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…
Australian Dollar remains solid as higher inflation dampens RBA’s possible rate cuts
The Australian Dollar appreciates as higher consumer inflation dampens the possibility of RBA’s rate cuts. Australia’s monthly CPI jumped by 4.0% YoY against the expected growth of 3.8% in May.…
Australian Dollar appreciates as Consumer Confidence marks first increase in four months
The Australian Dollar inches higher due to the improved Consumer Sentiment index released on Tuesday. Australia’s Westpac Consumer Confidence rose by 1.7% MoM in June, marking the highest level since…
Silver Price Analysis: XAG/USD flat lines above mid-$29.00s, 50-day SMA holds the key for bulls
Silver struggles to register any meaningful recovery from a multi-day low touched this Monday. The mixed technical setup warrants caution before placing bullish bets around the XAG/USD. A convincing break…
Gold price remains confined in a range around $2,360, bullish potential seems intact
Gold price consolidates the previous day’s strong move up to a two-week high. Bets for a September rate cut by the Fed continue to lend support to the XAU/USD. The…
Australian Dollar consolidates, while US Dollar rebounds on higher yields
The Australian Dollar moves sideways as a Reuters poll indicates no rate change in the June meeting. 90% of economists anticipate stable rates in Q3, with a potential 25 basis-point…
The Japanese Yen declines as BoJ is widely expected to leave its policy unchanged
The Japanese Yen edges lower as the BoJ is widely expected to leave interest rates unchanged on Friday. The downside of the Japanese Yen could be limited as caution prevails…
GBP/USD Price Analysis: Hovers around 1.2750 ahead of UK GDP
GBP/USD may gain ground as technical analysis suggests a bullish bias for the pair. The momentum indicator MACD suggests confirmation of a bullish trend for the pair. The pair may…
