Key points: Gold prices hold steady at $2,347.48 per ounce. Investors await key U.S. economic data this week. Gold prices were flat in early Asian trading on Tuesday after a sharp gain in the previous session. Investors are bracing for …
Key points: ECB Rate Cut sees possible 25 basis point reduction with future signals being key. In the US, NFP release on Friday could prompt re-pricing of US interest rate cuts. The European Central Bank (ECB) is set to cut …
Key points: Hang Seng Index gains 2.32%, marking its best day since May 2. ECB expected to cut rates by 0.25%, influencing regional market sentiment. On Monday, Hong Kong’s stock market experienced an observable surge, with the benchmark Hang Seng …
Key points: The dollar index remained steady at 104.58 on Monday, reflecting a 1.56% decline in May but up 3% for the year. Emerging market currencies, particularly the Indian rupee and Mexican peso, showed strength following positive election results in …
Key points: Finance Minister of Japan Shunichi Suzuki emphasizes need for forex stability. Suspected intervention of JPY 9 trillion (approximately USD 57.11 billion) to support the Japanese currency. 10-year Japanese government bond yield reaches 1.1%, highest since 2011. This article …
Key points: Gold is on track for its fourth consecutive monthly gain, showing resilience in the face of fluctuating economic indicators. The market anticipates the April personal consumption expenditures price index, a critical measure for future Federal Reserve policies. Gold …
Key Points: New Zealand dollar rises to $0.612 as economic growth in the US is slower than expected, indicating potential for rate cuts. Investors await US PCE inflation data and the speech from RBNZ Governor Adrian Orr. The New Zealand …
Key points: U.S. economy grew at a 1.3% annualised rate from January through March, down from an estimated 1.6%. Market participants eye the upcoming PCE inflation report for further direction on U.S. interest rates. On Friday, the dollar was recovering …
Wheat prices drop to $6.84 following forecasted rain in southern Russia and Ukraine. A stronger US dollar also pressures the demand of farm goods.
Key Points: EUR/USD falls below 1.0800: The currency pair dips under a significant threshold, influenced by a strong dollar and higher yields. Technical support in focus: Near-term support levels are crucial as the pair tests critical technical markers. The EUR/USD …
