Australian Dollar appreciates despite lower GDP Q1 – FXStreet
The Australian dollar rose on Wednesday on a risk-on mood. Australia’s first-quarter GDP grew 0.1% from the previous quarter, below expectations of 0.2%. Caixin China Services PMI rose to 54.0 in May, marking the 17th consecutive month of expansion in services activity. The US dollar could rebound due to rising US Treasury yields. The Australian […]
EUR/USD Price Analysis: Moves below 1.0850 despite a bullish bias – FXStreet
EUR/USD is consolidating within an ascending triangle, indicating a bullish trend. The upper limit of the ascending triangle and the psychological level at 1.0900 are likely to act as key resistance levels. The pair may test the lower limit of the ascending triangle and then the 21-day EMA at 1.0815. EUR/USD fell to around 1.0850 […]
USD/JPY approaching 157.40 amidst broad Yen weakness – FXStreet
The US dollar/yen rose on Wednesday as yen selling continued. Yen traders will be keeping a close eye on Tokyo CPI inflation figures on Friday. This week, US GDP and PCE inflation will be key data points for rate cut hopefuls. USD/JPY moved to higher territory, trading near the $157.40 mark on Tuesday, as a […]
EUR/USD refreshes weekly high ahead of inflation test from both sides of Atlantic – FXStreet
As the US Dollar continues to fall, EUR/USD further rises to 1.0880. The US dollar is falling even as investors expect the Fed to return to policy normalization in the final quarter of the year. ECB policymakers have refused to commit to further rate cuts since June. EUR/USD hit a new weekly high at 1.0880 […]
Australian Dollar advances amid risk-on mood, light trading – FXStreet
The Australian dollar strengthened on risk-advanced sentiment after the UoM’s five-year inflation expectations softened on Friday. The Australian share price rose above 7,770, following Wall Street’s gains from Friday. The US dollar weakened after the Gulf Coast University’s May 5-year consumer inflation expectations dropped to 3.0% from an expected 3.1%. The Australian dollar (AUD) rose […]
USD/INR recovers ahead of India-US PMI data – FXStreet
The Indian rupee held firm on Thursday. Initial HSBC India PMI figures for May were mixed. Investors will be closely monitoring preliminary US PMI figures for May, due to be released on Thursday. The Indian Rupee (INR) recovered some lost ground on Thursday following mixed Indian Purchasing Managers’ Index (PMI) release. The HSBC Manufacturing PMI […]
Pound Sterling stabilizes above 1.2700 ahead of UK Inflation and FOMC minutes – FXStreet
In the face of the UK’s inflation statistics, the pound sterling is holding steady against the US dollar, above 1.2700. UK inflation is expected to fall sharply in April. Fed officials continue to support higher long-term interest rates. The British pound (GBP) is showing firm momentum, trading just above 1.2700 in European trading on Tuesday. […]
Australian Dollar remains steady after RBA Minutes – FXStreet
The Australian dollar strengthened on Tuesday as risk appetite improved. Australia’s consumer confidence index fell 0.3% from the previous month in May, marking the third consecutive month of decline. The RBA minutes indicated that future changes to the cash rate would be difficult to determine or even rule out. Rising US bond yields are contributing […]
Pound Sterling Price News and Forecast: GBP/USD trades with a mild positive bias around 1.2670 – FXStreet
GBP/USD rises slightly above 1.2650, focus on Fed remarks The GBP/USD pair registered modest gains near 1.2670 in early Asian trading on Friday. Meanwhile, the USD index (DXY) regained some lost ground after rebounding from multi-week lows near 104.00 in the previous session. The US Federal Reserve remains cautious regarding inflation and the possibility of […]
Gold price gains ground, investors await US data, Fedspeak for fresh catalyst – FXStreet
Gold prices maintained positive ground in Thursday’s Asian session. Precious metal prices are likely to continue to rise due to rising global demand for gold, sustained central bank purchases, and flows into safe-haven assets. Investors will be keeping an eye on weekly new U.S. jobless claims and Thursday’s Fed Daily speech. Gold prices (XAU/USD) traded […]