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During Friday’s early European trading hours, the price of gold (XAU/USD) remains unchanged. The precious metal is somewhat supported by the mounting apprehension over US President Donald Trump’s proposed tariffs. The upswing of the yellow metal is also aided by a drop in US bond yields across the curve. However, the non-yielding yellow metal may […]
The US Dollar (USD) is holding steady early Tuesday after making slight gains against its major rivals on Monday, as markets turn cautious. The economic calendar will not include any high-impact data releases, but Federal Reserve (Fed) Chairman Jerome Powell’s speech before Congress may increase market volatility. Later in the American session, numerous more Federal […]
BBH’s FX analysts remark that the AUD/USD is consolidating near the top of its year-to-date range of 0.6100-0.6330. RBA should begin easing at the next February 18 meeting. “In February, Australia’s Westpac-Melbourne Institute Consumer Sentiment Index remained basically constant at 92.2. While the headline print remained below the long-term average of 100.5, the forward-looking sub-indices […]
The Indian Rupee (INR) recovered on Tuesday, posting its largest gain since November 2022, after plummeting to a new record low in the previous session. The Reserve Bank of India (RBI)’s robust intervention, US Dollar (USD) selling by exporters, and profit-booking by speculators all help to support the INR. The regular interventions have dragged on […]
For the third day in a row, the AUD/JPY is still weak, trading at 95.20 on Friday during Asian trading hours. The Japanese yen (JPY) weakens after the International Monetary Fund (IMF) made cautious comments on Friday, which stops the decline in the AUD/JPY cross. As global market volatility increases, Japan should be on the […]
After hitting a new all-time low in the previous session, the Indian Rupee (INR) rises again. For the first time in almost five years, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) agreed to lower the policy repo rate by 25 basis points (bps), to 6.25%. The local currency is still […]
On Friday, the US dollar (USD) and the Australian dollar (AUD) consolidate. However, as US President Donald Trump and Chinese President Xi Jinping prepare to negotiate possible tariff rollbacks, the AUD/USD pair saw upward support as US-China trade tensions eased. China, Australia’s key trading partner, retaliated against the new 10% US tariff that took effect […]
One of the most traded commodities on the Forex market is crude oil. This commodity’s price performance serves as a benchmark for economic activity and represents the market’s general liquidity and volatility. Brent Crude and West Texas Intermediate (WTI) are the two most well-known brands of crude oil. Experienced TU analysts’ forecasts of the oil […]
The gold price forecast will be valuable for people who intend to work with this safe haven asset in the near or long term. As a result of the global stagflation shock and instability, there has been an increase in interest in gold, which has a negative correlation with traditional markets. Traders Union analysts employ […]
Dollar Index Surge Pressures Regional Currencies as INR Hits Record Low Monday saw a strong decline in Asian currencies as the U.S. dollar strengthened following the weekend imposition of tariffs by U.S. President Donald Trump on a number of nations. The dollar index, which compares the value of the US dollar to a number of […]
