CHF edges lower below 0.9000, US CPI data looms
USD/CHF loses momentum around 0.8995 in Thursday’s early European session. Fed’s Powell said the case for interest rate cuts is becoming stronger as inflation data showed some modest further progress.…
Gold price holds positive ground ahead of Fed Chair Powell’s second testimony
The Gold price gains traction in Wednesday’s early European session. Rising Fed rate cut bets continue to lift the yellow metal. The PBoC refrained from buying gold for a consecutive…
Gold price attracts some sellers as PBoC’s China keeps Gold buying on hold
The Gold price loses momentum below the $2,400 barrier on Monday. Yellow metal edges lower as China’s Central Bank has stopped buying for the second month in June. The expectation…
Australian Dollar improves as US Dollar struggles ahead of NFP
The Australian Dollar extends gains as persistently high inflation prompts the RBA to delay rate cuts. RBA’s Meeting Minutes suggest an upside risk for May’s Consumer Price Index (CPI). The…
Silver Price Forecast: XAG/USD holds ground above $29.50 as Fed’s Powell turns dovish
Silver price appreciates as Fed Chair Jerome Powell believes that the central bank is getting back on the disinflationary path. The non-yielding Silver might gain ground as recent US inflation…
Gold price maintains its offered tone below 50-day SMA, looks to Fed Chair Powell’s speech
Gold price meets with a fresh supply on Tuesday amid some follow-through USD buying. Rising bets for a September Fed rate cut should limit any further losses for the XAU/USD.…
GBP/USD Price Analysis: Edges higher amid modest USD downtick, not out of the woods yet
GBP/USD bounces off its lowest level since mid-May, albeit lacks any follow-through buying. The fundamental backdrop warrants some caution for bulls ahead of the key US macro data. The technical…
