FX

GBP/USD gains positive traction for the fourth successive day on Tuesday. Dovish Fed expectations undermine the USD and lend support to the pair. Traders now look to UK jobs data for some impetus ahead of the US PPI. The GBP/USD pair attracts some dip-buyers during the Asian session on Tuesday and climbs to a fresh

Oil price jumps higher for a fourth consecutive day on Monday. Traders send Oil prices higher on trimmed demand outlook from OPEC.  The US Dollar Index trades at a pivotal level after being glued to it since last week.  Oil price jumps higher for a fourth straight day in a row on Monday. Oil traders

Gold price lacks firm intraday direction on Monday amid a combination of diverging forces. A positive risk tone caps gains, though geopolitical risks and Fed rate cut bets lend support. Traders also seem reluctant ahead of the key US inflation figures, due for release this week.  Gold price (XAU/USD) struggles to capitalize on its gains

Gold advances for the second day on Friday, buoyed by expectations of Fed easing in September. US economic data shows deceleration but not enough to stoke recession fears. Ongoing Middle East tensions between Israel, Lebanon and Iran keep Gold demand firm. Gold prices advanced modestly for the second straight day as market participants remain convinced

The AUD/JPY pair declined to 96.45 on Friday resuming the losses after three sessions with gains. However, technical indicators suggest a shift towards neutral territory, with the RSI moving out of the oversold zone and the MACD showing decreasing red bars. The cross will close a weekly gain of nearly 1% despite the losses. In

AUD/USD slightly retreats, settling near 0.6575 on Friday. RBA reiterates its hawkish stance, contributing to a buoyant AUD. Investors digest Chinese inflation reported during the European session. The AUD/USD pair witnessed a minor setback at 0.6575 during Friday’s session, a modest descent of 0.30%. That being said, the Reserve Bank of Australia’s (RBA) unwavering hawkish

The main economic data release overnight was the latest CPI report from China for July, MUFG FX analyst Lee Hardman notes. USD/CNY rises back towards the 7.1800 level “The report revealed that headline inflation picked up modestly by 0.3 points to 0.5% in July. The core measure on inflation fell to 0.4% in July from

In the year-to-date USD/JPY has traded in a mighty range that has stretched almost from 140 to 162. By contrast EUR/USD has been stuck between 1.06 and 1.10, Rabobank’s FX analyst Jane Foley notes. Potential risks for a break higher coming from a softer USD “The lack of strong direction in EUR/USD is despite a

The Indian Rupee trades on a stronger note in Friday’s Asian session.  A deeper Fed rate cut expectation and the potential RBI intervention underpin the INR.  Higher crude oil, weakness in its Asian peers and India’s foreign outflows might weigh on the local currency. The Indian Rupee (INR) gains traction on Friday. Traders increasingly expect

EUR/USD falls sharply as the US Dollar recovers after lower US Initial Jobless Claims. Investors see the Fed cutting interest rates aggressively this year. The ECB is expected to reduce its key borrowing rates two times more by the year-end. EUR/USD slumps below 1.0900 in Thursday’s American session. The major currency pair weakens as the US Dollar (USD) recovers strongly on soft

The Indian Rupee loses traction in Thursday’s Asian session. The fear of wider Middle East conflicts, renewed US Dollar demand and higher crude oil prices undermine the INR.  All eyes will be on the RBI’s MPC interest rate decision on Thursday, with no change in rate expected.  The Indian Rupee (INR) weakens on the modest

The US Dollar recovers for a second day in a row this week.  The BoJ dropped mixed messages on its monetary policy.  The US Dollar index pops above 103.00 and rallies higher on Wednesday.  The US Dollar (USD) recovers as all asset classes start to head back to more normal levels. Equities are behaving quite

Palladium prices (XPD/USD) rose on Wednesday, according to FXStreet data. Palladium trades at $881.55 per troy ounce, up 0.97% from the $873.05 it cost on Tuesday. Palladium prices have decreased by 20.07% since the beginning of the year. Unit measure Palladium Price Today in USD Troy Ounce 881.55 1 Gram 28.34 The Gold/Palladium ratio, which

Gold price hovers below $2,400 but the near-term bias remains bullish on multiple tailwinds. The Fed is expected to cut interest rates by more than 100 bps this year. Investors worry that the US could face a recession. Gold price (XAU/USD) struggles to hold key ground at $2,400 as the US Dollar (USD) and bond yields rise in Tuesday’s North

Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday that “wage rises will likely spread to part-timers, small businesses toward autumn with strong Shunto results and minimum pay hikes.” Additional comments No comment on day-to-day share moves. Says important for govt to make a judgement calmly, when asked about volatile Tokyo stocks Closely watching market moves

Commodity demand expectations embedded within the complex are melting alongside the decline in equity indices and yields, TDS senior commodity strategist Daniel Ghali notes. Low bar for subsequent CTA selling activity “This dynamic weighs on the entire complex, but we expect massive CTA selling activity in platinum markets this session, with CTAs likely to shed

The Australian Dollar declines following the soft Purchasing Managers Index data release on Monday. Australia Composite PMI fell to 49.9 in July from 50.2 in June, with Services PMI decreasing to 50.4 from 51.8. The US Dollar lost ground as recent downbeat employment data boosted expectations of a Fed rate cut in September. The Australian Dollar (AUD)

Despite the predominantly bearish trend, NZD/USD exhibits signs of a mild rebound. Key resistance is noted at 0.5980, with a substantial support level observed around 0.5760. Daily RSI fluctuates under the 50-mark, indicating lasting bearish sentiment, but a recent recovery above 40 shows traces of bullish momentum. The NZD/USD pair, while majorly sticking to its