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 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 […]
USD/INR rises as strong US dollar weighs on Indian rupee
The Indian Rupee (INR) is facing downward pressure in early Monday trading, weighed down by a combination of factors including a stronger US Dollar (USD), weak Chinese Yuan, and concerns over India’s slowing economic growth. Additionally, robust demand from importers and oil companies has further supported USD gains against the INR. However, market participants believe […]
USD/CHF price forecast: Remains constructive above 0.8850, eyes on Powell speech
The USD/CHF pair traded steady near 0.8860 during early European hours on Wednesday as traders positioned cautiously ahead of major US events. Market attention is focused on Federal Reserve Chair Jerome Powell’s speech later today, while Friday’s Nonfarm Payrolls (NFP) and unemployment data are expected to provide additional direction. The pair retains a bullish outlook, […]