USD/CHF inches higher due to a firmer US Dollar driven by cautious remarks from Fed officials. The decline in the US Treasury yields limits the advance...
The Australian Dollar has depreciated due to the dovish sentiment surrounding the RBA. Australia’s Treasury announced that inflation could re-enter the RBA target range by the end...
NZD/USD has depreciated as the softer Inflation Expectations (Q2) fueled speculation that the RBNZ may lower rates in 2024. The Kiwi Business NZ PSI fell to...
Gold price loses ground in Monday’s Asian session. The lower bets on the Fed rate cuts weigh on the precious metal. Fed’s Jefferson and Mester are...
New Zealand’s (NZ) inflation expectations extended their decline on a 12-month and a two-year time frame for the second quarter of 2024, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions...
China’s Consumer Price Index (CPI) rose 0.3% YoY in April after reporting a 0.1% growth in March. The market forecast was for a 0.1% increase. Chinese CPI inflation came...
GBP/USD inches higher possibly driven by improved risk appetite on Monday. BoE’s Chief Economist Huw Pill indicated a growing belief that rate cuts might be on...
EUR/USD weakens to 1.0770 in Monday’s early Asian session. The high-for-longer US rate narrative and, the Fed’s hawkish comments lift the Greenback. The ECB policymakers noted last month that they will likely...
Gold price kicks off the new week on a positive note around $2,360 on Monday. The hawkish comments from the US Fed might weigh on the yellow metal. ...
AUD/USD trades with mild positive bias near 0.6605 on Monday. Fed officials reiterated on higher-for-longer mantra, supporting the USD against its rivals. Australia’s government stated inflation could moderate to...
Pound Sterling gains on strong UK Q1 GDP report The Pound Sterling (GBP) extends its upside to 1.2540 in Friday’s early New York session as the United...
EUR/GBP loses ground around 0.8595 in Friday’s early European session. The UK economy is officially out of recession after reports showed the GDP grew by 0.6%...
Silver price edged higher after the weak labor data initiated the dovish sentiment surrounding the Fed. US Initial Jobless Claims surged to over 8-month highs to...
USD/CAD gains ground due to the expectations of the Fed keeping higher rates for longer. US Treasury yields lost ground after the release of weak US...
NZD/USD retreated after the data showed the manufacturing sector had been in contraction for 14 consecutive months. The Business NZ Performance of Manufacturing Index improved to...
Gold price edges higher for the second consecutive day on Friday. Weak employment data bolstered the speculation that the weakening economy would force the Fed to...
The Australian Dollar retreated due to the improved US Dollar on Friday. The Australian Dollar is facing pressure due to the less hawkish stance of the...
GBP/USD trades with a mild positive bias around 1.2525 amid the weaker USD on Friday. The BoE kept rates unchanged at 5.25% and opened the door...
S&P 500 withstood the rising yields (I warned yesterday these were to turn up, and they still do), and reacted with relief to the 10y Treasury...
USD/CHF drifts higher to 0.9085 in Thursday’s European session. The hawkish comments from many Fed policymakers support the US Dollar (USD). The Swiss Unemployment Rate fell to 2.3% MoM...