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Forex
Gold holds gains above $4,300 on prospect of further Fed rate cuts
Gold price (XAU/USD) extends its upside to around $4,305, the highest since October 21, during the early Asian trading hours on Tuesday. The precious metal edges higher on further…
Japanese Yen strengthens to near 155.00 amid BoJ rate hike bets
The USD/JPY pair loses traction to around 155.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) amid the expectation…
Australia’s S&P Global Manufacturing PMI rises to 52.2 in December
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 52.2 in December versus 51.6 prior, the latest data published by…
It is critical for the US central bank to get inflation back to 2%
Federal Reserve (Fed) Bank of New York President John Williams said that he projects the jobless rate will come back down over the next few years at an event hosted by the New…
AUD/USD trades lower as US Dollar firms ahead of delayed US NFP data
AUD/USD remains under pressure on Monday, with the Australian Dollar (AUD) edging lower as the US Dollar (USD) stages a modest rebound ahead of a heavy US economic docket due on…
Pair stalls below 156.00 as momentum fades
The Japanese Yen (JPY) trades on the front foot against the US Dollar (USD) on Monday, supported by firm expectations that the Bank of Japan (BoJ) will raise interest rates at its…
Gold holds steady as traders weigh Fed stance and upcoming data
Gold (XAU/USD) holds firm on Monday after hitting a daily high of $4,350 earlier, but traders booking profits sent the yellow metal to erase its earlier gains as the Greenback…
Rotation hits tech again, Bitcoin struggles to hold $87K
The rotation out of tech continues to pressure the Nasdaq, while risk appetite remains muted ahead of a busy schedule for the week, says Chris Beauchamp, Chief Market Analyst at…
GBP/USD nears 1.3400 as traders brace for BoE cut
GBP/USD nears 1.3400 as traders brace for BoE cutGBP/USD advances during the North American session up 0.28% amid a scarce economic docket but following the Federal Reserve’s last…
EUR/USD trades near multi-week highs amid softer US Dollar, cautious Fed outlook
The Euro (EUR) strengthens against the US Dollar (USD) on Monday as the Greenback remains under sustained pressure following last week’s 25 basis point (bps) interest rate cut by…