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Forex
Forex Today: EU inflation figures, US employment data and PMI report to drive the action
Here is what you need to know on Wednesday, April 3:
The US Dollar (USD) lost its strength following the bullish action seen on Monday and the USD Index…
USD/INR trades strongly ahead of US ADP, Services PMI data
Indian Rupee struggles to gain ground amid the higher oil prices.
The rising Middle East geopolitical tensions might weigh on the INR.
Investors will…
ASX 200 drops to near 7,780, drags down by tech and property sectors
ASX 200 Index loses ground as the real estate and information technology sectors weaken.
Wall Street declined as the US Treasury yields have risen after…
Japanese Yen flat lines against USD, seems vulnerable near multi-decade low
The Japanese Yen struggles to capitalize on the overnight modest uptick against the USD.
The BoJ’s dovish stance undermines the JPY, though intervention…
China’s Caixin Services PMI rises to 52.7 in March, as expected
China's Services Purchasing Managers' Index (PMI) improved to 52.7 in March, compared with the February print of 52.5, the latest data published by Caixin…
Gold hits new peak amid rising middle East tensions, high US yields
Gold climbs to $2,280, driven by Middle East tensions, strong US data.
High US Treasury yields, strong US Dollar counterbalanced by geopolitical worries,…
EUR/USD clings to mild losses below 1.0770, investors await Eurozone inflation, US PMI data
EUR/USD trades softer around 1.0765 despite the softer US Dollar.
Futures traders expect the US Fed to start easing in the June meeting.
The German HICP…
GBP/USD remains on the defensive below 1.2600, eyes on US data, Fed’s Powell speech
GBP/USD trades on a weaker note near 1.2575 on Wednesday.
Many Fed officials see three rate cuts as reasonable this year.
Traders raise their bets the BoE…
Forex Today: Firm US data poured cold water over rate cut bets
The Greenback retreated from recent peaks, sponsoring some much-needed respite in the risk-linked universe as European investors returned to their desks…
NZD/JPY Price Analysis: Bears hold the upperhand, bearish SMA crossover might intensify momentum
The RSI on the daily chart lies deep in negative terrain.
Inidicators on the hourly chart are showing a slight improvement.
The 20 and 100-day SMAs are…