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 …
AUD/USD eases from two-month peak on modest USD strength, downside seems cushioned Read More
Senior Economist at UOB Group Alvin Liew reviews the latest US inflation figures and the impact on the Fed’s rate path in the near term. Key Takeaways “Both key measures …
US: July inflation prompts the Fed to re-think a 75 bps rate hike – UOB Read More
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 …
USD/CAD steadily climbs to daily high, up a little around 1.2775 amid modest USD strength Read More
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 …
Gold Price Forecast: XAU/USD remains on the defensive amid modest USD strength, risk-on Read More
GBP/USD meets with a fresh supply on Friday and retreats further from the post-US CPI swing high. The BoE’s bleak outlook undermines the GBP and acts as a headwind amid …
GBP/USD edges lower to 1.2170 area amid a modest pickup in the USD demand Read More
USD/JPY gains traction on Friday and moves away from over a one-week low set the previous day. The Fed-BoJ policy divergence and a positive risk tone undermine the JPY and …
USD/JPY trades with modest gains amid positive risk tone, modest USD uptick Read More
NZD/USD continues scaling higher on Friday and climbs to over a two-month high The uncertainty over the next Fed rate hike keeps the USD bulls on the defensive. A positive …
NZD/USD strengthens further beyond 100-DMA, climbs to over two-month high Read More
Gold still faces a determined Fed tightening policy and a strong USD. If market sentiment shifts to a 50 bps rate hike as opposed to 75 bps, this may act …
Gold Price Forecast: XAU/USD on the defensive amid rising yields, strong USD and tighter monetary – HSBC Read More
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 …
WTI corrects to near 93.00, upside remains favored on higher demand forecasts Read More
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 …
Gold Price Forecast: XAU/USD stays defensive above $1,780 support, US Michigan CSI eyed Read More