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Forex
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…
ECB’s Centeno: Level of interest rates in Euro area remains restrictive
European Central Bank (ECB) policymaker Mario Centeno noted on Friday that the ECB's decision to lower key rates by 25 basis points (bps) was "absolutely…
Pound Sterling slides as decline in UK GDP stems economic concerns
The Pound Sterling sells off sharply after data showed the UK monthly GDP surprisingly declined by 0.1% in October.
UK Industrial and Manufacturing…
EUR/GBP rallies to levels near 0.8300 after disappointing UK data
The Euro bounces up from two-year lows with the GBP tumbling after weak UK data.
UK GDP contracted for the second consecutive month in November.
The…
Gold finds some support at $2,660, with upside attempts limited
Gold pares previous gains and retreats below $2,700 weighed by higher US yields.
The divergence between the Federal Reserve and the rest of the major…
USD trades mixed versus majors – Scotiabank
The US Dollar (USD) is ending the week on a mixed note. But the Dollar Index (DXY) is tracking lower from its intraday high, reflecting a rebound in the EUR…
Palladium market balanced this year and next according to leading producer – Commerzbank
The world's largest Palladium producer from Russia expects an almost balanced Palladium market in 2024, according to a press release published this week,…