Author name: Analyst

The dollar extended its upward trajectory for the third consecutive session, finding support from stabilized Treasury yields. Additionally, comments from Federal Reserve Bank of Minneapolis President Neel Kashkari lent further strength to the greenback, suggesting that the central bank is inclined to maintain current interest rates “for an extended period of time.” Bank of Japan Governor […]

Wall Street surged on Tuesday, buoyed by growing optimism that the Federal Reserve would initiate interest rate cuts later this year. The positive sentiment in the U.S. market led to a decline in the yen, as investors adjusted their positions in response to evolving central bank policies. The yen weakened after remarks from Japan’s top currency

Traders are bracing themselves for a series of central bank meetings scheduled for the upcoming week, with particular attention on the Reserve Bank of Australia’s meeting on Tuesday. Anticipation is high for a potentially hawkish tone from the RBA following stronger-than-expected inflation data last month. Additionally, market participants are awaiting Chinese activity data and inflation readings from

In a unanimous decision, the Federal Reserve opted to maintain the target range for the benchmark federal funds rate at 5.25% to 5.5%, downplaying the possibility of immediate rate hikes. This decision followed a series of data releases indicating stubborn inflation pressures. Fed Chair Jay Powell emphasized that it’s unlikely the central bank’s next move would

Gold prices experienced a decline early Tuesday, with traders opting to cash in profits as anticipation builds ahead of the upcoming US Federal Reserve (Fed) interest rate decision scheduled for Wednesday. Adding to the downward pressure on gold prices is a cautiously optimistic market sentiment and a broad rebound in the US Dollar (USD). This

The Japanese yen experienced a significant dip below 160 per dollar for the first time since 1990, marking a notable milestone in its recent downward trajectory. However, the currency swiftly reversed its losses as of mid-Monday, leaving traders speculating on potential intervention measures by authorities to halt its slide. The yen’s decline gained momentum last week,

Oil prices are poised for a weekly uptick as investors await crucial US inflation data, which is expected to provide insights into the trajectory of monetary policy, thereby influencing risk appetite across various asset classes, including commodities like crude oil. The Federal Reserve’s favored inflation indicator is scheduled for release later on Friday, following recent

The Japanese yen experienced a significant downturn, plummeting beyond the 155 per dollar mark to levels unseen since 1990. This sharp depreciation continued after breaching the crucial threshold on Wednesday, marking over three decades of lows and raising the specter of potential intervention ahead of the Bank of Japan’s policy decision slated for Friday. Market observers

All eyes in the gold market are firmly fixed on the critical $2,318 support level for XAU/USD as traders eagerly await key US economic indicators for fresh trading direction. Wednesday’s focus centers on mid-tier US Durable Goods data, although the main event of the week remains the release of the advance first-quarter US Gross Domestic Product

The outlook for gold prices suggests a possible rebound in the near term, following a recent correction spurred by easing concerns of a broader conflict in the Middle East and a tech-driven rally on Wall Street. Overnight, risk sentiment flowed into Asia, exerting downward pressure on gold prices. However, investor sentiment appears cautious as attention turns