AUD/JPY depreciates after weaker Aussie Retail Sales
The Australian Dollar loses ground after the release of lower-than-expected Retail Sales. The Australian Retail Sales for March took an unexpected downturn, contrasting with the anticipated rise. Market participants will…
AUD/JPY rises as BoJ keeps interest rate unchanged
AUD/JPY extends its winning streak after the lower-than-expected Tokyo CPI data released on Friday. The Australian 10-year Government Bond Yield has reached a 21-week high of 4.59%. Tokyo CPI has…
GBP/USD Price Analysis: Acceptance above 23.6% Fibo. favors bulls ahead of US Q1 GDP
GBP/USD struggles to attract follow-through buying and trades in a narrow range on Thursday. Reduced Fed rate cut bets and speculations about more aggressive BoE easing act as a headwind.…
Gold price struggles to lure buyers amid positive risk tone, reduced Fed rate cut bets
Gold price lacks follow-through buying and is influenced by a combination of diverging forces. Easing geopolitical tensions continue to undermine demand for the safe-haven precious metal. Tuesday’s dismal US PMIs…
Gold price drops to over two-week low, flirts with $2,300 amid easing Middle East worries
Gold price drifts lower for the second successive day amid receding geopolitical tensions. Reduced Fed rate cut bets continue to underpin the USD and contribute to the downfall. The fundamental…
USD/CAD moves below 1.3750, extends losses despite lower crude Oil prices
USD/CAD faces challenges due to the weaker US Dollar despite higher US Treasury yields. The decline in WTI prices, attributed to de-escalated geopolitical tensions in the Middle East, restrains the…
Australian Dollar depreciates as riskier assets fall on escalated tensions in Middle East
The Australian Dollar loses ground on heightened risk aversion as Israeli missiles struck a site in Iran. Australia’s equity market falls to a two-month low of 7,489 on Friday. The…
UK CPI Preview: Another decline expected as markets pile into BoE rate cut bets in September
The March UK CPI report will be released by the Office for National Statistics on Wednesday. United Kingdom’s headline and core annual inflation are set to ease in March. The…
Australian Dollar maintains position after mixed Chinese data amid stronger US Dollar
Australian Dollar loses ground on risk aversion as traders await Israel’s response to Iran’s attack. Australian currency faces challenges due to differing monetary policy outlooks between the RBA and the…
Japanese Yen remains confined in a range near multi-decade low against USD
The Japanese Yen remains depressed near a multi-decade low amid the BoJ’s dovish outlook. The divergent Fed-BoJ expectations support prospects for a further JPY depreciation move. Intervention fears hold back…
