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Forex

Silver Price Update: Silver Claws Back Losses amid Dollar Decline

Posted by By 01/06/2023Posted inForex
Comments by prominent Fed members cause a wild swing in future rate expectations, sending the dollar lower. Silver appears to be trading higher off key support
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US Dollar Sluggish as Poor Manufacturing PMI Strengthens Case for Fed Pause

Posted by By 01/06/2023Posted inForex
Weak factory activity data and rapidly falling prices paid by manufacturers in May could strengthen the case for the Fed to hold rates steady at its meeting this month, a…
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Gold Price Latest: XAU/USD Pushing Higher, Treasury Yields Remain Volatile, Jobs Reports Near

Posted by By 01/06/2023Posted inForex
Short-dated US bond yields can’t make their mind up if they are going lower or not, and this is leaving gold traders at risk of increased volatility.
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GBP/USD Price Outlook: Cable Bid after the Fed Signals a “Skip” in June

Posted by By 01/06/2023Posted inForex
Fed Governors came out and signaled their preference for a “skip” at the next FOMC meeting, sending the dollar lower. NFP up next as the major event risk ahead
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Dow Jones and CAC40 Stabilise While Nasdaq 100 Edges Down​​​​

Posted by By 01/06/2023Posted inForex
The Dow and CAC40 have rallied off their Wednesday lows, while the Nasdaq 100 has moved lower after its fourteen-month high earlier in the week
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Euro Area Inflation Slows Hitting February 2022 Lows, EUR/USD Bid

Posted by By 01/06/2023Posted inForex
Euro Area inflation fell across the board in May with both the core and YoY print beating forecasts. Despite the positive data, it is unlikely to deter the ECB from…
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AUD/USD Price Forecast: Critical Juncture for Aussie Dollar

Posted by By 01/06/2023Posted inForex
AUD/USD remains hesitant as US factors and local Australian influences battle for supremacy.
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New Zealand Dollar’s Slide Approaches Limits: NZD/USD, EUR/NZD, GBP/NZD Price Setups

Posted by By 01/06/2023Posted inForex
The New Zealand dollar undoubtedly looks weak against its peers as the market digests the possibility of NZ rates peaking. However, the NZ currency is running into some pretty tough…
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US Dollar Dithers After Debt Deal Passes House of Reps. Will the Fed Now Drive USD?

Posted by By 01/06/2023Posted inForex
The US Dollar struggled for direction on Thursday after the US debt deal passed through the House of Representatives ahead of the next hurdle. The market is now eyeing the…
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Making Sense of Japanese Yen’s Recent Slide: Is it the Start of a Renewed Leg Lower?

Posted by By 01/06/2023Posted inForex
There are a couple of things that stand out on the charts of the Japanese yen against the US dollar and the closely correlated US Treasury yields recently. Importantly, what…
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