FX

Gold Price is extending a two-day bearish momentum on Friday.    The US dollar reigns supreme as risk-aversion remains at full steam. XAUUSD appears vulnerable, with all eyes on next week’s Fed decision. Gold Price is trading with size-able losses on the final trading day of the week, as investors continue to seek refuge in

The NZD/USD slumps to fresh three-week lows, despite the RBNZ’s beginning of its QT program. US initial Jobless Claims rose more than expected, but market players are focused on US inflation data. The RBNZ will begin its Quantitative Tightening (QT) program at an NZ $5 billion rate. The New Zealand dollar slides for the fifth

EUR/USD comes under pressure near 1.0700. German 10y Bund yields approach 1.40%. The ECB is expected to keep the policy rate unchanged. The single currency wobbles between gains and losses and motivates EUR/USD to trade within a volatile note around the 1.0700 region on Thursday. EUR/USD focuses on the ECB EUR/USD trades in an unresolved

What you need to take care of on Thursday, June 9: Trading was choppy across the FX board, with most major pairs holding on to familiar levels, except for the USD/JPY pair, which surged to a fresh 20-year high of 134.47. The imbalance between the US Federal Reserve and the Bank of Japan boosted the

The Bank of Japan (BOJ) will consider downgrading its assessment on factory output at the June policy meeting due to supply disruptions caused by China’s covid lockdowns, Reuters reports, citing sources with the central bank’s thinking. The BOJ is expected to maintain the view that Japan’s economy is picking up as a trend, noting that

The price is running into monthly resistance but prior highs near 102.80 will be eyed if the bulls stay with the course.  The yen is suffering a central bank divergence blow and a potential paradigm shift.  At 95.89, AUD/JPY is strong and rising over 1% on the day following a surprise move and hawkishness from the

Here is what you need to know on Tuesday, June 7: With the benchmark 10-year US Treasury bond yield rising above 3% on Monday, the greenback gathered strength against its rivals at the start of the week. The US Dollar Index extended its rebound early Tuesday and climbed to its highest level in two weeks.

Britain’s prime minister, beset by a scandal over lockdown parties, faces a decisive vote on Monday evening London time. Conservative lawmakers have handed out to the PM Boris Johnson a potentially lethal blow to his leadership as they have triggered a no-confidence vote which could force him from his position as leader of the government a little more

Gold Price consolidates Friday’s pullback from key hurdle amid cautious optimism. Yields struggle to keep the first weekly gain in four with eyes on US CPI. Chatters surrounding hawkish Fed bets, China-linked headlines and ECB are important as well. Gold Price (XAUUSD) reverses the previous day’s losses, despite a recent retreat to $1,850, amid mixed

The yellow metal would finish the week on the defensive, losing 0.28%. Sentiment remains negative, as US equities fall between 1.02% and 2.57%. Fed’s Mester supports 50 bps hikes in June and July; September is still open for 50 or 25 bps increases. Gold Price Forecast (XAU/USD): Failure at $1889.91, exacerbates a fall towards $1800.

The USD/CHF bounces off weekly lows and is back above 0.9600. Risk appetite remains dampened, US equities tumble, and the greenback rise, underpinned by elevated US Treasury yields. USD/CHF Price Forecast: The major is upward biased, though a daily close above 0.9660 would exacerbate a rally towards the 20-DMA. On the week’s last trading day,

The EUR/USD is set to finish the week almost flat, though with a minimal loss, Risk-aversion boosted the appetite for the greenback, though it weighed on the EUR/USD. EUR/USD Price Forecast: To consolidate in the 1.0627-1.0787 range, but downside risks remain. The EUR/USD edges lower as the New York session winds down, trimming some of

US dollar strengthens on Friday amid risk aversion and higher US yields. Positive employment report partially offset by a weaker reading of ISM Service PMI. EUR/USD flat for the week at around 1.0700.  The EUR/USD failed to recover the 1.0750 zone and pulled back during Friday’s American session toward the 1.0700 area. It is about

NZD/USD slid back to the low 0.6500s from earlier multi-week highs as the buck strengthened post-strong US jobs data. Attention turn to US CPI next week and evidence of a further easing of US price pressures could support NZD/USD. NZD/USD slipped back from multi-week highs it hit earlier in the session in the upper 0.6500s

The US’ law banning imports from Xinjiang would “severely” damage ties and escalate a dispute between the nations over human rights, China’s Foreign Ministry spokesman Zhao Lijian warned late Thursday. Key quotes “If the act is implemented, it will severely disrupt normal cooperation between China and the US, and global industrial and production chains.” “The

Bank of Canada (BoC) Deputy Governor Paul Beaudry on Thursday said that the BoC sees an increasing likelihood that it may need to raise its policy rate to 3% or higher, reported Reuters.  Additional Remarks: The risk is now greater that inflation expectations could de-anchor and high inflation could become entrenched.  In deliberations ahead of

AUD/USD remains pressured despite the firmer Aussie trade numbers. Australia’s trade surplus grew in April, Exports and Imports also improved. Risk-aversion seems to weigh on the pair amid fears of inflation, growth. US ADP Employment Change, Factory Orders eyed for intermediate clues ahead of Friday’s NFP. AUD/USD stays depressed around 0.7170, fading the bounce off

EUR/USD appears under pressure in the low-1.0700s. The resistance line around 1.0790 caps the upside so far. EUR/USD remains slightly on the defensive, although it manages well to keep the trade above the 1.0700 m ark so far on Wednesday. The surpass of the 3-month resistance line, today around 1.0790, should see the downside pressure