RBA Preview: Interest rates to likely changed, will Bullock drop reference to further tightening? – FXStreet
share: Australia’s interest rate will remain unchanged at 4.35%. Reserve Bank of Australia Governor Michelle Bullock says she has no plans to change her stance. The Australian dollar is poised to widen its decline against the US dollar. The Reserve Bank of Australia (RBA) is widely expected to announce its monetary policy on […]
Canadian Dollar extends decline as markets pile into Greenback – FXStreet
share: The Canadian dollar hit an eight-week low as the US PMI rose. In Canada, central bank governor Macklem is scheduled to take office on Tuesday. Statements from US Federal Reserve policymakers weighed on markets on Monday. The Canadian dollar (CAD) fell sharply on Monday after the market broadly rallied against the US […]
EUR/USD remains below 1.0900 post intraday gains, US Nonfarm Payrolls eyed – FXStreet
share: EUR/USD extended its gains as the US dollar weakened following mixed US data. The euro could face difficulties as markets speculate about an ECB rate cut in June. If US NFP declines as expected, the US dollar could suffer further losses. EUR/USD extended its gains for the second day in a row, […]
Pound Sterling recovers on weak US ADP Employment data, Fed, BoE policy in focus – FXStreet
share: Weak US ADP jobs data improved market mood and the pound recovered. The Fed and BoE’s monetary policy meetings remain in focus. The Fed and BoE are widely expected to keep interest rates on hold. The British pound (GBP) rebounded in New York trading on Wednesday as US Automatic Data Processing (ADP) […]
Australian Dollar depreciates on softer Aussie inflation data, improved US Dollar – FXStreet
share: The Australian dollar fell for a second straight session on weak inflation data from Australia. Australia’s monthly CPI was 3.4% in December, down from 4.3% in November. Traders expect the Reserve Bank of Australia to cut interest rates twice in 2024. China’s non-manufacturing PMI and manufacturing PMI improved to 50.7 and 49.2, […]
Silver Price Analysis: XAG/USD rally stalls near $23 as focus shifts to US core PCE data – FXStreet
share: Silver prices are looking to extend their gains above $23, but are facing some pressure. The market mood is gloomy as investors await December core PCE price index data. Strong GDP numbers and stubborn inflation numbers could allow the Fed to maintain its hawkish interest rate stance. Silver price (XAG/USD) is struggling […]
EUR/USD Price Analysis: Extends losses to near 1.0830 followed by the monthly low – FXStreet
share: EUR/USD continues to trend downward in response to US GDP statistics. Technical analysis suggests bearish sentiment for the month at 1.0821. Above 1.0850, the pair could find support approaching the 23.6% Fibonacci retracement and the resistance zone near the 21-day EMA. The EUR/USD pair widened its decline for the second day in […]
Euro retreats after ECB holds rates flat, markets price in June rate cuts – FXStreet
share: The euro fell from familiar technical levels following the ECB's dovish stance. In Europe, economic indicators are expected to be weak until next Tuesday's GDP announcement. The broader market will focus on the US PCE price index on Friday as it concludes the trading week. The euro (EUR) fell on Thursday after […]
Japanese Yen remains on the back foot against USD, lacks follow-through ahead of US GDP – FXStreet
share: The Japanese yen fell slightly against the US dollar on Thursday, but the downside appears to be limited. The risk-on mood and the recent widening of the Japan-U.S. interest rate differential are putting pressure on the yen. The Bank of Japan's hawkish leanings could be a tailwind for the yen, as the […]
EUR/USD continues to drift in technical consolidation range near 1.0900 – FXStreet
share: The euro rose on strong EU PMIs, but fell as US PMIs were better than expected. The ECB's interest rate decision is scheduled during Thursday's market session, which ends on Friday after US PCE inflation. EUR/USD is hampered by the 200-hour SMA. EUR/USD rose to near-term highs above 1.0930 on Wednesday after […]