Gold price holds steady above one-week low on softer USD; upside seems limited
Gold prices remained steady above a one-week low, supported by a softer U.S. dollar and moderate demand. After slipping earlier in the week, the precious metal found support around $1,900 per ounce, a key psychological level for investors. However, analysts suggest that upside momentum for gold may be limited, as the outlook for inflation and […]
AUD/JPY price forecast: Rises to near 98.00 amid potential for bullish divergence
The Australian Dollar (AUD) continues to strengthen against the Japanese Yen (JPY), approaching the 98.00 mark, driven by growing optimism in the global market and signs of bullish divergence in the pair’s technical indicators. The pair has surged in recent trading sessions, largely due to a favorable risk sentiment and a rebound in global commodity […]
Silver prices struggle near $30.55 as traders await fresh catalysts
Silver prices hovered near the $30.55 level on Monday, consolidating losses from last week’s retreat from a one-month high. The metal is grappling with bearish pressure, trading close to its 100-day Simple Moving Average (SMA), a critical technical level that could dictate its near-term trajectory. From a technical perspective, a decisive break below the 100-day […]
Japanese yen remains on the defensive against USD amid BoJ rate hike skepticism
The Japanese yen remains under pressure against the U.S. dollar, despite ongoing speculation over potential interest rate hikes from the Bank of Japan (BoJ). As investors grow skeptical of the BoJ’s ability to tighten policy in the near future, the yen has failed to capitalize on the broader global shift toward higher interest rates. The […]
USD/INR gathers strength ahead of Indian PMI, WPI inflation data
The USD/INR exchange rate is seeing notable strength in early trading on Monday, supported by market anticipation of crucial Indian economic data. Investors are positioning themselves ahead of the Indian PMI (Purchasing Managers’ Index) and WPI (Wholesale Price Index) inflation figures, which are set to release later this week. The exchange rate is hovering near […]
WTI trades around $70.50, upside potential seems possible due to rising supply threats
West Texas Intermediate (WTI) crude oil is currently trading around $70.50 per barrel, with analysts indicating that prices could face upward pressure in the near future. This potential for gains comes amid growing supply concerns that are disrupting global oil markets. While prices have remained relatively stable in recent days, experts are closely watching potential […]
Japanese yen hits three-week low amid policy divergence, focus on central bank meetings
The Japanese Yen fell to a three-week low against the US dollar, trading near the 154.00 level on Monday, as markets absorbed the contrasting policy outlooks for the Bank of Japan (BoJ) and the Federal Reserve (Fed). Despite better-than-expected Japanese economic data, including a 2.1% monthly rise in Core Machinery Orders and improved Manufacturing PMI […]
NZD/USD steadies above 0.5750 amid mixed signals from China and Fed speculation
The New Zealand dollar regained some ground against the US dollar, climbing to around 0.5775 during Monday’s Asian trading session, marking a 0.3% intraday increase. The move came as investors reacted to mixed Chinese economic data and remained cautious ahead of a pivotal Federal Reserve decision later this week. China’s November industrial production rose by […]
Australian dollar holds steady amid mixed Chinese data and Fed rate speculation
The Australian dollar stabilized near 0.6370 during Monday’s Asian session, pausing its four-day decline as traders weighed mixed Chinese economic data and subdued US dollar performance ahead of the Federal Reserve’s interest rate decision this week. A modest recovery in risk appetite helped lift the currency after hitting yearly lows last week. China’s November industrial […]
China’s November Retail Sales rise 3.0%, Industrial Production up 5.4%
China’s economic recovery showed steady progress in November, driven by a 3.0% rise in retail sales and a 5.4% increase in industrial production, according to official data. The uptick in retail activity signals improved consumer confidence, despite ongoing challenges in the property sector and global trade. Meanwhile, industrial output growth exceeded expectations, reflecting resilience in […]