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Forex
Japanese Yen gains against softer USD as intervention fears persist
The Japanese Yen (JPY) edges higher during the Asian session on Tuesday and recovers a part of the overnight losses against its American counterpart amid speculations that…
Australian Dollar steadies as traders eye CPI, Fed rate cut bets rise
The Australian Dollar (AUD) moves little against the US Dollar (USD) on Tuesday after two days of gains. Traders await Australia’s first “complete” monthly CPI due on Wednesday for…
New Zealand Dollar weakens to near 0.5600 as RBNZ seen cutting rates
The NZD/USD pair remains weak near 0.5605 during the early Asian trading hours on Tuesday. The expectations of the Reserve Bank of New Zealand (RBNZ) rate cut at the November…
Gold rises to near $4,150 as Fed rate cut bets grow
Gold price (XAU/USD) attracts some buyers to around $4,140 during the early Asian session on Tuesday. The precious metal rises on growing expectations of a US Federal Reserve (Fed)…
Japanese Yen drifts lower below 157.00 amid Japanese fiscal concerns
The USD/JPY pair edges higher to around 156.85 during the early Asian session on Tuesday. Fiscal concerns and the Bank of Japan (BoJ) rate hike uncertainty exert some selling…
XAG/USD rebounds to $51.37 as yields drop
Silver (XAG/USD) rallies sharply during the North American session, edged up more than 2.50% after bouncing off daily lows of $49.73 and trades at $51.37 at the time of writing.…
EUR/USD advances modestly on stronger odds of Fed easing
EUR/USD treads water on Monday, registering modest gains of more than 0.10%, as the US Dollar (USD) consolidates despite dovish comments by Federal Reserve (Fed) officials.…
US Retail Sales, Producer Prices and German GDP figures next on tap
The US Dollar (USD) added to Friday’s small pullback and flirted with the area of three-day lows as investors continued to pencil in further interest rate cuts by the Federal…
Dow Jones climbs 300 points as markets await further Fed rate cuts
The Dow Jones Industrial Average (DJIA) found some room on the high side on Monday, kicking off a holiday-shortened trading week with a 300-point jump to reclaim the 46,500 region.…
Gold surges toward $4,100 as markets go all-in on Fed cuts
Gold (XAU/USD) rallies sharply on Monday, gaining 0.80% as investors seem confident that the Federal Reserve (Fed) will slash rates at the December meeting as US economic data…