Australian Dollar stays low while US Dollar remains steady before ISM Services PMI report.
Even with positive domestic S&P PMI data, the Australian dollar faces pressure. China’s Caixin Services PMI rose unexpectedly to 52.6 in July, compared to the forecasted 50.2. Governor Adriana Kugler’s resignation offered Trump an earlier chance to sway the central bank’s direction. The Australian Dollar (AUD) is experiencing a downturn for the second consecutive day, […]
US Dollar Index stays above 98.50, worries increase as Trump dismisses BLS Commissioner
The US dollar index makes a comeback after dipping nearly 1.5% on Friday. The recent US employment report has raised the likelihood of two Federal Reserve interest rate cuts. The spotlight is on the Trump administration’s rejection of BLS commissioner Erica Mantelfer following disappointing employment figures. The US Dollar Index (DXY), which evaluates the value […]
Gold Price Outlook: XAU/USD stays negative, with $3,345 expected to support buyers
Gold is currently making a corrective recovery against the US dollar, facing resistance at $3,345 and $3,360. Strong GDP figures and hawkish expectations from the Fed are influencing the market. XAU/USD exhibits a bearish flag pattern, targeting a measured value of $3,245. On Wednesday, gold (XAU/USD) showed some upward movement, partly due to a slightly […]
US Dollar Index stays under 99.00 before Fed policy meeting
The US Dollar Index’s Streak Comes to an End The US Dollar index will halt its winning streak ahead of the Fed rate decision. The Fed is expected to not change its benchmark interest rates in July. US Treasury Secretary Scott Bescent said the US and China will continue to talks on maintaining the tariff […]
Ceasefire between Thailand and Cambodia Stays in Place as Refugees Go Back Home
Ceasefire Negotiated by Trump Between Thailand and Cambodia Faces Challenges The ceasefire brokered by President Trump between Thailand and Cambodia seemed to be in effect on Tuesday, but Thailand has accused Cambodia of breaching the agreement by conducting “continuous and indiscriminate attacks” on its territory along the border. Scheduled to take effect at midnight, this […]
EUR/USD stays under 1.1600 as US-EU trade agreement seems to benefit the US economy.
EUR/USD Outlook as US Trade Optimism Grows The EUR/USD may face challenges as the US dollar gains strength from US trade optimism. Recent trade agreements between the US and the EU have resulted in 15% tariffs on a majority of European goods. France has criticized the US-EU trade deal, calling it a “dark day” for […]
Australian Dollar stays weak while US Dollar remains steady amidst trade optimism.
The Australian dollar is currently facing challenges as the US dollar gains traction, bolstered by optimism surrounding a trade agreement between the US and the European Union. US-China trade discussions are set to recommence on Tuesday. The Reserve Bank of Australia (RBA) is expected to closely observe employment data for June and inflation figures for […]
EUR/USD Price Outlook: Positive trend persists as long as it stays above 1.1700, 100-SMA on H4
The EUR/USD is having a tough time taking advantage of a small bullish gap stemming from the US-EU trade agreement. The technical indicators suggest there might be opportunities for buying dips as the USD weakens. Nevertheless, traders are likely to hold off until after the two-day FOMC meeting results. The EUR/USD pair is kicking off […]
Walmart stabbing victims in Michigan are healing while the suspect stays in custody.
Walmart Stabbing Incident in Michigan On Sunday, a degree of hope emerged for the 11 victims who suffered from stab wounds during a random attack at a Walmart in Michigan. Authorities have detained a 42-year-old suspect in connection with the incident. Manson Healthcare, the primary healthcare provider in northern Michigan, reported that seven of the […]
Preview of Sunday shows: Trump stays involved in Epstein situation as tariff deadline approaches
Members of the Trump administration and cabinet are still caught in a web of controversy concerning documents linked to Jeffrey Epstein, a convicted sex offender. This topic is expected to take center stage on Sunday’s shows. Congress and various national figures are urging leaders to disclose names associated with Epstein, including past clients and business […]