USD/INR gains momentum ahead of US ADP, Services PMI data
Indian Rupee struggles to gain ground amid the higher oil prices. The rising Middle East geopolitical tensions might weigh on the INR. Investors will focus on the US ADP Employment…
AUD/USD remains firm amidst strong USD, following major central bank decisions
AUD/USD recovers to 0.6571 after dipping, despite central bank actions. BoJ hikes, SNB cuts rates, and other central banks are steady. Mixed US data: manufacturing up, services, and composite PMIs…
ASX 200 fluctuates around 7,750, pares likelihood of RBA rate cuts in 2024
ASX 200 trades in a range after positive employment data on Thursday. Australia’s private sector activity marked its second consecutive month of expansion in March. The S&P 500 reached 5,200…
Australian Dollar recovers recent losses on higher ASX 200, US Dollar remains calm
Australian Dollar exhibits sideways movement with a bias to recover recent losses. Australia’s S&P/ASX 200 Index mirrors the gains seen on Wall Street overnight, avoiding the upbeat US Inflation data.…
Australian Dollar experiences a decline amid a weaker ASX 200, US Dollar remains steady
Australian Dollar halts its winning streak amid a tepid US Dollar. Australia’s S&P/ASX 200 Index retreats from all-time highs as investors booked profits. China’s CPI YoY and MoM increased by…
EUR/USD consolidates around mid-1.0800s ahead of US data, Fed’s Powell
EUR/USD ticks lower on Wednesday, though the downside remains cushioned. Bets for a June Fed rate cut weigh o the USD and lend some support to the pair. Traders now…
NZD/USD hovers around 0.6090 amid risk aversion ahead of US labor data
NZD/USD faces struggles as traders adopt cautious stance before US key data. Fed’s Powell will testify before the US Congress regarding the Semi-Annual Monetary Policy Report on both Wednesday and…
Gold price consolidates near two-month peak, bullish potential seems intact
Gold price pauses after last week’s strong positive move to a fresh YTD top. Slightly overbought RSI on the daily chart acts as a headwind for the metal. Traders also…
EUR/USD Price Analysis: Depreciates to near 1.0820 before the 21-day EMA
EUR/USD could meet the immediate support at the 21-day EMA at 1.0808. Technical analysis suggests a momentum shift toward upward momentum. The key support region appears around the major barrier…
Gold price bulls remain on the sidelines amid modest US Dollar uptick
Gold price is seen consolidating in a narrow trading band above the $2,000 mark on Friday. Rising US bond yields underpin the USD and cap the yellow metal amid a…
