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EUR/USD weakens to near 1.0550 on ECB rate cut bets
The EUR/USD pair trades with a mild negative bias near 1.0550 on Monday during the Asian trading hours. Investors will closely monitor the US Consumer Price Index (CPI) inflation report for November, which is due on Wednesday.
Dec 9, 2024
Fed's Goolsbee: US labor market still looks stable
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that the labor market appears largely stable despite a bumpy series of data on the US jobs landscape, per Bloomberg.
Dec 9, 2024
Fed's Bowman: Central bank should proceed cautiously with rate cuts
Federal Reserve Governor Michelle Bowman said on Friday that she prefers to cut the interest rates cautiously, emphasizing underlying inflation remains “uncomfortably” above the central bank’s 2% goal, per Bloomberg.
Dec 9, 2024
AUD/USD holds positive ground near 0.6400 as traders await RBA rate decision
The AUD/USD pair gains ground to around 0.6400 on the weaker US Dollar (USD) during the Asian session on Monday. There are no Federal Reserve (Fed) speakers this week due to the media blackout.
Dec 9, 2024
Silver Price Forecast: XAG/USD recovery stalls below $31.45 with NFP data eyed
Silver rally loses momentum with bulls capped right below the last two weeks' range top, at $31,45.
Dec 6, 2024
EUR/GBP edges lower as Sterling performs strongly across the board
The EUR/USD pair ticks lower to near 0.8285 in Friday’s North American session after struggling to extend Thursday’s recovery above the key resistance of 0.8300.
Dec 6, 2024
WTI struggles near weekly low, below $68.00 mark as traders await US NFP report
West Texas Intermediate (WTI) US Crude Oil prices remain under some selling pressure for the third consecutive day on Friday and trade near the lower end of the weekly range, around the $67.80 region during the Asian session.
Dec 6, 2024
NZD/USD refreshes daily low, slides closer to mid-0.5800s on softer risk tone
The NZD/USD pair attracts fresh sellers during the Asian session on Friday and erodes a part of the previous day's modest gains.
Dec 6, 2024
Gold price rebounds swiftly from over one-week low; focus remains on US NFP report
Gold price (XAU/USD) rebounds after touching a one-and-half-week low during the Asian session on Friday and climbs to a daily high, above the $2,640 level in the last hour.
Dec 6, 2024
Japanese Yen bulls have the upper hand amid hawkish BoJ, ahead of US NFP report
The Japanese Yen (JPY) struggles to capitalize on the previous day's modest gains and oscillates in a narrow range against its American counterpart during the Asian session on Friday.
Dec 6, 2024
Australian Dollar softens ahead of US NFP release
The Australian Dollar (AUD) edges lower on Friday. Disappointing economic growth could prompt the Reserve Bank of Australia (RBA) to adopt a more dovish tone at next week’s monetary policy meeting, potentially setting up a February rate cut.
Dec 6, 2024
France’s Macron: From now on, a new era must start with new compromises
French President Emmanuel Macron said on Thursday that he will name a new Prime Minister in the coming days whose top priority will be getting a 2025 budget adopted by parliament, per Reuter.
Dec 6, 2024
Bitcoin Price Forecast: Bullish sentiment persists as BTC breaks above $100K mark
Traders should be cautious over the move of funds from Mt.Gox as well as US government transfers.
Dec 5, 2024
Gold Price Forecast: XAU/USD flattens near $2,650 as US NFP takes centre stage
Gold price (XAU/USD) trades in a tight range around $2,650.00 in Thursday’s European session.
Dec 5, 2024
US Dollar edges lower ahead of Jobless Claims, trade data
The US Dollar takes a step back with markets in a holding pattern towards Friday’s key NFP release.
Dec 5, 2024
EUR/GBP to stay gently offered – ING
GBP:USD briefly sold off and then recovered after Bank of England (BoE) Governor Andrew Bailey seemed to confirm that the bank was looking at four rate cuts over the next year.
Dec 5, 2024
BoJ’s Nakamura: I am not against rate hikes but feel decision should be data-dependent
Bank of Japan (BoJ) board member Toyoaki Nakamura said on Thursday that “I am not against rate hikes but feel the decision should be data-dependent." Additional comments There will be plenty of data coming out before BoJ’s December meeting including Tankan, so want to scrutinize them in deciding whe
Dec 5, 2024
Silver Price Forecast: XAG/USD loses traction below $31.50 as Fed officials signal cautious path for rate cuts
The Silver price (XAG/USD) drifts lower to around $31.20, snapping the two-day winning streak during the early European session on Thursday.
Dec 5, 2024
USD/INR gathers strength on worries over Indian economic growth
Disappointing Indian economic data, portfolio outflows and a firmer USD undermine the INR.
Dec 5, 2024
Gold price edges lower on rebounding US bond yields; downside seems limited
Gold price attracts some sellers amid a modest rebound in the US bond yields.
Dec 5, 2024
