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Forex
Australian Dollar holds ground around a psychological level, awaits Aussie Budget Release
The Australian Dollar has depreciated due to the dovish sentiment surrounding the RBA.
Australia's Treasury announced that inflation could re-enter the RBA…
Gold price trades on a negative note, eyes on Fedspeak
Gold price loses ground in Monday’s Asian session.
The lower bets on the Fed rate cuts weigh on the precious metal.
Fed’s Jefferson and Mester are set to…
RBNZ Survey: NZ inflation expectations drop to 2.30% QoQ in Q2 2024
New Zealand's (NZ) inflation expectations extended their decline on a 12-month and a two-year time frame for the second quarter of 2024, the Reserve Bank of…
China’s CPI inflation rises to 0.3% YoY in April vs. 0.1% expected
China’s Consumer Price Index (CPI) rose 0.3% YoY in April after reporting a 0.1% growth in March. The market forecast was for a 0.1% increase.
Chinese CPI…
EUR/USD trades with a bearish bias above 1.0750 ahead of US economic data
EUR/USD weakens to 1.0770 in Monday’s early Asian session.
The high-for-longer US rate narrative and, the Fed’s hawkish comments lift the Greenback.
The…
Gold Price Forecast: XAU/USD extends the rally near $2,360 amid geopolitical risks
Gold price kicks off the new week on a positive note around $2,360 on Monday.
The hawkish comments from the US Fed might weigh on the yellow metal.
The…
AUD/USD posts modest gains above 0.6600, investors await fresh catalysts
AUD/USD trades with mild positive bias near 0.6605 on Monday.
Fed officials reiterated on higher-for-longer mantra, supporting the USD against its rivals.…
Elliott Wave analysis: Nasdaq 100 and top tech stocks [Video]
NASDAQ Stock market Elliott Wave analysis and trading strategies: NASDAQ 100 (NDX) QQQ ETF, SP500 (SPX), SPY, Apple (AAPL), Tesla (TSLA), Amazon (AMZN),…
Fed’s Bowman: I don’t see rate cuts as warranted this year
Federal Reserve (Fed) Board of Governors member Michelle W. Bowman noted that she is skeptical about the chances of a rate cut in 2024 while speaking at the…
Pound Sterling struggles at 200-DMA, retreats toward 1.2500
GBP/USD Price Analysis: Struggles at 200-DMA, retreats toward 1.2500
The Pound Sterling weakened against the US Dollar on Friday, even though economic data …