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Forex
New Zealand Dollar tumbles below 0.5650 on RBNZ rate cut bets
The NZD/USD pair remains on the defensive near 0.5630 during the early European session on Wednesday. Expectations of an imminent interest rate cut from the Reserve Bank of New…
EUR/JPY softens to near 180.00 on intervention fears
The EUR/JPY cross loses ground to near 180.00 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Euro (EUR) amid speculations that…
UK CPI expected to ease, paving the way for possible BoE rate cuts
The United Kingdom (UK) Office for National Statistics (ONS) publishes the highly relevant Consumer Price Index (CPI) data for October on Wednesday at 07:00 GMT. The market…
Australian Dollar remains subdued as US Dollar steadies on Fed outlook
The Australian Dollar (AUD) declines against the US Dollar (USD) on Wednesday after registering more than 0.25% gains in the previous session. The AUD/USD pair remains subdued…
NZD/USD declines below 0.5650 as RBNZ is expected to deliver its final 25 bps rate cut
The NZD/USD pair trades in negative territory near 0.5645 during the early Asian session on Wednesday. The New Zealand Dollar (NZD) weakens against the Greenback amid the imminent…
XAU/USD climbs above $4,050 amid risk-off sentiment
Gold price XAU/USD attracts some buyers to around $4,070, snapping the three-day losing streak during the early Asian session on Wednesday. The precious metal rises amid the…
Canadian Dollar rebounds on fresh Crude Oil strength
The Canadian Dollar (CAD) found a fresh foothold on Tuesday, climbing around one-half of one percent against the US Dollar (USD). Crude Oil prices are on the rise in the front half…
EUR/USD cracks below 1.1600 as fear trade lifts Dollar ahead of NFP
EUR/USD turns negative on the day and drops below 1.1600 for the second straight day on risk-off mood as investors wait for NVIDIA earnings, and digest US labor market data, orders…
The FOMC Minutes and UK inflation data gather all the attention
The US Dollar (USD) traded in a slightly constructive tone, extending its recent advance on Tuesday, all against the backdrop of a persistent risk-off sentiment and steady caution…
Dow Jones drops below key levels on US data and AI concerns
The Dow Jones Industrial Average faced renewed downside pressure on Tuesday, tumbling 680 points from the previous day’s close at its lowest before finding a half-hearted technical…