Latest Forex, Commodities and Indices News
Australian Dollar rebounds due to improved risk appetite
The Australian Dollar appreciates ahead of US PMI data on Thursday. Australia's Consumer inflation expectations dropped to 4.1% in May from 4.6% in April, hitting [more]
NZ FinMin Willis: Government deficit expected to be larger next year than it is this year
The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health [more]
Cryptocurrencies Price Prediction: Near, Ethereum & AI Tokens — Asian Wrap 23 May
Near protocol (NEAR) co-founder Illia Polosukhin stated in a social media post on Wednesday plans for NEAR to launch NEAR AI, a user-owned AI system [more]
NZD/USD gains traction above 0.6100 ahead of US PMI data
NZD/USD trades in positive territory near 0.6108 in Thursday’s Asian session. The RBNZ’s hawkish hold has boosted the Kiwi. Fed minutes offered the cautious tine, indicating worries [more]
BoJ keeps JGB buying amounts unchanged from the previous offer
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]
Gold price edges lower on Fed’s hawkish stance
Gold price trades with a negative bias on Thursday. The hawkish stance of the FOMC minutes from last month's meeting might cap the precious metal’s upside. Investors will focus [more]
PBOC sets USD/CNY reference rate at 7.1098 vs. 7.1077 previous
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1098, as against the previous day's fix of 7.1077 and 7.2451 Reuters [more]
Hang Seng Index, ASX 200, Nikkei 225: Hawkish FOMC Minutes and PMI Data
The Services PMI could impact investor expectations of a June Bank of Japan rate hike. Nevertheless, upward trends in the services and manufacturing PMIs may [more]
EUR/USD, GBP/USD, DXY Forecast: DXY at $104.85; Focus on PMI Figures
Arslan, a webinar speaker and derivatives analyst, has an MBA in Finance and MPhil in Behavioral Finance. He guides financial analysis, trading, and cryptocurrency forecasting. [more]
Silver (XAG) Daily Forecast: Drops to $30.40 Amid Fed’s Hawkish Stance; Buy Now?
Arslan, a webinar speaker and derivatives analyst, has an MBA in Finance and MPhil in Behavioral Finance. He guides financial analysis, trading, and cryptocurrency forecasting. [more]
Gold (XAU) Daily Forecast: Prices Drop to $2,365; Hawkish Fed and Strong Dollar Impact
AdvertisementAdvertisementPublished: May 23, 2024, 06:53 GMT+00:00Key Points:Gold (XAU/USD) continued its decline, trading near $2,365 amid a hawkish Fed stance. Traders are watching US Manufacturing and [more]
Natural Gas and Oil Forecast: WTI and Brent Down 0.20%; Time for Bullish Correction?
Arslan, a webinar speaker and derivatives analyst, has an MBA in Finance and MPhil in Behavioral Finance. He guides financial analysis, trading, and cryptocurrency forecasting. [more]
AUD to USD Forecast: The US Services PMI to Impact Bets on a Fed Rate Hike
A larger-than-expected fall could drive buyer demand for the US dollar. Tighter labor market conditions could support wage growth and increase disposable income. Higher disposable [more]
USD/JPY Forecast: Services PMIs to Impact BoJ and Fed Rate Hike Bets
The Jibun Bank Services PMI will likely impact buyer demand for the Japanese Yen. Following the Spring wage hikes, the BoJ hopes the services sector [more]
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back After EIA Report
Key Points:Natural gas tests resistance at $2.80 - $2.85.WTI oil retreats as traders focus on rising crude inventories. Brent oil pulled back below the $82.00 [more]
Gold, Silver, Platinum Forecasts – Gold Dives Below $2400 On Profit-Taking
Key Points:Gold moved below the $2400 level as traders took profits near historic highs. Silver pulled back towards $31.00 as gold/silver ratio rebounded to 76.50.Platinum [more]
GBP/USD Price Analysis: Stays bullish despite retreating from two-month highs
GBP/USD clings to earlier gains after UK CPI data. Immediate resistance at 1.2800 remains elusive for buyers. Support at 1.2700; once cleared, GBP/USD could dive [more]
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As Treasury Yields Move Higher
Key Points:GBP/USD gained ground as traders reacted to UK inflation data. USD/CAD was mostly flat despite the sell-off in precious metals markets. USD/JPY climbed above [more]
AUD/USD Price Analysis: Posts fresh five-day low near 0.6640
AUD/USD refreshes five-day low near 0.6640 amid cautious market mood. Investors await the FOMC minutes to project the next move in the US Dollar. US [more]
EUR/GBP retreats as chances of BoE’s June cut plunge after UK’s CPI
EUR/GBP slides to 0.8505, posting 0.37% losses as sterling strengthens during Wednesday's trading period. Following the UK's CPI, markets foresee diminishing odds for a BoE [more]
USD/JPY Price Analysis: Closes in on resistance with possibility of temporary pullback
USD/JPY closes in on a resistance level at former highs. The pair could pullback temporarily from the technical resistance level. The uptrend remains intact, however, [more]
USD/CAD rises to 1.3660 as US Dollar moves higher ahead of FOMC minutes
USD/CAD moves higher to 1.3660 amid caution ahead of FOMC minutes. Fed officials emphasize keeping interest rates restrictive for a longer period. Trades raise bets [more]
Silver Price Forecast – Silver Continues to See Volatility
The silver market has been very volatile over the last few days, as we are currently trying to work off some of the excess froth [more]
Japanese Yen Is on the Edge
Are we on the verge of a Yen resurgence? Our analysis takes a deep look at the latest technical signals, including the intriguing story the [more]