Australian Dollar tests its five month high ahead of US economic data
Australian Dollar gained ground on hawkish RBA Meeting Minutes. Australian central bank is expected to keep its interest rate unchanged in February’s meeting. PBoC kept its benchmark interest rate unchanged…
Australian Dollar looks to retest a five month high ahead of US housing data
Australian Dollar remains bullish after the RBA meeting minutes release. Australian policymakers suggest further tightening will depend on data and assessment of risks. New York Fed President John Williams dismissed…
Japanese Yen trades with mild negative bias against USD; eyes BoJ decision on Tuesday
The Japanese Yen ticks lower against the US Dollar for the second straight day on Monday. The prevalent risk-on environment is seen as a key factor undermining the safe-haven JPY.…
Gold price remains confined in a narrow trading band below weekly high touched on Thursday
Gold price is seen consolidating its weekly gains registered over the past two days. Rebounding US bond yields and a positive risk tone act as a headwind for the metal.…
Gold price extends its consolidative price move near multi-week low, FOMC decision awaited
Gold price is seen consolidating its recent losses to a three-week trough. Reduced bets for a March Fed rate cut cap the upside for the XAU/USD. Traders also seem reluctant…
US CPI Data Preview: Inflation expected to soften again in November on declining Oil prices
The US Consumer Price Index is forecast to rise 3.1% YoY in November, down from the 3.2% increase recorded in October. Annual Core CPI inflation is expected to hold steady…
Gold price languishes near two-week low, focus shifts to US CPI and key central bank meetings
Gold price remains under some selling pressure for the second successive day on Monday. Reduced bets for a March Fed rate cut move and a modest USD uptick weigh on…
US NFP Forecast: Nonfarm Payrolls gains expected to accelerate slightly in November
US Nonfarm Payrolls are likely to rise by 180K in November after October’s 150K increase. The US Dollar looks to the headline NFP and Average Hourly Earnings data for a…
Gold Price Forecast: XAU/USD finds buyers near $2,020, awaits US ADP jobs data
Gold price is picking up fresh bids near $2,020 as the US Dollar slips despite a risk-off mood. Positive US Treasury bond yields could cap the Gold price rebound. All…
Gold price trades with modest gains amid dovish Fed hopes, weaker USD and softer risk tone
Gold price attracts fresh buyers and reverses a part of the overnight sharp fall from the record peak. Fed rate cut bets drag the US bond yields lower, which weighs…
