The price of silver surges to $28.60 due to escalating global turmoil. Fears of Middle East tensions escalating beyond Gaza will grow as a result of Israel’s response to Iran’s attack. Despite the Fed’s tendency to raise interest rates for a longer period of time, US bond yields are gradually declining. In Wednesday’s early New … Read more
With UK inflation rising more than anticipated in March, the pound sterling gains ground versus the US dollar, closing the gap at 1.2400. In March, the UK’s core CPI increased by 4.2% and the annual headline CPI increased by 3.2%. The US Dollar’s allure has increased as a result of Fed Powell’s aggressive interest rate … Read more
On Wednesday, the price of natural gas does not change, but futures on European markets do. On the eve of Israel’s potential response against Iran, markets predict that tensions will persist. Following Fed Chairman Powell’s confirmation of a pause in interest rate reductions, the US Dollar Index steadies. Wednesday’s trade in natural gas (XNG/USD) is … Read more
A weak US economic calendar and an improved risk mood are supporting AUD/USD.Even if the US Dollar Index increased somewhat, Wall Street opens higher and influences currencies. The strength of the Australian dollar may be impacted by upcoming employment data, with estimates pointing to modest job growth. Early in the North American session, the Australian … Read more
The USD/JPY continues to rise, reaching 154.00s. It might be developing a Measured Move pattern with 156.11 as the eventual goal. The RSI is overbought, but it is indicating that a correction might be approaching. Trade for USD/JPY is in the upper 154.00s. It has created what appears to be a three-wave, or Measured Move, … Read more
A weaker US dollar helps the Canadian dollar climb somewhat. Despite reduced oil prices and the Fed’s aggressive posture, USD/CAD is retreating. The current rebound in the Canadian dollar is probably only temporary. Wednesday’s gains in the Canadian dollar (CAD) are intended to end a five-day sell-off that has caused the Loonie to drop 1.7%. … Read more
With minor increases, the DXY Index reached a high of 106.1, its highest level since early November. The hawkish posture of Fed Chair Powell and the multi-month high US Treasury yields are the main points of interest for investors. We’ll be keenly observing the Fed’s Beige books, which are scheduled for release later in the … Read more
The AUD/JPY daily RSI shows a slight upward trend that is still above the middle range. The Hourly chart displays a mixed emotion with negative momentum represented by the MACD bars and frequent fluctuations in the RSI. The bulls’ primary objective is the 20-day SMA at 99.30. Through a 0.27% increase and a Wednesday closing … Read more
Amidst ongoing geopolitical concerns and a strong belief in an ECB rate cut this summer, the Greenback’s recent gain ran out of steam, leading to a correction in the USD Index (DXY) and some rebound in the risk-linked sectors. Here is what you need to know on Thursday, April 18: The USD Index (DXY) had … Read more
Despite demand for safe haven assets being undercut by the Fed’s “higher for longer” interest rate policy, the price of gold is still rising. Fed Powell is in favor of maintaining high interest rates until it is certain that inflation will decline to 2%. In reaction to Iran’s attack on Israel, the US issues a … Read more
