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Forex
Pound Sterling clings to gains near 1.2700 amid uncertainty over BoE rate-cut timing
The Pound Sterling performs stronger against the US Dollar as markets widely expect the Fed to deliver two interest-rate cuts this year.
Investors expect…
USD/CNH: To trade sideways within a range of 7.2750/7.2910 – UOB Group
The US Dollar (USD) is likely to trade in a sideways range of 7.2750/7.2910. Resistance levels to watch are 7.3000 and 7.3100, UOB Group analysts note.…
GBP/USD: Slim chance of weakening to 1.2600 – UOB Group
Instead of rising further, the Pund Sterling (GBP) is more likely to trade in a range between 1.2650 and 1.2705. Slowdown in momentum suggests a slim chance of…
Silver Price Forecast: XAG/USD falls toward $29.50, followed by a 50-day EMA
Silver price may find support around the 50-day EMA at $29.01 level.
Analysis of the daily chart suggests a bearish bias as the Silver price consolidates…
Japanese Yen gains ground due to verbal intervention by Japan’s Hayashi
The Japanese Yen extended gains as Japan's Yoshimasa Hayashi stated that authorities would respond appropriately to excessive currency volatility.
The JPY…
Australian Dollar appreciates as Consumer Confidence marks first increase in four months
The Australian Dollar inches higher due to the improved Consumer Sentiment index released on Tuesday.
Australia's Westpac Consumer Confidence rose by 1.7%…
Gold price retreats from two-week highs amid cautious Fed rhetoric
Gold price edges lower in Tuesday’s Asian session.
The stronger US economic data and the Fed's hawkish stance continue to underpin the yellow metal. …
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Gold prices fell in United Arab Emirates on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 274.89 United Arab…
Japan’s Hayashi: Important for currencies to move in a stable manner reflecting fundamentals
Japan Chief Cabinet Secretary Yoshimasa Hayashi said on Monday that excessive foreign exchange (FX) volatility is undesirable, adding that he will closely…
WTI consolidates gains near $82.00 amid hope for strong summer driving demand
WTI hovers around $82.00 amid the softer US dollar on Tuesday.
The renewed hopes of a summertime upswing in fuel demand and geopolitical risks support the…