Pound Sterling jumps higher against US Dollar ahead of US data-packed day The Pound Sterling (GBP) moves higher against the US Dollar (USD), extends its upside above the three-day resistance of 1.2600 in Wednesday’s London session. The GBP/USD pair rises as the US Dollar declines. The US Dollar Index (DXY), which gauges the Greenback’s value against…
AUD/JPY gains ground due to increased uncertainty surrounding the BoJ policy outlook. The AUD appreciated as the RBA Meeting Minutes emphasized the importance of maintaining a restrictive monetary policy. The risk-sensitive AUD could have faced challenges due to the escalating Russia-Ukraine conflict. AUD/JPY extends its winning streak for the third successive session, trading around 101.20…
AUD/USD trades with mild gains near 0.6460 in Monday’s early Asian session. Fed Chair Powell downplayed the need for aggressive rate cuts, citing economic strength. The hawkish RBA might cap the downside for the pair. The AUD/USD pair trades on a stronger note around 0.6460 during the early Asian session on Monday. However, the upside…
The Greenback overturns intraday losses and is set to flip in the green. Fed Chairman Jerome Powell surprised markets by casting doubts over December’s interest-rate cut. The US Dollar index surges back to the fresh one-year high from Thursday. The US Dollar (USD) sees earlier declines soften a bit on Friday with US Retail Sales…
The Australian Dollar receives support from the hawkish comments from the RBA Governor Michele Bullock. Australia’s seasonally adjusted Unemployment Rate held steady at 4.1% in October for the third consecutive month. Traders are now shifting their focus to the US October Producer Price Index (PPI) data, set to be released on Thursday. The Australian Dollar…
The Australian Dollar loses ground amid concerns over potential tariffs on Chinese goods from US President-Elect Donald Trump. Australia’s Westpac Consumer Confidence index increased by 5.3% in November, reaching 94.6 points. Traders await the US Consumer Price Index data release on Wednesday for insights into future US policy. The Australian Dollar (AUD) extends its losses…
NZD/USD gains traction to near 0.5965 in Monday’s Asian session. RBNZ two-year inflation expectations increase to 2.12% QoQ in Q4. Trump trades might lift the USD and cap the upside for NZD/USD. The NZD/USD pair rebounds to around 0.5965 on Monday during the Asian trading hours. The pair edges higher after an uptick in the…
WTI price gained ground due to rising geopolitical tensions amid reports that Iran may attack Israel. Israeli intelligence believes Iran intends to launch numerous drones and ballistic missiles before the US presidential election. US Oil production increased by 1.5% in August, reaching a monthly record high of 13.4 million barrels per day. West Texas Intermediate…
Key points McDonald’s stock was down slightly on Tuesday after releasing Q3 earnings. The fast food chain beat analysts estimates. It announced that last week’s E. Coli outbreak has been contained and was due to onions, not beef. The fast food chain beat third quarter earnings and revenue estimates. McDonald’s (NYSE:MCD) has been dealing with…
WTI gains ground due to heightening fears of supply disruptions amid rising uncertainties in the Middle East. Israel launched strikes on southern Beirut while US Secretary of State Antony Blinken was touring the region, urging for a ceasefire. Oil prices faced challenges as EIA Crude Oil Stocks Change showed an increase of 5.474 million barrels….