The USD/CHF pair has witnessed a pullback near 0.9340 after a decisive selling pressure from 0.9460 amid renewed fears of ceasefire delay between Russia and Ukraine. The Kremlin reportedly said that news pointing to progress in Ukraine-Russia peace talks was “wrong,” as per Reuters.Earlier, Ukraine officials reported that the negotiators …
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EUR/USD has been waning from earlier session highs in recent trade and is now back below the 1.1100 level. Since Wednesday’s Fed hawkish policy announcement, EUR/USD has gained about 1.0%, flummoxing some analysts.Markets seem to currently be being driven by “hopes” for a Russo-Ukraine peace deal, meaning geopolitics remains a …
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The DXY Index has accelerated its reversal from the 99.30 area to test two-week lows at 97.80. The USD drops across the board after Fed’s monetary policy decision. Upbeat employment and construction data have failed to cheer USD buyers.The US dollar is losing ground across the board on Thursday. The …
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Coincident measures of real growth continue to slowly march lower on a trending basis. Leading indicators of real growth show no signs of an imminent inflection higher in growth. Jerome Powell was extremely hawkish after raising interest rates 0.25%.The yield curve flattened massively in response to slowing growth and an …
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The GBP/USD pair has recovered from post-BoE lows in the 1.3100s and is back in the green above 1.3150. The pair hasn’t yet been able to get back to pre-BoE levels at 1.3200 as traders mull the dovish meeting.BoE dovishness coupled with headwinds to the global economy as a result …
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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 …
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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 …
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Gold prices rose on Thursday as the dollar fell after the Federal Reserve raised interest rates, which makes the precious metal less expensive for holders of other currencies, but the rise in Treasury yields limited the gains. And spot gold contracts rose 0.4 percent to $ 1936.26 an ounce, after …
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Gold prices stabilized on Wednesday as the dollar weakened after the US Federal Reserve raised interest rates by a quarter of a percentage point in a widely expected move. And the price of gold in spot transactions rose 0.1 percent to $ 1920.45 an ounce (an ounce) at 1920 GMT, …
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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 …
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