The AUD/USD pair recently experienced a drop, moving down to 0.6950 due to a recovery in the USD. This adjustment comes after a strong uptrend that saw the pair gaining around 2% in previous sessions. The narrative of monetary policy divergence between the Federal Reserve (Fed) and the Reserve Bank of Australia (RBA) has been
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The recent RBA Minutes have indicated that the current cash rates are likely to stay in place for a longer period. This has led to speculation that the Australian Dollar may continue to advance its gains in the near future. Despite the suggestion that a rate cut is unlikely soon, the market sentiment towards the
The USD/CHF pair has been struggling and losing ground, hovering around 0.8620 in the early Asian trading session. One of the major factors contributing to this decline is the market’s expectation of three quarter-point rate cuts by the Federal Reserve this year. This anticipation has significantly weakened the US Dollar, putting pressure on the pair
The New Zealand Dollar has shown strong gains in the Asian session on Tuesday, driven by positive market sentiment that has weighed on the US Dollar. Investors are closely watching the People’s Bank of China (PBoC) rate decision, as well as upcoming Fedspeak scheduled for Tuesday. The PBoC decided to maintain the one-year and five-year
The USD/JPY pair faced challenges in capitalizing on its slight upward movement during the Asian session, failing to maintain momentum towards the 148.00 mark. Currently hovering just below the mid-147.00s, the pair is at risk of continuing its retracement from the recent two-week high. One of the key factors hindering significant gains for the USD/JPY
The NZD/JPY pair has experienced a slight increase, reaching 89.30 and approaching the 20-day Simple Moving Average (SMA). This movement suggests that there may be some bullish momentum in the market. Looking at the Relative Strength Index (RSI), it is hovering around the 50 mark. This indicates that the market is neither oversold nor overbought
After the release of the University of Michigan’s Consumer Sentiment Index figures and softer-than-expected housing market data, the US Dollar Index (DXY) experienced a decline, indicating a reaction to the economic data. The Consumer Sentiment Index recorded an improved figure for early August, which exceeded market expectations. However, the Current Conditions Index illustrated a decline,
The AUD/USD pair saw a rise of 0.40% during the recent session, reaching levels around 0.6950. This increase can be attributed to the hawkish stance maintained by Reserve Bank of Australia’s (RBA) Governor Michele Bullock. Her comments emphasized vigilance toward potential inflation risks, stating that it is premature to consider any rate cuts at the
Silver prices have been fluctuating in the market, affecting investors and traders who closely monitor its movements. Understanding the factors that influence silver prices is crucial for making informed financial decisions. In this analysis, we will delve into the various aspects affecting the price of silver and how it compares to other precious metals, particularly
The AUD/JPY cross has gained momentum near 97.55 in Thursday’s Asian session, showing an increase of 0.36% on the day. The improvement in Chinese July Retail Sales has provided a boost to the Australian Dollar (AUD), while uncertainty surrounding the Bank of Japan (BoJ) rate hike could potentially weigh on the Japanese Yen (JPY). Chinese
The Greenback, represented by the USD Index (DXY), faced continued selling pressure in the market as US inflation data pointed towards a downward trend in July’s CPI numbers. This led to the USD Index dropping to multi-day lows near 102.30, highlighting the persisting disinflationary pressures in the US economy. Looking ahead to August 15, a
The USD/CHF pair has been trading positively for the second consecutive day, hovering near the 0.8670 mark in Tuesday’s Asian session. Traders are closely monitoring the US July PPI report, which is expected to be released later in the day. The possibility of a rate cut by the US Federal Reserve in September has caused