Share: Economists at Commerzbank analyze how Wednesday’s Fed meeting could impact Gold price. Fed meeting in focus How the Gold price develops in the coming weeks will be dictated to a considerable extent by the Fed’s further rate outlook following the expected rate hike. If the Fed remains vague as regards its strategy […]
Share: EUR/USD attracts some buying during the Asian session on Tuesday, albeit lacks follow-through. A modest USD pullback lends support, though traders seem reluctant ahead of the Fed and the ECB. The mixed technical setup also warrants some caution before placing aggressive directional bets. The EUR/USD pair edges higher during the Asian session […]
Share: NZD/USD turns lower for the fourth straight day and drops to a one-week low on Wednesday. The initial reaction to stronger NZ inflation data fades quickly amid China’s economic woes. A goodish pickup in the USD demand exerts additional pressure and contributes to the slide. The NZD/USD pair fades an intraday bullish […]
Share: Gold price struggles to gain any meaningful traction on the first day of a new week. Friday’s upbeat US data underpins the US Dollar and caps the upside for the metal. Bets that the Fed will soon end its rate-hiking cycle to help limit corrective decline. Gold price kicks off the new […]
Share: US Dollar Index (DXY), which measures the US Dollar’s performance against a basket of six currencies, shows slight gains after reaching a fresh 15-month low of 99.578. June’s US CPI grew 3.0% YoY, underperforming the 3.1% forecast, while Core CPI fell by 0.5%. Concurrently, June’s PPI rose less than the expected 0.1% […]
Share: Gold price touches a fresh one-month high on Friday, albeit lacks strong follow-through. The US Dollar selling bias remains unabated and continues to lend support to the metal. The overnight hawkish remarks by Fed’s Waller act as a headwind for the XAU/USD. Gold price trades with a positive bias for the fourth […]
Share: US stocks slammed into the close and erode the NFP knee-jerk rally. Investors rethink the US data this week and the hawkish sentiment is a dark cloud over Wall Street. The S&P 500 (US500) index fell on Friday with weakness intensifying into the close. The US Nonfarm Payrolls data from the Labor Department, which offered a […]
Share: USD/TRY fades latest run-up amid pre-data consolidation, edges lower around intraday bottom of late. Turkish inflation catalysts like CPI and PPI came in softer on YoY for June but PPI MoM jumped. Hawkish Fed Minutes, risk-off mood propel US Dollar and put a floor under Turkish Lira price. US ADP Employment Change, […]
Share: Gold price ticks down during the Asian session on Wednesday, though lacks follow-through. Hawkish central banks and a modest US Dollar strength act as a headwind for the XAU/USD. Traders now keenly await the FOMC meeting minutes before placing fresh directional bets. Gold price edges lower during the Asian session on Wednesday […]
Share: EUR/USD holds steady above the 1.0900 mark, though struggles to attract any buyers. Bets for more Fed rate hikes revive the USD demand and act as a headwind for the pair. Worries about a global economic downturn contribute to capping gains for the major. The EUR/USD pair struggles to gain any meaningful […]
Share: EUR/USD consolidates recent losses but lacks recovery momentum after snapping two-day winning streak. ECB’s Centeno recently prod policy hawks even as Lagarde & Company kept rate hike bias intact. Fed’s Powell advocates for two rate increases in 2023, rules out rate cuts. German inflation data, second-tier US statistics eyed for clear directions. […]
