Gold Under Pressure: Third Consecutive Session of Declines
Gold fell to 4,387 USD per troy ounce on Thursday, marking its third consecutive session of losses. The market remains cautious amid persistent uncertainty surrounding negotiations between the US and…
US, Mexico launch formal trade talks, haggle over automotive content rules
US, Mexico launch formal trade talks, haggle over automotive content rules Source link
NZD/USD: RBNZ Decision Strengthens Expectations of Further Rate Hikes
Fundamental backdrop On 27 May, the Reserve Bank of New Zealand kept the Official Cash Rate (OCR) unchanged at 2.25%, in line with market expectations. However, the decision proved finely…
EUR/USD and GBP/USD Range-Bound Ahead of Key US Data
European currencies continue to trade within established ranges following the heightened volatility of recent weeks. Last week, both EUR/USD and GBP/USD declined before staging a recovery; however, the pairs are…
US Dollar Index (DXY) Forecast: Holds above 99.00 ahead of US PCE
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts some follow-through buying for the third straight day and climbs to a fresh high since…
Japanese Yen: Approaching intervention zone against USD – Societe Generale
Societe Generale analysts note USD/JPY grinding towards 160 as widening 2-year UST/JGB spreads dominate over Oil moves for the Japanese Yen (JPY). The pair trades within 1% of the late-April…
Gold Tumbles as Bearish Pressure Mounts
Overview: Gold is testing its 200-day SMA after two months of consolidation, having failed to revive bullish momentum above 5,000. As the precious metal completes its third negative month, down…
ECB Minutes in Focus as Tension in the Middle East Continues
In focus today In the euro area, the ECB publishes the minutes from its March meeting today. Given recent comments from Governing Council members, the minutes are likely to reflect…
Asian stock markets claw back some early losses, Middle East crisis remains major concern
Stock markets in Asia have recovered a majority of their early losses, but are still significantly down as the exchange of attacks between the United States (US) and Iran has…
Iran’s IRGC say they targeted US airbase after strike near Bandar Abbas
Iran’s IRGC say they targeted US airbase after strike near Bandar Abbas Source link
