XAU/USD: Gold Bears Dominate While the Price Holds Below Falling Thick Daily Cloud
Gold price fell at the start of the week, losing around 1.8% by mid-European trading on Monday, reflecting growing concerns about rising inflation that prompted major central banks to take…
EUR/USD: Dollar seen weakening versus Euro – BNP Paribas
BNP Paribas economists expect the United States (US) economy to grow above potential in 2026, with Gross Domestic Product (GDP) at 2.4% and inflation at 3.3%, while the Fed Funds…
AUD: RBA seen leaning to another hike – Commerzbank
Commerzbank’s Volkmar Baur highlights strong market conviction that the RBA will deliver a third consecutive rate hike, with futures implying a 75% probability. Inflation and expectations remain well above target…
Bank of America stands firm on 12-month $6,000 gold target
Bank of America stands firm on 12-month $6,000 gold target, sees silver averaging $86 in 2026Elevated oil prices continue to drive inflation fears higher, forcing markets to price out rate…
Gold Supported by Cautious Optimism
Gold is holding at around 4,611 USD per ounce on Monday as markets assess Donald Trump’s proposal to escort commercial vessels through the Strait of Hormuz, alongside tentative signs of…
NZD/USD inches higher to near 0.5900 as US-Iran tensions lift US Dollar
NZD/USD holds ground after experiencing volatility, trading around 0.5900 during the European hours on Monday. The pair gains ground as the US Dollar (USD) has recovered its daily losses and…
Indian gold imports fall to 30-year low of 15 tonnes in April as banks halt purchasesIndia’s gold imports are set to fall to a near 30-year low of around 15 tonnes in April after local banks
Indian gold imports fall to 30-year low of 15 tonnes in April as banks halt purchasesIndia’s gold imports are set to fall to a near 30-year low of around 15…
Gold Builds Momentum While WTI Crude Oil Faces Renewed Selling Pressure
Gold price is consolidating above the $2,565 support zone. Crude oil is showing bearish signs and might decline below $96.50. Important Takeaways for Gold and WTI Crude Oil Prices Analysis…
USD/JPY: Intervention supports gradual downside view – MUFG
MUFG’s Michael Wan highlights that Japanese authorities likely intervened in FX markets as USD/JPY dropped from near 160 to below 157, with estimated operations of JPY5-6 trillion. He notes these…
Saudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit
Saudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit Source link
