The recent US PCE report has had a significant impact on gold prices, causing them to fall below the $2,500 mark. This drop has raised the likelihood of a rate cut by the Federal Reserve in September. The Fed’s cautious approach to policy easing has created uncertainty in the markets, with many traders now expecting
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The EUR/USD pair has shown signs of strength, hovering near 1.1080 in the early Asian session. This can be attributed to the fact that US GDP exceeded expectations in the second quarter. With a growth rate of 3.0%, the US economy is performing well, which could dampen hopes for a larger rate cut by the
The New Zealand Dollar (NZD) gained momentum in Thursday’s early Asian session, reaching as high as 0.6280 against the US Dollar (USD). This increase of 0.57% on the day was largely attributed to New Zealand’s business confidence soaring to its highest level in a decade. According to the recent ANZ Business Outlook Survey, the headline
The Indian Rupee (INR) has been facing pressure in recent trading sessions, with sellers entering the market during the early Asian session on Wednesday. This downward movement can be attributed to the weakening of Asian currencies and increased demand for the US Dollar (USD) from importers. However, despite these challenges, positive developments in the domestic
In Tuesday’s early Asian session, the Indian Rupee weakened due to month-end USD demand and higher crude oil prices. Traders are awaiting the US August CB’s Consumer Confidence report and key events later in the week. Analysts predict that the Rupee may trade with a slight positive bias based on global risk sentiments and dovish
The Dow Jones Industrial Average reached a new peak recently, a positive sign for the market. However, this achievement was overshadowed by the tech industry giants taking a break, causing U.S. stock indexes to close with mixed results. The S&P 500 slipped slightly, while the Nasdaq experienced a more significant drop. This shift in momentum
The S&P 500 managed to bounce back after a weak Thursday close, hinting at a potentially strong week ahead. There were indications, shared with clients, that interest rate sensitive plays would outperform largecaps, particularly beyond the Russell 2000. This shift in market dynamics was attributed to the lack of resistance from interest rates and growing
Trading foreign exchange on margin can be extremely risky, as it involves a high level of leverage. This means that even small changes in the market can have a big impact on your investments. While leverage can amplify your profits, it can also work against you and lead to significant losses. It’s important to understand
Recently, the AUD/USD pair has been experiencing volatility due to various economic factors. The strong Australian PMIs have been a key driver in limiting the downside of the pair. The Reserve Bank of Australia’s (RBA) hawkish stance, supported by high inflation and a positive economic outlook, has also contributed to the resilience of the Aussie
The Australian Dollar has shown potential for advancement following the release of RBA Minutes which suggest that current cash rates will remain unchanged for an extended period of time. This indicates stability in the Australian economy, potentially leading to an increase in the value of the Australian Dollar. RBA’s decision not to cut rates in
The USD/CHF pair is currently trading in negative territory near 0.8620, marking the third consecutive day of losses. The main factor contributing to this downward pressure on the pair is the weakening US Dollar. The market is anticipating three quarter-point rate cuts by the Federal Reserve this year, which is weighing on the USD. Traders
In Tuesday’s Asian session, the New Zealand Dollar gained momentum as positive risk sentiment weighed on the US Dollar, leading to an increase in the NZD/USD pair. Investors eagerly awaited the rate decision from the People’s Bank of China (PBoC) ahead of Fedspeak later in the day. The PBoC announced that the one-year and five-year