Forex
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Gold Price Forecast: XAU/USD remains steady above $2,350 amid market caution
Gold price hovers close to record highs amid market caution ahead of Israel’s response to Iran’s assault. Israel’s third meeting…
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UK CPI Preview: Inflation set to fall to 3.1% in March, the lowest since late 2021
The March UK CPI report will be released by the Office for National Statistics on Wednesday. United Kingdom’s headline and…
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Australian Dollar bounces back from five-month lows amid a steady US Dollar
Australian Dollar recovers recent losses on improved market sentiment on Wednesday. Australian labor data for March are scheduled to be…
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EUR/USD extends its downside below 1.0630, focus on ECB’s Lagarde speech
EUR/USD remains on the defensive around 1.0615 in Wednesday’s early Asian session. Fed’s Powell said it’s appropriate to allow restrictive…
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US will impose new sanctions targeting Iran’s missile and drone program
National Security Advisor Jake Sullivan said in a statement late Tuesday that new sanctions targeting Iran and sanctions against entities…
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Canadian Dollar drifts lower weighed by CPI data and Fed Powell’s hawkish comments
Canadian Dollar sufers on US Dollar strength as Fed’s Powell strikes a hawkish note. Powell warns that later inflation data…
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Forex Today: Risk aversion continues to dominate the FX space
Further gains saw the Greenback clinch new highs against the backdrop of higher yields and firmer speculation of a Fed’s…
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Mexican Peso surrenders as Fed Chair Powell adopts tougher tone amid global tensions
Mexican Peso depreciates more than 1.8%, driven by Middle East tensions and robust US economic data. The IMF cuts Mexico’s…
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US Dollar strengthens as Powell signals a delay in cuts
DXY Index witnesses minor incline, hitting an early November peak at 106.30. US housing data reveals weakness with Building Permits…
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Dow Jones ticks up with geopolitical concerns weighing on risk appetite
Dow Jones index advanced moderately with geopolitical tensions limiting gains. Good quarterly earnings from United Health and Morgan Stanley provide…
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