The EUR/JPY pair is pushing higher for a fifth successive session and is eyeing a test of 132.00. The pair’s more than 3.0% rally in the last five days comes as Eurozone bond yields push to multi-year highs. As long as geopolitical developments don’t deter the ECB from tightening in …

US equities have traded in mixed fashion thus far on Thursday, having been buffeted by mixed Russo-Ukraine negotiations headlines. The S&P 500 is a tad higher on the day in the 4360s and eyeing a test of 4400.With the Fed meeting and US data out of the way, investor focus …

Gold Price snapped a three-day downtrend to bounce off a 13-day low. Mixed news from the Russia-Ukraine front weighed on the market’s mood. The Gold Index XAU/USD is technically bullish, faces strong resistance around $1,960.The Gold Index advances slowly but steadily as investors continue to dump the greenback. The bright …

Oil prices strongly rebounded on Thursday, with front-month WTI futures surging nearly USD 8.0 to the USD 102s. While prices are still USD 27 below last week’s highs, Thursday’s rally may signal an end to the recent bear run.Oil prices have seen a strong rebound on Thursday, with front-month WTI …

On Thursday, March 17 at 12:00 GMT, the Bank of England will announce its decision and as markets get closer to the release time, the British central bank is widely expected to raise the benchmark interest rate by 25 bps from 0.50% to 0.75%, marking a lift-off for a third …

Australian employment sped past expectations in February as activity recovered surprisingly quickly from an Omicron outbreak, driving unemployment down to lowest since 2008. The latest data do add to pressure for an early interest rate hike. Latest floods in New South Wales and Queensland have come after the February reference …

The American dollar ended the day lower after the US Federal Reserve monetary policy decision. The US central bank hiked rates by 25 bps, as expected, with Bullard being the only dissenter voting for a 50 bps hike. Economic Data Canadian inflation hit 5.7% YoY in February, according to Statistics …

New Zealand’s economy grew less than economists expected in the final three months of 2021 as it bounced back from a contraction caused by a lockdown in largest city Auckland. Gross domestic product rose 3% from the third quarter, when it fell a revised 3.6%, Statistics New Zealand said Thursday …

The XAU/USD Index has climbed near $1,930.00 after the announcement of the Fed’s monetary policy. An aggressive hawkish stance from the Fed has failed to deter gold bulls. The DXY has slipped near 98.40 in absence of an aggressive interest rate hike by the Fed. Gold prices have rebounded sharply …

USD/CAD reached a new daily high after the US central bank raised the benchmark interest rate by 25 basis points, as widely estimated, the first hike since December of 2018. As Fed’s Chair Powell speaks, the USD/]CAD is trading at 1.2716. The Canadian dollar weakened severely, reacting upwards and printing …