Forex

Gold price soars, supported by weakening US Dollar in face of high Treasury yields. XAU/USD was boosted by Fed Chair Powell hinting at rate cuts within the…

Dow Jones gives away initial gains as investors digest Powell, US services data.  US Services activity softened against expectations in March with the…

ISM Services PMI figures from March were weaker than expected. ADP numbers were strong. The odds of an interest rate cut somewhat increased for the June Fed…

Canadian Dollar bounces up with the US Dollar retreating on downbeat US data. US service sector activity decelerated against expectations with Prices Paid…

Mexican Peso rises despite higher US Treasury yields, mixed data. Atlanta Fed President Bostic’s hawkish outlook sponsored traders repricing for a less…

EUR/USD is rebounding from intraday-chart oversold lows.  ISM Services PMI weighs on US Dollar further pushing the pair higher.  The recovery could rise…

USD/CHF faces selling pressure near 0.9100 as US Dollar drops on weak ISM Services PMI data. Fed’s hawkish guidance has dented Fed rate cut expectations for…

Gold price bounces back to $2,280 after weak US ISM Services PMI Fed policymakers see no urgency for rate cuts. Investors await the Fed Powell’s speech for…

The New Zealand Dollar extends its downtrend in most pairs as broadly weak fundamentals exert pressure.  RBNZ governor Orr says the bank is “laser-focused”…

The Pound Sterling faces pressure above 1.2580 on cautious sentiment. The UK Manufacturing PMI signaled expansion in March for the first time in two years.…