Tag Archives: Fed

AUD/USD eases from two-month peak on modest USD strength, downside seems cushioned

AUD/USD witnesses a modest pullback from the vicinity of a two-month high set on Thursday. The USD short-covering move is seen as a key factor exerting downward pressure on the pair. The risk-on impulse offers some support to the risk-sensitive aussie and limits the downside. The AUD/USD pair faces rejection near a technically significant 200-day… Read More »

USD/CAD steadily climbs to daily high, up a little around 1.2775 amid modest USD strength

USD/CAD attracts some dip-buying on Friday amid a modest pickup in the USD demand. The prospects for additional Fed rate hikes, elevated US bond yields benefit the greenback. The recent rally in oil prices could underpin the loonie and keep a lid on any further gains. The USD/CAD pair rebounds a few pips from the… Read More »

Gold Price Forecast: XAU/USD remains on the defensive amid modest USD strength, risk-on

Gold edges down for the third straight day amid a modest pickup in the USD demand. The risk-on impulse further exerts some downward pressure on the safe-haven metal. The uncertainty over the size of further rate hikes caps the USD and extends support. Gold slips into negative territory for the third straight day on Friday… Read More »

WTI corrects to near 93.00, upside remains favored on higher demand forecasts

Oil prices are likely to rebound firmly as IEA has stepped up demand forecasts. Substitution of natural gas to oil ahead of Winters is strengthening the black gold. Trimmed odds for Fed’s hawkish guidance are also supporting oil prices. West Texas Intermediate (WTI), futures on NYMEX, has witnessed a minor pullback to near $93.00 after printing… Read More »

Gold Price Forecast: XAU/USD stays defensive above $1,780 support, US Michigan CSI eyed

Gold price remains sidelined while keeping the previous day’s bounce off 50-DMA. US dollar struggles to regain traction even as Fed policymakers resist welcoming easy CPI/PPI. Yields retreat from three-week high to print the first daily loss in four. US Michigan Consumer Sentiment Index eyed to confirm receding fears of inflation. Gold price (XAU/USD) remains… Read More »