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Markets turn cautious ahead of next batch of US data
Here is what you need to know on Thursday, January 8:The market mood sours early Thursday and investors adopt a cautious stance. The European economic calendar will feature…
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Gold edges lower as traders await US NFP amid mixed fundamentals
Gold (XAU/USD) extends its descending trend for the second straight day and drops to a three-day low, around the $4,415 area, heading into the European session on Thursday. In the…
EUR/JPY remains subdued near 183.00 as BoJ policy normalization gains traction
EUR/JPY remains subdued as the Japanese Yen (JPY) receives support from growing acceptance that the Bank of Japan (BoJ) will stick to its policy normalization path. The currency…
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US Dollar Index treads water above 98.50 due to market caution
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after two days of gains and hovering around 98.70 during…
Australian Dollar slips despite cautious remarks from RBA’s Hauser
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Thursday following Australia’s Trade Balance data, which showed that the trade surplus narrowed to 2,936M MoM…
USD/CAD extends gains above 1.3850 as concerns over Canadian Oil demand persist
USD/CAD continues its winning streak for the fifth consecutive day, trading around 1.3860 during the Asian hours on Thursday. The pair appreciates as the commodity-linked Canadian…
PBOC sets USD/CNY reference rate at 7.0197 vs. 7.0187 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 7.0197 compared to the previous day's fix of 7.0187.
PBOC…