Gold price rises on revived rate cut expectations; US inflation data in focus
Gold price rose on Wednesday, lifted by the latest comments from Fed Chair Powell, which warmed up expectations rate cut, after the central bank postponed the start of policy easing several times.
Powell’s testimony on Tuesday provided…
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Turkish lira likely to fall further following no significant impact from ultra-high interest rates
USDTRY- fresh advance after a shallow correction reclaims 33 mark and comes close to new record high at 33.13, posted on June 25.
Lira remains under strong pressure, mainly due to high inflation (over 70%) and big trade deficit, with sharp…
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Kiwi dollar down 1% on dovish RBNZ
NZDUSD was sharply lower during Wednesday morning (down almost 1% for the session) deflated by the Reserve Bank of New Zealand’s dovish stance.
The central bank left interest rates unchanged at 5.5%, as widely expected, but signaled that…
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WTI OIL – correction should find firm supports at $80 zone
WTI oil price is easing for the third day, correcting lower from new multi-week high ($84.50, the highest since mid-Apr).
Bulls lost traction after milder than expected impact of the hurricane on oil installations in the Gulf…
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GBPUSD – bulls pause ahead of Powell
Cable is holding within a narrow range under new multi-week high during European trading on Tuesday, as markets await today’s key event - the testimony of Fed Chair Powell.
Long upper shadow of Monday’s daily candle and overbought…
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BTCUSD – larger bears are taking a breather, consolidation capped by 200DMA
Larger bears are pausing for consolidation for the fourth straight day, holding above the lowest levels since late February.
Technical picture on daily chart remains firmly bearish, with consolidation being capped by 200 DMA, converging…
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EURUSD – bullish bias above daily cloud
EURUSD opened with gap-lower on Monday but dip was short-lived and larger bulls regained control and pushed the price towards last Friday’s new multi-week high (1.0842).
Today’s dip was contained by psychological 1.0800 support (also…
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US economy added slightly more than expected jobs in June, unemployment rate rose above consensus
Closely watched employment report from the US Labor Department's Bureau of Labor Statistics showed that US Nonfarm payrolls increased by 206,000 jobs in June, above expected 190,000 rise and against May’s downwardly revised figure to…
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Expectations for the US Non Farm Payrolls – key economic event today
The upcoming release of June labor market data by the US Bureau of Labor Statistics will be closely scrutinized for indications of the Federal Reserve's future policy moves, especially concerning the timing of its first interest-rate cut…
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Gold price remains at the front foot ahead of US NFP report
Gold price rose further on Friday morning and pressuring important technical barriers ahead of release of key US NFP report.
The metal rose around 1.7% for the week so far, benefiting from weaker dollar on soft US macroeconomic data,…
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