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Forex
Australian Dollar attracts buyers due to odds of RBA maintaining hawkish stance
The Australian Dollar could appreciate due to expectations of the RBA’s maintaining higher rates.
The upside of the AUD could be limited as softer Q2…
BoJ’s Summary of Opinions: Members see prices and growth developing in line with outlook
Bank of Japan (BoJ) published the Summary of Opinions from its July monetary policy meeting on July 30 and 31, with the key findings noted below.
Key quotes…
USD/CAD extends downside near 1.3750, US Initial Jobless Claims and geopolitical risks eyed
USD/CAD trades on a softer note around 1.3755 in Thursday’s early Asian session.
BoC’s governing council saw the risk that consumer spending could be…
AUD/JPY Price Forecast: Bulls attempt to take control, encouraged by oversold conditions
The AUD/JPY bulls have pushed the pair higher, aiming to close the bullish engulfing pattern higher.
The pair extended its gains but faced resistance at…
US Dollar Price Forecast: USD sees green while markets remain stubborn and challenge the Fed signs
Despite market concerns, the US economy continues to grow above trend.
The market anticipates 100 bps of Fed easing by year's end.
Wednesday won’t have any…
Gold price slips below $2,400 despite geopolitical tensions, Fed policy hopes
Gold retreats beneath $2,400 as US bond yields rise.
Israel braces for potential Hamas retaliation, elevating regional tensions.
Asian central banks,…
USD/JPY Price Forecast: Soars over 1.50% on BoJ dovish stance
USD/JPY surges 240+ pips, trading at 146.86, fueled by BoJ comments.
Breaking 148.00 may target Tenkan-Sen at 148.45, then 149.00.
Failure to hold 146.37…
Australian Dollar Price Forecast: AUD strengthens following RBA’s decision
AUD extends gains after RBA’s hawkish hold.
Governor Bullock affirmed no immediate need for rate cuts.
Investors digest Trade Balance data from China.…
Stock market rollercoaster: Analyzing the recent meltdown and recovery
The financial landscape experienced a seismic shift last week, reminiscent of hitting rumble strips on the interstate—jerking investors awake to the underlying…
Dow Jones Industrial Average continues to recover ground on Wednesday
Dow Jones extends into a second day of recovery after recent backslide.
Markets have shrugged off recession fears, back to waiting for Fed cuts.
Rate…