Australian Dollar Nears Key Level Before US Retail Sales Data
Australian Dollar Nears Key Level Before US Retail Sales Data The Australian Dollar (AUD) saw a modest rebound on Monday, pulling away from its eight-week low of 0.6456 set last Friday. However, the AUD/USD pair faced resistance as traders gravitated towards the perceived safety of the US Dollar (USD) amid escalating tensions in the Middle […]
China’s March CPI Inflation Eases to 0.1%, Below 0.4% Forecast
China’s March CPI Inflation Eases to 0.1%, Below 0.4% Forecast In March, China’s Consumer Price Index (CPI) experienced a marginal year-over-year increase of 0.1%, a notable deceleration from the 0.7% growth observed in February. This rise fell short of market predictions, which had anticipated a 0.4% increase. The slowdown in CPI growth is a significant […]
Pound Sterling Weakens Amid Rising Expectations of June BoE Rate Cut
Pound Sterling Weakens Amid Rising Expectations of June BoE Rate Cut The Pound Sterling (GBP) displayed marginal declines but remained largely steady, hovering above the 1.2600 mark during Monday’s European trading session. The GBP/USD pair exhibited limited movement as market participants brace for the upcoming United States Consumer Price Index (CPI) data for March, set […]
Japanese Yen Loses Most Early Gains, Falling from Two-Week High Against USD
Japanese Yen Loses Most Early Gains, Falling from Two-Week High Against USD The Japanese Yen (JPY), after reaching a two-week peak against the US Dollar (USD) during Friday’s Asian trading session, started to recede, trimming its early substantial gains to just modest levels. This retreat in the Yen’s value, however, is expected to be somewhat […]
Australian Dollar Struggles for Gains Against Strong US Dollar, Awaits ISM Services PMI
Australian Dollar Struggles for Gains Against Strong US Dollar, Awaits ISM Services PMI The Australian Dollar (AUD) is striving to continue its upward trend for a second day on Wednesday, facing challenges against a backdrop of varied economic factors. The AUD/USD pair has found some support due to a weakening US Dollar (USD), primarily influenced […]
Australian Dollar’s Gains Limited by Stronger US Dollar, Awaiting ISM PMI
Australian Dollar’s Gains Limited by Stronger US Dollar, Awaiting ISM PMI On Monday, the Australian Dollar (AUD) showed signs of recovery, offsetting some of its recent losses. This upward movement appears to have been driven, in part, by encouraging Purchasing Managers Index (PMI) data from China, suggesting a positive outlook for the Australian economy due […]
Aussie Dollar Weakens Against Rising US Dollar, Awaits Retail Sales Data
Aussie Dollar Weakens Against Rising US Dollar, Awaits Retail Sales Data The Australian Dollar (AUD) continued its downward trajectory for a second day in a row during Wednesday’s trading session, with the AUD/USD pair facing losses. This decline comes in the wake of weaker-than-expected Australian consumer price data, sparking speculation about a possible shift in […]
Australian Dollar Falls as US Dollar Strengthens, Attention on Fed Chair Powell’s Speech
Australian Dollar Falls as US Dollar Strengthens, Attention on Fed Chair Powell’s Speech The Australian Dollar (AUD) faced a downturn for the second day in a row on Friday, influenced by the strengthening US Dollar (USD). This change in the currency market came in the wake of mixed signals from the US economic data. The […]
Pound Sterling Declines Amid UK’s Mild Inflation and Risk-Averse Market Mood
Pound Sterling Declines Amid UK’s Mild Inflation and Risk-Averse Market Mood In Wednesday’s trading session in London, the Pound Sterling exhibited significant volatility following the release of unexpectedly mild Consumer Price Index (CPI) data for February by the UK’s Office for National Statistics (ONS). The data showed a deceleration in annual headline and core inflation […]
China’s February New Bank Loans Decrease Beyond Expectations, Hitting Record Low Lending Growth
China’s February New Bank Loans Decrease Beyond Expectations, Hitting Record Low Lending Growth In China, new bank lending in February experienced a sharper decline than anticipated from a record high in January, as the central bank continues efforts to stimulate the country’s sluggish economic growth and counter deflationary trends. According to Reuters’ calculations based on […]
Major Currency Pairs Remain Stable Before Crucial US Economic Data Release
Major Currency Pairs Remain Stable Before Crucial US Economic Data Release Throughout the latter half of the week, major currency pairs have been exhibiting fluctuations within narrow margins. Following a slight downturn on Wednesday, the US Dollar (USD) Index has maintained a subdued profile, hovering just below the 103.00 mark in Thursday’s European morning. Market […]
Australian Dollar Gains Support from Rising ASX 200 Despite Stronger US Dollar
Australian Dollar Gains Support from Rising ASX 200 Despite Stronger US Dollar The Australian Dollar (AUD) is showing signs of consolidation, hinting at a potential recovery from its recent losses as of Wednesday. This comes amidst mixed market signals, including a positive performance from the S&P/ASX 200 Index and contrasting pressures from lower commodity prices. […]
XRP Poised for Weekly Drop as Investors Pocket $370 Million in Profits
XRP Poised for Weekly Drop as Investors Pocket $370 Million in Profits The price of XRP, a popular altcoin, experienced a downturn, reaching $0.62 on Friday. Despite this drop, it managed to stay above the crucial $0.60 mark, a psychologically significant level for traders and investors. This recent price movement has been primarily attributed to […]
Currency Market Stabilizes Ahead of Powell Speech, Bitcoin Gains Momentum
Currency Market Stabilizes Ahead of Powell Speech, Bitcoin Gains Momentum On Wednesday, the U.S. dollar remained stable as traders awaited Federal Reserve Chair Jerome Powell’s congressional testimony and upcoming key events, including a European Central Bank (ECB) rate decision and U.S. jobs data. Bitcoin showed renewed momentum in the cryptocurrency market, though it did not […]
Gold Price Stable Near High, Amid Fed Rate-Cut Speculation and Market Softness
Gold Price Stable Near High, Amid Fed Rate-Cut Speculation and Market Softness During the early hours of Tuesday’s European trading session, the Gold price, measured in XAU/USD, maintained a steady range, reflecting a period of consolidation after its recent significant surge to a three-month high near the $2,120 mark, achieved the previous day. This stability […]
Japanese Yen Dips Versus USD as BoJ Uncertainty Lingers; Tokyo CPI in Focus Tuesday
Japanese Yen Dips Versus USD as BoJ Uncertainty Lingers; Tokyo CPI in Focus Tuesday The Japanese Yen (JPY) is experiencing renewed pressure after a slight recovery from its year-to-date low on Friday, as it enters the European trading session with a weaker stance against the US Dollar (USD). This development comes in the wake of […]
Japanese Yen Weakens Against USD as BoJ-Fed Policies Diverge
Japanese Yen Weakens Against USD as BoJ-Fed Policies Diverge During the Asian trading session on Friday, the Japanese Yen (JPY) faced increased selling pressure, moving away from its two-week high achieved following hawkish comments by Bank of Japan (BoJ) board member Hajime Takata. These comments had momentarily fueled expectations of a more aggressive monetary stance […]
USD/CAD Nears Two-Week High, Oil Price Surge May Limit Gains Before US Data
USD/CAD Nears Two-Week High, Oil Price Surge May Limit Gains Before US Data The USD/CAD currency pair has been on a rising trend for the fourth consecutive day, reaching a near two-week peak around the 1.3545 mark during the Asian trading session on Wednesday. This upward movement is largely driven by an increased demand for […]