Month: July 2024

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
0 Comments
Yen’s renewed selloff captured some attention in the otherwise subdued Asian session today. With no new comments from Japanese authorities, market participants are left to speculate on when and where the next intervention might occur. A pivotal moment on the horizon is BoJ’s meeting on July 31, where the central bank is expected to outline
0 Comments
AUD/USD continues sideways trading around 20-day SMA. Fed Minutes on Wednesday follow RBA’s turn. May’s Retail Sales from Australia and US ADP figures are also due on Wednesday. Powell showed confidence in inflation coming back down to 2% sooner than expected. Tuesday’s session witnessed the Australian Dollar (AUD) clearing losses against the US Dollar following
0 Comments
In the forex market, clear weakness of Yen, Swiss Franc, and Kiwi contrasts with a broader sense of indecision elsewhere. Dollar’s rally attempt quickly lost momentum as it struggled to break through near-term resistance levels against both the Euro and Sterling. Additionally, the greenback remains stuck within familiar ranges against the Aussie and Loonie, a
0 Comments
U.S. Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin building on June 12, 2024 in Washington, DC.  Kevin Dietsch | Getty Images Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year
0 Comments
Gold is trading in a narrow range as the outlook for a key driver – US interest rates – remains opaque.  The Fed continues to weigh up the pros and cons of cutting interest rates, a potentially positive event for Gold. Multiple geopolitical factors suggest a broadly bullish backdrop for the precious metal.   Gold (XAU/USD)
0 Comments
US Dollar recovers after slight losses following ISM PMIs data. Dollar finds cushion on high US Treasury yields. Signs of disinflation have begun to surface in the US economic landscape, which might justify bringing cuts forward. As the week begins, the US Dollar based on the DXY Index has cleared daily losses and currently sits
0 Comments