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Forex
NZD/USD Price Forecast: Falls to near 0.6050 within the descending channel
NZD/USD attempts to remain within the descending channel pattern.
If the 14-day RSI breaks below the 30 level, it would indicate an oversold territory and…
EUR/USD extends decline ahead of ECB policy meeting
EUR/USD extends its downside to near 1.0850 as traders brace for the ECB policy meeting.
The ECB is expected to cut its key borrowing rates by 25 bps for…
Japanese Yen remains on the back foot against USD amid BoJ rate-hike uncertainty
The Japanese Yen struggles to capitalize on its modest intraday uptick against the USD.
The uncertainty over the BoJ’s rate-hike plan and a positive risk…
EUR/JPY trades with modest losses above 162.00 mark, ECB decision awaited
EUR/JPY drifts lower amid bets for another ECB interest rate cut later this Thursday.
The BoJ uncertainty and a positive risk tone cap the JPY, lending…
Malaysia Gold price today: Gold rises, according to FXStreet data
Gold prices rose in Malaysia on Thursday, according to data compiled by FXStreet.
The price for Gold stood at 370.87 Malaysian Ringgits (MYR) per…
PBOC Deputy Governor: Rate cut applies to 90% of existing mortgages
People’s Bank of China (PBOC) Deputy Governor spoke on several topics on the supportive measures implemented to shore up the property market.
Key takeaways…
Gold price flirts with record peak, seems poised to appreciate further
Gold price challenges all-time peak and draws support from a combination of factors.
Expected rate cuts by major central banks and geopolitical risks boost…
EUR/USD backslides to a ten-week swing low ahead of ECB rate call
EUR/USD withered further on Wednesday, sagging below 1.0900.
ECB rate cut looms large around the corner, broadly expected to trim rates 25 bps.
Final EU…
WTI drops to two-week low below $71.00 on easing fears of oil supply disruption
WTI price loses ground to around $70.70 in Thursday’s early Asian session.
Easing fears of an oil supply disruption in the Middle East, sluggish global oil…
USD/CAD posts modest gains above 1.3750, eyes on US Retail Sales data
USD/CAD trades with mild gains around 1.3755 in Thursday’s early Asian session.
The expectation of a slower pace of Fed rate cuts underpins the USD…