Gold price stays sidelined The spot gold price has been range trading in low volatility these past few days and trades close to minor support seen at the 1 May low at $3,202.00 per troy ounce. While the $3,208.00-to-$3,202.00 support zone underpins on a daily chart closing basis, a rise towards the $3,300.00 area may unfold. […]
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Aussie softened modestly following the RBA’s widely expected 25bps rate cut to 3.85%. But selling was contained as broader market sentiment remained supportive. While the move itself was no surprise, the updated economic forecasts leaned dovish, notably with headline CPI now seen at just 3.0% by year-end, down from the previous 3.7% projection. This downward
European markets extend winning streak European equity markets commenced the new week with a third consecutive session of gains, bolstered by strong corporate earnings and a landmark agreement between the United Kingdom (UK) and the European Union (EU). This agreement aims to reset relations between the UK and the EU five years after Brexit. By
It takes a market-wide crisis to know how stable the underlying pipework is that supports it. In the $7.5 trillion foreign exchange market, the measure of its stability is liquidity. This was put to the test last month, as intraday volatility triggered by president Donald Trump’s tariff announcements on April 2 resulted in an explosion
The Australian Dollar falls as the Reserve Bank of Australia implements 25 basis point rate cut. The People’s Bank of China cut its one-year Loan Prime Rate to 3.00% from 3.10% on Tuesday. The US Dollar weakened following Moody’s downgrade of the US credit rating from Aaa to Aa1. The Australian Dollar (AUD) dips against
0800 GMT / 0400 US Eastern time: Bank of England Chief Economist Huw Pill gives a speech at Barclays briefing ‘The monetary policy outlook’ The Bank of England have been cutting its Bank Rate. The next meeting is due 19 June 2025. Perhaps we’ll get some guidance on the next likely move from Pill later.
USD/CAD weakens to around 1.3950 in Tuesday’s early Asian session. Moody’s downgrades the US credit rating to ‘AA1’, weighing on the US Dollar. A dovish turn from the BoC has fueled speculation of a June rate cut. The USD/CAD pair softens to near 1.3950 during the early Asian session on Tuesday. The Greenback edges lower
Fed’s Bostic: Thinks current US rates are mildly restrictive. Is sticking with his one rate cut view or 2025, but does depend on how the tariff situation plays out Hope that as the summer progresses, will get more clarity This article was written by Greg Michalowski at www.forexlive.com. Source link
On pace for its best six-monthly performance in over four years, 2025 has proven an interesting year for GBP/USD. In today’s session, GBP/USD trades higher on renewed trade policy optimism and a weaker dollar. Key Takeaways Following the announcement of a major UK-EU trade deal this morning, GBP/USD trades +0.49% higher in today’s session, at
The Mexican Peso gains ground against the US Dollar as Moody’s downgrade of US sovereign debt weighs on the Greenback. The Federal Reserve is set to review the discount rate on Monday, potentially influencing short-term funding conditions. USD/MXN trades cautiously below the key psychological resistance at 19.50, reflecting broader Dollar weakness. The Mexican Peso (MXN)
The euro is sharply higher on Monday. In the North American session, EUR/USD is trading at 1.1250, up 0.79% on the day. Euro CPI and core CPI unchanged in final reading Eurozone headline inflation was confirmed at 2.2% y/y and 0.6% m/m in April, unchanged from the preliminary estimates. The core rate was also confirmed
(Video Transcript) This week’s trading opportunity Axel Rudolph: Hello, and welcome to “Trade of the week” on Monday 19th May, 2025. And, let’s look at today’s trade, which is to go long GBP/USD because the US debt was downgraded by Moody’s on Friday and also because of the recent trade deal, or the announcement of a possible trade
2025.05.19 2025.05.19 How to Trade Dogecoin: The Beginner’s Journey to Buying DOGE Michael Hypovhttps://www.litefinance.org/blog/authors/mikhail-hypov/ Dogecoin (DOGE) has evolved from a digital currency initially regarded as a meme currency with a cute dog symbol created by Billy Markus and Jackson Palmer into a prominent asset. Moreover, the DOGE acronym also refers to the Department of Government
The USD/JPY forecast shows further dollar weakness. US consumer sentiment came in at 50.8 compared to expectations of 53.1. Trump’s tariff threats caused some uncertainty in the market. The USD/JPY forecast shows further dollar weakness after a downgrade to the US government’s credit rating. At the same time, market participants were worried about progress on
