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Gold holds at 2-month Lows, USD Boosted by Debt Ceiling Turmoil Relief

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...

Category - Market Analysis

3 Reasons why the NZD plumbed after RBNZ Rate Hike

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...

EUR/USD Hovers near 7-week Lows on Weak Business Growth

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...

USD Steadies near 2-month high ahead of Powell Speech

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...

AUD/USD Slips as Weak Employment Supports RBA’s Pause

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...

Gold Extends Correction Below $2000 as USD Recovers

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...

USD/CAD Steady mid 1.34, Inflation Data Eyed

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...

USD gains as traders predict a pause in Fed policy! 

The U.S. dollar is holding close to a more than one-week peak on Friday, with investors betting that the Federal Reserve will further pause its interest rate increases. The USD index, which measures the U.S. currency...

GBP Approaches $1.26 After BoE Raises Interest Rates

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...

USD Steady mid 101 ahead of CPI Data

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 Lose Momentum, Gold Steady above $2,000

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 up Post ECB, USD eases ahead of NFP 

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...

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