The Gold price (XAU/USD) is facing challenges as the US Dollar (USD) gains strength due to reduced expectations of a 50 basis point rate cut by the Federal Reserve (Fed). Investors are adjusting their bets following mixed US monthly jobs report which has lifted the USD Index (DXY) back closer to its monthly peak. This
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China’s economic data, particularly the Consumer Price Index (CPI) and Producer Price Index (PPI), plays a crucial role in determining the value of the Australian Dollar (AUD). Understanding the relationship between these economic indicators and the AUD is essential for investors and traders looking to make informed decisions in the financial markets. The recent data
The recent market trends have shown that while Non-Farm Payrolls (NFPs) may not appear to be weak initially, there is a lack of sustained buying pressure. The anticipated buying squeeze turned out to be short-lived, with shifting rate cut odds influencing the market sentiment. Despite the mention of a 50 basis point (bp) rate cut
The GBP/USD pair has managed to stay above the key 1.3100 level, indicating that buyers are in control of the market sentiment. The Relative Strength Index (RSI) also supports this notion, signaling that there is upward momentum in play. The pair is currently eyeing the resistance level of 1.3200, and if it manages to break
The downward trend in Silver prices, currently around $27.90, is being influenced by a stronger USD and concerns over Chinese demand. The USD demand puts pressure on the USD-denominated Silver price, making it less attractive to investors. Additionally, the slowing service activity growth in China also contributes to the decline in Silver prices, as it
The Japanese Yen experienced a slight increase as the government announced a allocation of ¥989 billion to fund energy subsidies. This move had a positive impact on the currency, showing some support amidst the economic challenges faced by Japan. On the flip side, weak Japanese manufacturing data raised concerns and sparked speculations that the Bank
When looking back three years ago, a forecast was made for CrowdStrike Holdings, Inc. (CRWD) indicating an important market cycle coming to an end in a specific price range. The anticipation was that after this cycle ended, a significant correction would follow. This correction was expected to mark the conclusion of an impulse for CRWD
US inflation, as measured by the PCE Price Index, remained steady at 2.5% YoY in July. This stability has had an impact on the strength of the US Dollar, which has been gaining due to the perception of a robust economy despite the subdued inflation rates. The labor market remains a focal point for the
The recent US Personal Consumption Expenditures (PCE) report has sent shockwaves across the market, particularly affecting the price of gold. Following the report, there has been a significant drop in gold prices, with it slipping below $2,500. This fall has further fueled expectations of a rate cut by the Federal Reserve in September. The Fed’s
The EUR/USD pair saw some upward movement, trading near 1.1080 in the early Asian session on Friday. This came after the US Gross Domestic Product (GDP) growth rate exceeded expectations in the second quarter, as reported by the Department of Commerce. The figure of 3.0% annual growth outperformed the forecast of 2.8%, signaling a strong
The NZD/USD pair is showing strength around the 0.6280 level in the early Asian session, marking a 0.57% increase for the day. This upward movement can be attributed to New Zealand’s Business confidence reaching the highest level in a decade, according to the recent ANZ Business Outlook survey. The surge in business confidence has provided
The Indian Rupee (INR) faced downward pressure in the early Asian session, influenced by the weakening of Asian currencies and increased USD demand from importers. This trend is further exacerbated by the anxiously awaited speeches by Fed officials Christopher Waller and Raphael Bostic, which have the potential to provide fresh impetus to the market. Additionally,