EUR/USD Technical and Fundamental Outlook Amid Key Economic Releases
Facebook LinkedIn The EUR/USD pair is currently trading around 1.0830, a critical juncture where the lower limit of the ascending regression channel aligns with the Fibonacci 61.8% retracement of the latest downtrend. This level is further reinforced by the 20-period and 50-period Simple Moving Averages (SMA) on the 4-hour chart. If the pair can break […]
Gold Price Edges Higher as US Dollar Softens Amid Geopolitical Tensions
Facebook LinkedIn Gold prices (XAU/USD) rose on Tuesday, bouncing off two-week lows of $2,325, driven by a weaker US Dollar and safe-haven demand amid ongoing geopolitical tensions in the Middle East. Despite higher short-term Treasury yields fueled by hawkish Federal Reserve minutes and stronger US economic data, the Gold price remained buoyant as traders awaited […]
Fed Officials Refrain from Commenting on Interest Rate Outlook Amid Market Uncertainty
Facebook LinkedIn Federal Reserve policymakers are set to make scheduled appearances on Tuesday as markets fully return, with significant anticipation surrounding the upcoming release of the US Personal Consumption Expenditures (PCE) inflation data later this week. The US Dollar has experienced moderate selling pressure so far this week, continuing Friday’s downward trend, spurred by an […]
Indian Rupee (INR) Trims Gains Amid Cautious Market Mood
Facebook LinkedIn The Indian Rupee (INR) experienced a slight decline on Monday despite a softer US Dollar (USD), after closing at a two-month high of 83.10 on Friday. This marked its largest weekly gain in over five months, driven by substantial inflows into Indian equities. The continuation of these inflows could potentially support the INR […]
U.S. Futures Rise on Nvidia’s Strong Earnings and OpenAI’s New Deal
Facebook LinkedIn U.S. stock futures advanced on Thursday as investors responded to Nvidia’s exceptional quarterly earnings and a new content-sharing agreement between OpenAI and News Corp. This follows a mixed session on Wednesday influenced by the Federal Reserve’s cautious outlook on inflation. 1. Futures Boosted by Nvidia’s Stellar Performance As of 03:43 ET (07:43 GMT), […]
Gold Prices Inch Up Amidst Focus on U.S. Inflation Data
Facebook LinkedIn Gold prices saw a modest increase in Asian trading on Tuesday, staging a slight recovery from previous steep losses, as investors eagerly awaited upcoming U.S. inflation data for further insights into interest rate trends. Gold Shows Marginal Recovery: After experiencing notable losses in the prior session, gold prices exhibited a slight uptick in […]