EUR/GBP holds steady above a multi-week low touched the previous day. BoE’s hawkish stance continues to underpin the GBP and cap spot prices. Monday’s upbeat UK/Eurozone PMIs contribute to subdued price action. The EUR/GBP cross oscillates in a narrow trading […]
EUR/GBP consolidates above mid-0.8300s, remains close to three-week low set on Monday Read More »
The Japanese Yen drifts lower against the USD for the third successive day on Monday. Weaker Japanese PMIs and a positive risk tone seem to weigh on the safe-haven JPY. The divergent BoJ-Fed policy expectations could cap any further gains
Japanese Yen sticks to intraday losses; USD/JPY remains close to 150.00 mark Read More »
USD/CAD struggles to gain any meaningful traction on Monday amid mixed cues. Fed rate cut bets prompt some USD selling and act as a headwind for the major. Softer Oil prices and Canadian politics undermine the Loonie and lend support.
USD/CAD flat lines below mid-1.4300s after Canada’s PM calls snap election Read More »
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1780 as compared to Friday’s fix of 7.1760 and 7.2496 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the
PBOC sets USD/CNY reference rate at 7.1780 vs. 7.1760 previous Read More »
AUD/USD remains under some selling pressure on Friday amid a modest USD strength. Thursday’s disappointing jobs data undermines the Aussie and contributes to the slide. The optimism over China’s stimulus and hopes for a US-China trade deal to limit losses.
AUD/USD hangs near weekly low, remains depressed below 0.6300 on stronger USD Read More »
The Japanese Yen attracts some sellers following the release of Japan’s National CPI print. A modest USD uptick further lends support to USD/JPY and lifts it above the 149.00 mark. The divergent BoJ-Fed policy expectations should cap any meaningful gains
Japanese Yen drifts lower after Japan’s inflation data; bullish bias remains Read More »
Gold price hits fresh record high as a combination of factors continues to boost safe-haven demand. The Fed’s dovish outlook keeps the USD bulls on the defensive and further underpins the XAU/USD. Slightly overbought conditions and a positive risk tone
Gold price bulls retain control near all-time peak amid the flight to safety Read More »
Gold price hits a fresh record high on Wednesday amid geopolitical risks and trade jitter. Fed rate cut bets further benefit the non-yielding yellow metal and remain supportive. A modest USD bounce caps the commodity ahead of the crucial FOMC
Gold bulls pause for a breather after refreshing record high; Fed decision awaited Read More »
Gold price remains close to all-time peak as rising trade tensions underpin safe-haven demand. Bets that the Fed will cut rates several times in 2025 lend additional support to the XAU/USD. The USD hangs near a multi-month low and further
Gold trades with positive bias just below $3,000 and record high set on Friday Read More »
The Japanese Yen kicks off the new week on a subdued note amid mixed fundamental cues. A positive risk tone underpins the JPY, though hawkish BoJ expectations limit the downside. Traders also seem reluctant ahead of the crucial BoJ and
