Gold price refreshes weekly top amid weaker risk tone, renewed USD selling
Gold price attracts buyers for the second straight day and refreshes weekly top on Wednesday. A softer risk tone and dovish Fed expectations continue to act as a tailwind for…
Japanese Yen appreciates due to risk-off flows
The Japanese Yen extends gains as traders expect the BoJ to raise rates next week. Toshimitsu Motegi, a senior official in the ruling party, urged the BoJ to communicate its…
Gold price holds positive ground above $2,400 mark amid softer US Dollar
Gold price gains some positive traction and snaps a three-day losing streak amid subdued USD demand. The US political development prompts some unwinding of the ‘Trump trade’ and weighs on…
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…
