Silver Price Analysis: Making lower lows in the short-term
Silver is declining steadily on the intraday charts suggesting a short-term bear trend bias at work. The precious metal is currently pulling back up to resistance from the bottom of…
US Nonfarm Payrolls growth set to stabilize in May as signs of cooling labor market mount
US Nonfarm Payrolls are foreseen at 185K in May, data hints at a miss. The United States Employment report could impact the Federal Reserve’s decision next week. The US Dollar…
Gold price rises to two-week high amid Fed rate cut bets, softer US Dollar
Gold price advances to a two-week top amid the emergence of fresh USD selling. Rising Fed rate cut bets keep the US bond yields depressed and weigh on the buck.…
EUR/JPY Price Analysis: The key upside barrier emerges above 170.00
EUR/JPY attracts some buyers near 169.30 in Wednesday’s early European session, up 0.50% on the day. The cross keeps the negative picture unchanged below the 100-period EMA, with the bearish…
Australian Dollar comes under pressure after unexpected current account deficit
The Australian Dollar edges lower, possibly due to an unexpected current account deficit of A$ 4.9 billion in Q1. Australia’s GDP is expected to grow by 0.2% in the first…
Pound Sterling ticks down amid uncertainty ahead of US core PCE Inflation
The Pound Sterling is down slightly against the US Dollar ahead of the US core PCE inflation data. The underlying US inflation data is expected to have grown steadily. UK…
Australian Dollar grapples to halt its losses, while US Dollar remains steady
The Australian Dollar continues to lose ground after the higher-than-expected US PMI data. Australian equities faced pressure due to the lower commodity prices amid hawkish sentiment surrounding the Fed. The…
Australian Dollar remains firmer due to risk-on mood, RBA Minutes eyed
The Australian Dollar appreciates due to improved risk appetite on Monday. The Aussie Dollar may struggle as Australia’s 10-year bond has dropped to its monthly lows. The US Dollar faces…
USD/JPY climbs to near 156.00 as BoJ maintains bond-buying
USD/JPY appreciates as BoJ maintains its bond-buying amounts from the previous operation. Former BOJ chief economist Toshitaka Sekine suggested the central bank could raise the rate three times in 2024.…
Australian Dollar retreats from four-month highs after higher Unemployment Rate
The Australian Dollar loses ground due to dovish sentiment surrounding RBA’s policy stance. The Australian Unemployment Rate increased to 4.1% in April, from the previous reading of 3.9%. The US…
