Latest Forex, Commodities and Indices News
Gold price flat-lines above one-week low, awaits the crucial Fed decision on Wednesday
Gold price oscillates in a range and is influenced by a combination of diverging forces. Hawkish Fed expectations, elevated US bond yields and a bullish [more]
USD/CAD consolidates around 1.3540, focus on Canada’s CPI data
USD/CAD exhibits sideways movement with a positive bias to extend gains. Fed could uphold its elevated interest rates to curb inflationary pressures. Canadian Consumer Prices [more]
USD/INR extends rally, investors await Fed rate decision
Indian Rupee loses traction on Tuesday amid a stronger USD. Fed is expected to hold rates steady in the range of 5.25%–5.50% at its March [more]
Japanese Yen slides to near two-week low against USD ahead of BoJ policy decision
The Japanese Yen continues losing ground amid reduced bets for a BoJ policy pivot. Hawkish Fed expectations underpin the USD and further lend support to [more]
Australian Dollar exhibits sideways movement amid muted ASX 200, RBA decision eyed
Australian Dollar remains tepid ahead of RBA’s policy decisions on Tuesday. Australian S&P/ASX 200 Index experiences thin trading activity due to market caution. US Dollar [more]
China’s Foreign Minister: Ready to work with New Zealand on upgraded version of the free trade agreement
Chinese Foreign Minister Wang Yi, during his visit to New Zealand on Tuesday, said that “China is ready to work with New Zealand to implement [more]
PBoC sets USD/CNY reference rate at 7.0985 vs. 7.0943 previous
On Tuesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0985 as compared to the previous [more]
EUR/USD remains under pressure above the mid-1.0800s, Fed rate decision eyed
EUR/USD remains on the defensive near 1.0872 amid renewed USD demand. The Fed is anticipated to hold benchmark interest rates steady in the range of [more]
Japan’s Suzuki: Will not comment on any BoJ policy steps to be taken
The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry [more]
BoJ’s Pivot Imminent: Yen Ready for Takeoff or Tumble? Setup on USD/JPY
Most Read: Gold Price Outlook: Fed May Shake Up Markets. Pullback or Rally in Store?The Bank of Japan is set to wrap up its March [more]
Gold Price Outlook: Fed May Shake Up Markets. Pullback or Rally in Store?
Most Read: Gold Price Forecast: Fed in Spotlight – Bullish Explosion or Crash Ahead?Gold prices advanced on Monday, but gains were limited in a context [more]
Gold, Silver, Platinum Forecasts – Gold Stays Strong Despite Rising Treasury Yields
Platinum 180324 Daily ChartPlatinum is under pressure as traders focus on the strong sell-off in palladium markets, which are down by 4.1%. Interestingly, the better-than-expected [more]
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs As China’s Retail Sales Exceed Expectations
Key Points:Natural gas found strong support above the $1.60 - $1.65 level. WTI oil gains ground as traders react to the better-than-expected economic data from [more]
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs As NAHB Housing Market Index Beats Expectations
Key Points:EUR/USD moved lower as traders reacted to U.S. housing market data. USD/CAD was mostly flat despite rising oil markets. USD/JPY settled above the 149.00 [more]
Crude Oil – Verification of Breakout?
(…) crude oil futures reversed and moved lower earlier today, signaling that further deterioration is very likely (…)As you see on the above chart, recent [more]
USD/JPY Forecast: BoJ’s Interest Rate Hike Prospects and a Drop Toward 140
Beyond the interest rate decision, investors must consider other policy tweaks. Possible policy tweaks may include ending the yield curve control policy (YCC).Significantly, the BoJ [more]
Silver Price Forecast – Silver Continues to See Buyers
Silver initially pulled back on Monday only to turn around and show signs of strength again. That being said, the market looks as if it [more]
AUD to USD Forecast: RBA Interest Rate Decision Crucial Amid US Housing Market Focus
A higher-for-longer Fed rate path could influence borrowing costs and reduce disposable income. Downward trends in disposable income could curb consumer spending and dampen demand-driven [more]
Sterling Outlook: GBP/USD, EUR/GBP, GBP/JPY Setups Ahead of CPI
Pound Sterling AnalysisSterling in focus ahead of lower anticipated UK inflation – BoE up NextGBP/USD falls back into prior trading range as USD maintains bidEUR/GBP [more]
USD/JPY: A BoJ hike can trigger a correction to levels below 148.00 – ING
The Bank of Japan’s hike or hold decision is a 50-50 affair. Economists at ING analyze how the BoJ policy announcement could impact the Japanese [more]
EUR/CHF Price Analysis: Reaches new high for 2024
EUR/CHF makes new year-to-date highs in 0.9630s. Short and intermediate trends are bullish – long-term still bearish. MACD is diverging bearishly, however, and triangles are [more]
Dogwifhat surges after WIF photo sells as NFT
Solana meme coin Dogwifhat’s photo was purchased by web3 pioneer Global Coin Research as an NFT. GCR’s purchase likely catalyzed a rally in WIF, with [more]
Yields will need to press higher still if the US Dollar is to advance further – Scotiabank
The US Dollar (USD) is trading close to Friday’s levels. Economists at Scotiabank analyze Greenback’s outlook. US 10Y bond yields around 4.30% are supportive for [more]
USD/JPY holds strength above 149.00 ahead of BoJ-Fed policy decisions
USD/JPY clings to gains above 149.00 as the BoJ seems to be delaying plans of exiting an ultra-dovish policy stance. Earlier, large hikes awarded by [more]