Category - Market Analysis

Gold prices stretched losses on Tuesday hovering near two-month lows as rising optimism over a potential U.S. debt ceiling deal and expectations of further interest rate hikes by the Federal Reserve boosted demand for...

The USD retreated slightly from its fresh peak in two months reached on Thursday, yet it is still set for the third weekly gain in a row due to increasing expectations for more rate hikes by the Federal Reserve. Traders...

The U.S. dollar rose to a fresh two-month high on Thursday due to concerns about a potential U.S. default. Fitch has warned of a rating downgrade, which has contributed to spur fear and risk-off mode among investors...

The New Zealand dollar (NZD) fell over 1% on Wednesday to its lowest levels in more than three weeks after RBNZ increased interest rates as widely anticipated. On Wednesday, the Reserve Bank of New Zealand (RBNZ) raised...

America’s dominance in the global economy is facing significant challenges due to self-inflicted policy wounds. A critical impasse surrounding the debt ceiling has brought the spotlight back to the dollar’s...

Investors are reacting to the recent PMI survey that showed slowing activity in the Euro area causing the EUR/USD to steady near its seven-week low. Meanwhile, the U.S. dollar rose slightly for the second consecutive...

The USD held its gains on Friday near its two-months peak reached in the previous session, hovering mid 103 levels. Growing optimism from the debt ceiling negotiations and a hawkish stance by the Federal Reserve are...

The AUD/USD plunged on Thursday as employment data came well below expectations for April. This suggests that the Reserve Bank will have less room to continue increasing interest rates. The U.S. dollar remained close to...

The price of gold steadied below $2,000 per ounce on Wednesday following a drop of over 1% in the previous trading session. Prices remained under pressure for the second consecutive session as the dollar regained...

The USD/CAD saw a sluggish trading on Tuesday as CAD traders look forward to April’s CPI inflation data later on the day. Meanwhile, the USD remained under pressure amid concerns about the possibility of a US...

The British pound (GBP) rose above $1.26 on Thursday, hovering near its highest levels since May 2022. This came after the Bank of England (BoE) increased its Bank Rate by 25 basis points to 4.5% as widely predicted...

The USD has been caught in narrow trading on Wednesday and gains were limited as traders cautiously await the release of U.S. CPI report for April. The upcoming inflation report will help determine the path of the...

Oil prices dropped on Tuesday, following significant gains in the two previous sessions. Meanwhile, gold remained stable above $2,000 and traded within a narrow range. The market is turning cautious ahead of the release...

Euro extended recovery following the European Central Bank’s decision to increase interest rates and signaling more future increases. Meanwhile, the USD maintained its decline as the turmoiled U.S. banking system...