NZD/USD loses ground due to “Trump trades” and less dovish comments from Fed officials. Fed’s Alberto Musalem stated that persistent inflationary pressures force the Fed to halt its rate-cutting strategy. RBNZ expects to deliver a bumper 75 basis point rate […]
NZD/USD extends losses to three-month lows near 0.5870, US PPI awaited Read More »
NZD/USD tests the upper boundary of the descending channel near the nine-day EMA at 0.5980 level. The 14-day RSI remains below the 50 level; a further decline toward the 30 mark would strengthen bearish bias. The pair may depreciate toward
Tests descending channel’s upper boundary above 0.5950 Read More »
The Australian Dollar gains ground as China’s Trade Surplus widens in October due to higher-than-expected Exports. Australia’s Trade Surplus fell to 4,609 million in September, against the expected 5,300 million. The US Federal Reserve is widely anticipated to lower its benchmark
Australian Dollar recovers recent losses as US Dollar depreciates ahead of Fed decision Read More »
Gold price depreciated as the US Dollar appreciated to a four-month high due to Trump trades. Precious metals are under pressure as safe-haven flows decline due to market optimism. The non-yielding XAU/USD faces challenges as US Treasury yields trade near
Gold price remains tepid despite a steady US Dollar ahead of Fed decision Read More »
Silver price depreciates as safe-haven metals face challenges over Trump trade rally. Early exit polls indicate former President Donald Trump currently holds an edge over Vice President Kamala Harris. Improved US Treasury yields contribute to the downward pressure on non-yielding
XAG/USD falls due to Trump trade optimism Read More »
Silver price appreciates as the US Dollar loses ground amid lower Treasury yields. The recent poll indicated that Kamala Harris and Donald Trump are locked in a close contest across seven battleground states. Silver demand may increase as China approves
XAG/USD moves above $32.50 due to caution ahead of US election Read More »
AUD/JPY remains steady as the Australian Dollar receives support from the hawkish mood surrounding the RBA. The Reserve Bank of Australia is widely anticipated to maintain the cash rate at 4.35% on Tuesday. The Japanese Yen may depreciate due to
AUD/JPY hovers around 100.50, maintains position ahead of RBA decision Read More »
The Australian Dollar appreciated as the TD-MI Inflation Gauge rose by 0.3% MoM in October, up from previous 0.1% increase. The Reserve Bank of Australia is widely expected to maintain the cash rate at 4.35% on Tuesday. The US Dollar
Australian Dollar remains solid as traders expect RBA to maintain the current rate Read More »
The Australian Dollar faces challenges following the mixed Producer Price Index data released on Friday. China’s Caixin Manufacturing PMI rose to 50.3 in October, up from September’s 49.3, surpassing the expected 49.7 reading. The US Dollar has struggled since the Personal
Australian Dollar struggles as traders adopt caution ahead of Nonfarm Payrolls Read More »
WTI price gained ground due to rising geopolitical tensions amid reports that Iran may attack Israel. Israeli intelligence believes Iran intends to launch numerous drones and ballistic missiles before the US presidential election. US Oil production increased by 1.5% in
WTI remains above $70.00, upside potential appears due to rising Middle-East tensions Read More »
