AUD/USD trades near 0.6520 at the time of writing, with US-China relations increasing demand for commodity-linked currencies. Australia’s Westpac Consumer Confidence disappoints, but improving sentiment limits AUD losses. The US Consumer Price Index (CPI) on Wednesday is expected to drive the Fed narrative and US Dollar demand. The Australian Dollar (AUD) is consolidating against the […]
Gold prices extend their gains, heading toward the $3,350 psychological level. The United States and China continue trade talks in London, but USD appreciation is limited. USD and Gold price action are expected to be influenced by US-China talks ahead of Wednesday’s US inflation data. Gold prices are trading firm against the US Dollar (USD)
GBP/JPY loses ground to around 195.65 in Tuesday’s early European session. UK Unemployment Rate rose to 4.6% in three months to April; Claimant Count Change came in at 33.1K in May. Hawkish BoJ expectations support the Japanese Yen and act as a headwind for the cross. The GBP/JPY cross weakens to near 195.65 during the
Japanese Finance Minister Katsunobu Kato said on Tuesday that he will appropriately conduct fiscal policy. Key quotes Seeking more Japanese Government Bond holdings by domestic investors. Will make efforts toward appropriate Japanese Government Bonds management. Crucial to seek Japanese Government Bond holdings by diverse groups. Says will appropriately conduct fiscal policy. Need to broaden investors
Gold edges higher as persistent trade tensions and the safe-haven appeal of precious metals boost prices. US-China trade talks are scheduled for Monday, remaining a key catalyst for Gold and US Dollar prices. Gold prices rise above $3,300 with resistance at $3,350. Gold prices remained at an elevated level on Monday, despite the start of
Silver price gains momentum to near $36.00 in Monday’s early early Monday Investors look to broaden their exposure to safe-haven assets beyond gold, supporting the Silver price. The stronger US May employment report might lift the USD and cap the white metal’s upside. The Silver (XAG/USD) price trades in positive territory around $36.00 during the
The Japanese economy showed no growth over the quarter in the first quarter (Q1) of 2025, the final reading released by Japan’s Cabinet Office showed on Monday. This reading came in above the market expectation and the previous estimate of -0.2%. The Japan’s Gross Domestic Product (GDP) fell at an annual rate of 0.2% in Q1, compared to -0.7% in the previous
The Australian Dollar may consolidate as traders adopt caution ahead of the US NFP release. President Trump described the call as productive, and negotiations on tariffs are set to continue. US Nonfarm Payrolls could have added 130,000 jobs in May, meanwhile, the Unemployment Rate is expected to hold steady at 4.2%. The Australian Dollar (AUD)
United States (US) President Donald Trump said on Truth Social on Thursday that he had a “very good phone call” with Chinese President Xi Jinping, during which they discussed the intricacies of the trade deal. “The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both countries,” Trump
NZD/USD gains traction to around 0.6035 in Thursday’s early Asian session. US ISM Services PMI unexpectedly contracted in May, the first time in nearly a year. The RBNZ might slow the pace of rate cuts as uncertainty grows. The NZD/USD pair extends the rally to around 0.6035 during the early Asian session on Thursday. The
The Australian Dollar offered its daily gains as the Greenback edged higher. Australia’s Gross Domestic Product expanded 0.2% QoQ in Q1, against the previous 0.6% growth. The US Dollar faced challenges as tariff uncertainty may hurt growth in the US economy. The Australian Dollar (AUD) loses ground against the US Dollar (USD) on Wednesday after
NZD/USD gains ground to near 0.6000 in Wednesday’s early Asian session. US JOLTS Job Openings rose to 7.39 million in April, above the consensus. US President Trump and Chinese President Xi Jinping were likely to have a call soon. The NZD/USD pair holds positive ground around 0.6000 during the early Asian session on Wednesday. The
Bank of Japan (BoJ) former board member Makoto Sakurai said on Tuesday that the Japanese central bank will probably halt its quarterly reductions in government bond purchases starting next fiscal year, per Bloomberg. The BoJ has been trimming its bond-buying by ¥400 billion ($2.8 billion) every quarter since last summer, but recent pressure from rising
EUR/USD depreciates as the US Dollar strengthens, as US yields weaken due to Japan’s potential cuts in government debt issuance. The Greenback gains ground ahead of the May 7 FOMC Meeting Minutes release on Wednesday. Trump expressed his satisfaction as the EU is speeding up the process to reach a trade deal with the United
EUR/GBP trades flat around 0.8390 in Tuesday’s early European session. Optimism surrounding the EU-US trade deal could support the Euro in the near term. Stronger-than-expected UK CPI and Retail Sales have raised the prospect of a BoE rate cut delay. The EUR/GBP cross holds steady near 0.8390 during the early European session on Tuesday. Traders
The Indian Rupee steadies in Tuesday’s Asian session. A weaker US Dollar and stronger Chinese Yuan could support the INR, but RBI rate cut bets might cap its upside. The US Conference Board’s Consumer Confidence report is due later on Tuesday. The Indian Rupee (INR) flat lines on Tuesday after hitting a two-week high in
Gold price edges lower to $3,335 in Monday’s Asian session. Trump set a July 9 deadline for a trade deal with the European Union. Renewed inflation concerns and recession fears might help limit the Gold’s losses. The Gold price (XAU/USD) attracts some sellers to near $3,335 during the early Asian session on Monday. The de-escalation of
