NZD/USD remains on the defensive near 0.5600 ahead of Chinese CPI inflation data
The NZD/USD continues to trade defensively near the 0.5600 level, as traders await China’s CPI inflation data, which could influence broader market sentiment. The currency pair has shown limited movement, reflecting cautious market conditions and subdued risk appetite. Investors are closely watching for signs of economic resilience or weakness in China, given its significant trade […]
EUR/USD Price Forecast: Slides as Fed signals slower easing pace
The EUR/USD exchange rate slid as the Federal Reserve reaffirmed a cautious approach to monetary easing, signaling a slower pace than markets anticipated. This hawkish tone from the Fed dampened investor sentiment and boosted demand for the dollar, pushing the euro lower in trading. Market participants were quick to react as Fed officials highlighted persistent […]
AUD/USD falls after inflation figures and robust US labor data, Trump’s threats
The AUD/USD slipped in the wake of stronger-than-expected U.S. labor market data and subdued Australian inflation figures, which raised concerns over the divergence in monetary policy between the two economies. The Australian dollar weakened as inflation data fell short of expectations, suggesting less urgency for the Reserve Bank of Australia to tighten monetary policy further. […]
Ethereum Price Forecast: ETH could decline to $3,110 despite increased accumulation from whales
Ethereum’s price is showing signs of potential decline despite increased accumulation by whale investors. Analysts suggest ETH could drop to $3,110 as bearish trends in the broader cryptocurrency market continue to weigh on sentiment. Despite a surge in large-scale purchases, Ethereum has struggled to regain momentum, with traders cautious amid ongoing market volatility. Whale activity […]
Shiba Inu Price Forecast: SHIB wallets hit all-time high of 1.38M despite ETH, BTC, XRP downturn
Shiba Inu (SHIB) is defying market trends as the number of wallets holding the token surged to an all-time high of 1.38 million, even as major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP continue their downward trajectories. This milestone highlights sustained interest in SHIB despite bearish conditions across the broader crypto market. The rise […]
Gold Price Forecast: XAU/USD pressures fresh multi-week highs
Gold prices rose on Thursday, flirting with fresh multi-week highs as market sentiment turned cautious ahead of key economic data releases. XAU/USD gained traction as investors sought safe-haven assets, spurred by concerns over slowing global growth and ongoing geopolitical tensions. The precious metal’s resilience has been supported by a weaker U.S. dollar, which slid after […]
GBP/USD explores further downside as NFP looms ahead.
The GBP/USD pair edged lower on Thursday, pressured by caution in the markets ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report. Investors are dialing back risk exposure as they await fresh clues on the Federal Reserve’s next moves, with the pair trading near its lowest level in a week. Weakness in the pound […]
USD/CAD remains steady around 1.4350 ahead of FOMC meeting minutes
The USD/CAD pair traded within a narrow range around 1.4350 on Wednesday as investors stayed cautious ahead of the Federal Open Market Committee (FOMC) meeting minutes. The pair’s stability reflects a broader wait-and-see sentiment in the market, with traders looking for clarity on the Federal Reserve’s monetary policy direction. The U.S. dollar maintained its strength, […]
USD/CNH rises to near 7.3500 due to a hawkish shift in Fed’s policy outlook
The USD/CNH pair edged closer to the 7.3500 level on Wednesday, driven by renewed strength in the U.S. dollar amid heightened expectations of a hawkish Federal Reserve. Markets have recalibrated their outlook on U.S. monetary policy after recent remarks from Fed officials signaled a commitment to keeping interest rates elevated to combat inflation. China’s yuan, […]
NZD/USD hangs near daily low around 0.5625 area; looks to FOMC minutes for fresh impetus
The NZD/USD pair held near its daily low around 0.5625 on Wednesday, as cautious market sentiment kept the New Zealand dollar under pressure. The pair’s lackluster performance reflects broader investor hesitation ahead of the Federal Open Market Committee (FOMC) minutes, which could shape expectations for U.S. monetary policy. Weakness in the kiwi comes amid a […]