AUD/JPY loses ground as higher Aussie unemployment data bolsters the dovish sentiment surrounding RBA’s policy stance. The Aussie Unemployment Rate rose to 4.1%, marking the highest...
Japan’s Economy Minister Yoshitaka Shindo said on Thursday that Japanese economy is expected to continue moderate recovery. Shindo further stated that he will closely monitor the risks related to foreign...
USD/JPY trades on a softer note around 154.45 on Thursday. Japanese GDP contracted 0.5% QoQ in Q1 vs. 0.1 in Q4 of 2023, weaker than the expectation of...
GBP/USD gains momentum around 1.2688 amid the weaker USD on Thursday. The US CPI inflation eased to 3.4% YoY in April from 3.5% in March, as...
The US Dollar falls out of bed on Wednesday ahead of US CPI release. Downward US PPI revisions for March and speculation over China supporting its property...
Here is what you need to know on Wednesday, May 15: The US Dollar (USD) is finding it difficult to stay resilient against its major rivals...
USD/CHF edges lower due to a decline in the US Dollar and lower US yields. Fed Chair Jerome Powell has anticipated a sustained decrease in inflation,...
NZD/USD holds positive ground around 0.6055, adding 0.32% in Wednesday’s early European session. Fed’s Powell said inflation might prove to be more persistent than expected, keeping the Fed to...
Gold price edges higher on Wednesday amid the softer USD. The growth in gold demand and geopolitical tensions lift the price of precious metals. The US...
WTI price appreciates due to the potential for supply disruptions amid Canadian wildfires. The API Weekly Crude Oil Stock dropped 3.104 million barrels, below the forecasted...
Kansas City Federal Reserve Bank President Jeffrey Schmid spoke at the regional bank’s agricultural summit on Tuesday. Schmid said that inflation remains too high and the US central bank has more work...
GBP/USD takes a breather near 1.2590 in Wednesday’s early Asian session. The US PPI came in line with expectations, rising by 2.2% YoY in April, compared to the 1.8% increase in March. ...
The US Dollar consolidates in a very narrow range. The economic calendar picks up with US PPI and Fed speakers. The US Dollar Index retreats and...
NZD/USD attracts some sellers around 0.6015 in Tuesday’s early European session. The Fed’s Jefferson was the latest policymaker to call for holding rates at current levels until inflation shows...
WTI Oil price remains firmer due to uncertainties surrounding Oil supply amid wildfires in Canada. The WTI price may face challenges as Fed officials have suggested...
Gold price trades on a stronger note on Tuesday. Any signs of sticky inflation might further diminish expectations of US interest rate cuts this year, pressuring...
USD/CAD holds positive ground near 1.3675 on Tuesday. Fed officials said in recent comments that the high-for-longer interest rate narrative is needed to bring down inflation....
The Australian Dollar received pressure due to the dovish RBA. Australia’s Treasury predicted that CPI inflation would decrease to 3.75% by mid-2024. The US Dollar remains...
USD/JPY extends its upside near 156.20 in Tuesday’s early Asian session. Investors will monitor the US PPI figure on Tuesday, which is estimated to rise 2.2% YoY in...
The US Dollar consolidates on Monday after whipsaw moves last week. The economic calendar is quiet on Monday ahead of a busy week ahead. The US...