News
Important Only
Japanese Yen depreciates, traders remain alert to potential intervention by authorities
Investing.comJul 16, 2024
Asian stocks drift higher as rate cut bets grow; China lags
Silver Price Analysis: XAG/USD remains below $31.00 mark, bulls flirt with 200-hour SMA
Japan’s Hayashi believes forex should reflect fundamentals
FxstreetJul 16, 2024
USD/INR extends gains on US Dollar demand, US Retail Sales data loom
Gold price bulls retain control despite modest USD strength, risk-on environment
Commodities
Silver Price Analysis: XAG/USD remains below $31.00 mark, bulls flirt with 200-hour SMA
Silver (XAG/USD) attracts some buyers during the Asian session on Tuesday, snapping a two-day losing streak and stalling the recent pullback from the $31.75 area or its highest level since May 31 touched last week.Fxstreet
Jul 16, 2024
Economic Indicator
Japan’s Hayashi believes forex should reflect fundamentals
Japanese Chief Cabinet Secretary Yoshimasa Hayashi is out with some verbal intervention, as the Yen once again sees heavy selling pressure against the US Dollar early Tuesday.e Key quotes No comment on forex intervention.Fxstreet
Jul 16, 2024
Commodities
Gold price bulls retain control despite modest USD strength, risk-on environment
Gold price (XAU/USD) attracts some dip-buyers during the Asian session on Tuesday and for now, seems to have stalled the previous day's late pullback from the $2,430 area, or its highest level since May 20.Fxstreet
Jul 16, 2024
Other
Biden dismisses health concerns, sees “close race” with Trump- NBC interview
Investing.com-- President Joe Biden indicated that he had no intention of dropping his bid for re-election and running against Donald Trump, but noted that it was going to be a close race. In an inteInvesting.com
Jul 16, 2024
Economic Indicator
Fed's Daly: Confidence is growing that inflation is heading lower
Federal Reserve (Fed) Bank of San Francisco President Mary Daly refused to give time-based guidance on the Fed's likely pace of rate cuts but acknowledged that significant progress has been on inflation.Fxstreet
Jul 15, 2024
Other
Powell was tightlipped on timing, but subtle shift on policy tees up sooner cuts
Investing.com -- Federal Reserve chairman Jerome Powell on Monday was tightlipped on when the Fed could start cutting interest rates, but the Fed chief's increased focused on the labor market, suggestInvesting.com
Jul 15, 2024
