Bulls are taking a breather under record highs zone ahead of fresh push higher
Gold price pulled back from the zone of record highs, which was tested for the third time in post-Fed acceleration, sparked by fresh safe haven demand following the central bank’s dovish steer in rate outlook and growing economic risks.…
Read More...
Read More...
Bulls remain fully in play but need break of key 1.1095 barrier to resume; ECB rate decision may…
The Euro is holding firm tone and trading near 2023 high (1.1095) in European trading on Thursday, ahead of ECB policy decision.
Post-Fed rally on Wednesday on 25 bps hike but dovish US central bank’s stance, pushed the price into the…
Read More...
Read More...
Fed raises rates by 25 basis points but signals possible pause in tightening cycle
The US Federal Reserve delivered another 25 basis points rate hike in its May policy meeting, in line with expectations, but signaled that the fastest tightening cycle, in which the Fed raised its interest rates by 5% since March 2022,…
Read More...
Read More...
Gold establishes above $2000; Fed verdict eyed for direction signal
Gold is trading within a narrow consolidation near new highest level in almost three weeks, following nearly 1.8% rally on Tuesday, as traders stay aside, awaiting announcement from FOMC, on conclusion of two-day policy meeting.
The…
Read More...
Read More...
Cable stands at the front foot and looking for clearer direction signals from Fed
Cable regained traction and bounced above 1.2500 mark on Wednesday, lifted by weaker dollar ahead of Fed decision.
Fresh advance generates initial signal that two-day pullback from new 2023 high (1.2583) might be over, as today’s…
Read More...
Read More...
Dollar holds in red ahead of Fed policy decision
The dollar index remains in defensive for the second straight day as markets await Fed’s decision at the end of two day policy meeting.
The central bank is widely expected to deliver another 25 basis points rate hike, but markets focus…
Read More...
Read More...
Oil price extends weakness after 5.5% drop on Tuesday, driven by demand worries and expected…
Crude prices remain in red in early Wednesday and hit new lowest since Mar 27, keeping negative sentiment on growing concerns over darkening macroeconomic outlook and its impact on oil demand.
Markets also focus on two key events – Fed…
Read More...
Read More...
Violation of key support makes the downside more vulnerable, but Fed and ECB likely to define…
Near-term structure weakens as pullback from new 2023 high (1.1095) extends into fourth consecutive day and probes below pivotal supports at 1.0968/59 (20DMA / Fibo 23.6% of 1.0516/1.1095).
Extension of Monday’s nearly 0.5% drop below…
Read More...
Read More...
Aussie dollar rallies on unexpected RBA rate hike but thick daily cloud provides strong headwinds
Australian dollar rose over 1% on Tuesday, lifted by unexpected 25 basis points rate hike by the Reserve Bank of Australia and hawkish stance which signals that more hikes could be expected, in efforts to curb persistently high inflation.…
Read More...
Read More...
Australian central bank surprises with 0.25% rate hike
The Reserve Bank of Australia raised its cash rate by 25 basis points to 3.85% despite forecasts for unchanged policy in May.
The decision was also against growing expectations that tightening cycle might be close to the end, after…
Read More...
Read More...