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Forex
EUR/USD Price Forecast: Hovers near 1.0500 post-ECB’s rate cut
EUR/USD remains tethered to the 1.0500 mark, rebounding slightly to 1.0498 after testing weekly lows.
Technical analysis shows the pair is in a delicate…
Gold edges lower on rising US yields, still eyes weekly gains
Gold declines but holds to weekly gains as mixed US economic data keeps rate cut expectations alive.
Market braces for the Federal Reserve's decision on…
Australian Dollar struggles under pressure as Fed policy shifts
The Australian Dollar edges to 0.6392 but fails to hold gains.
Markets anticipate that the Fed will deliver a hawkish cut.
Higher US Treasury yields give…
Dow Jones Industrial Average slips into a seventh straight down day amid tepid markets
The Dow Jones falls another 0.25% during quiet Friday trading.
Equity indexes are broadly lower as investors weigh their options.
Markets already look…
US Dollar defends its ground as focus shifts to Fed decision
The US Dollar extends its winning streak on Friday, with the DXY Index trading above 107.00 for the first time in more than two weeks.
Signs of lingering…
Mexican Peso appreciates, finishes week higher ahead of Central Bank meetings
Mexican Peso appreciates 0.50% against the Dollar following a week of mixed US data, bolstering Fed rate cut odds.
Light economic docket sees US Import…
NZD/USD Price Analysis: Pair edges lower to 0.5760 as selling pressure mounts
NZD/USD declines on Friday, settling around 0.5760 after trimming earlier gains near 0.5850.
Pair remains capped by the 20-day SMA, with upside attempts…
USD/JPY hits two-week highs near 153.50 as BoJ tightening hopes fade
The Yen extends losses on dovish BoJ comments and higher US Yields.
Hopes of gradual easing by the Fed are keeping the US Dollar buoyed.
US data seen this…
USD/SGD: Consolidation likely near term – OCBC
USD/SGD continued to inch higher, tracking broader USD strength while softer EUR and RMB spillover. Pair was last at 1.3475, OCBC’s FX analysts Frances Cheung…
Gold price falls below $2,700 again – Commerzbank
The Gold price reached its highest level since the US presidential election five weeks ago at $2,725 per troy ounce yesterday, but then fell back below the…