WTI Oil price gains ground after PBoC keeps interest rates unchanged on Monday. Oil prices may struggle possibly due to the hawkish remarks from the Fed officials. Crude...
The Australian Dollar appreciates due to improved risk appetite on Monday. The Australian Dollar may struggle as Australia’s 10-year bond has dropped to its monthly lows. The...
USD/JPY holds positive ground near 155.80 on Monday, Fed’s Bostic said he saw signs of cooling inflation, but he prefers to watch more data before cutting rates. The divergence in...
Gold price kicks off the new week on a positive note near $2,415. The softer US inflation data has prompted the Fed’s rate cut expectation, lifting the yellow metal....
AUD/USD posts modest gains around 0.6695 on Monday. The markets remain unconvinced that the Fed will pivot earlier than previously expected. Australia’s Unemployment Rate rose more than...
AUD/JPY inches lower after the release of mixed Chinese data on Friday. China’s Retail Sales rose for the successive 15th month but the softest gain in...
The US stock market has surged to new heights, with the S&P 500 index reaching a record high of 5,325 points and the DJIA index touching...
The Japanese Yen softens on Friday as BoJ’s Ueda faced questions in parliament. The Yen is trading flat for the week, unable to hold on to gains...
The US Dollar was able to eke out gains on Thursday after the steep decline from Wednesday. The Greenback edges further up ahead of a slew...
USD/CHF continues to advance after the release of lower Swiss production data on Friday. Swiss Industrial Production declined by 3.1% in Q1, marking the second consecutive...
The Australian Dollar extends its losses after mixed economic data from China on Friday. The Australian Dollar struggles as Australia’s 10-year bond yield has dropped to...
European Central Bank (ECB) Board member Isabel Schnabel said on Friday that the central bank may cut interest rates in June, but policymakers should look very carefully at...
Gold price retraces on the rebound of the USD on Friday. The Fed’s cautious approach weighs on the yellow metal. Gold traders will focus on the...
China’s Retail Sales rose 2.3% YoY in April from 3.1% in March, worse than the 3.8% expected. The nation’s Industrial Production improved 6.7% YoY in the same period...
USD/CAD holds positive ground near 1.3620 in Friday’s early Asian session. Several Fed officials emphasized their cautious stance to keep the rate higher for longer, lifting the USD. ...
GBP/USD trades with a mild positive bias around 1.2670 on Friday. Fed officials said it might take longer for inflation to reach their target, emphasizing the...
The US Dollar faced a hefty correction on Wednesday after the US CPI print. Fed’s Kashkari pushed back against market anticipation of rate cuts, repeating that...
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...
USD/CAD finds support at the 1.3600 psychological level and rebounds to 1.3615 in Thursday’s early European session. The recent softer US inflation and weaker Retail Sales...
Gold price trades in positive territory due to the weaker USD on Thursday. The softer US CPI inflation data prompted the hope that the Fed may...