EUR/USD Declines for Third Consecutive Day Ahead of Fed Rate Decision The EUR/USD experienced its third consecutive day of losses on Tuesday as market sentiment soured following the European Union parliamentary elections. The elections resulted in a significant shift towards
Gold Price Stays Low Amid Rate Concerns, Rising US Dollar Demand During early trading in Europe on Tuesday, the gold price (XAU/USD) faced renewed selling pressure, diminishing some of the modest recovery gains it had made from the previous day.
BOJ May Consider Reducing Bond Purchases as Rate Hike Approaches The Bank of Japan (BOJ) is anticipated to discuss reducing its bond purchases at a policy meeting concluding on Friday, with expectations also set for preparations to increase interest rates
Chinese Stocks Fall Amid Economic Worries Chinese stocks fell sharply following a long weekend, with negative developments dampening market sentiment. The CSI 300 Index of mainland shares declined by as much as 1.4% after the markets reopened post the Dragon
Yen Subdued as USD Advances on Risk Aversion The Japanese Yen (JPY) continued its downward trend for the second consecutive trading day on Monday, with the USD/JPY pair finding support as the US Dollar (USD) regained strength. This resurgence in
Australian PM’s Support Falls After Weak GDP Growth Support for Australia’s center-left Labor government has slumped following a week of unfavorable economic news and political tensions over immigration, according to a new poll. Prime Minister Anthony Albanese’s party has hit
GBP/USD Defensive Below 1.2750 Amid Stronger USD During the early Asian trading hours on Monday, the GBP/USD pair recovered some of its lost ground, hovering around 1.2725. However, the upside for GBP/USD might be limited due to lower expectations of
Yen Consolidates as Suzuki Signals No FX Intervention Limit On Friday, the Japanese Yen (JPY) consolidated following the release of Japanese Foreign Reserves for May by the Ministry of Finance, which showed a significant drop to $1,231 billion from $1,279
ANZ Economists Predict Earlier OCR Cut Amid ‘Meaningful Progress’ in Inflation Battle Economists at ANZ New Zealand, the country’s largest bank, have revised their forecast for the first Reserve Bank Official Cash Rate (OCR) cut, moving it up to February
USD/CAD Holds Above Mid-1.3600s Ahead of US NFP The USD/CAD pair is showing resilience below the 200-hour Simple Moving Average (SMA), but it seems to struggle to attract any significant buyers during the Asian session on Friday. Currently, spot prices
Gold Prices Hit Two-Week High as Buyers Bet on Fed Rate Cut Gold prices (XAU/USD) have seen consistent buying interest for the second consecutive day, reaching a two-week peak around the $2,373 mark during the early European trading session on
Taiwan Central Bank Chief Links Rate Cut to Inflation Control On Thursday, Taiwan’s central bank governor highlighted that inflation remains the crucial determinant in the potential decision to adjust interest rates at the upcoming meeting next week. During a session