Silver Price (XAG/USD) Soars to Three-Year High Above $28.00
Silver (XAG/USD) rallied to a near three-year peak above $28.00 on strong demand fueled by falling US Treasury yields, a weaker US Dollar, and heightened geopolitical risks. The precious metal breached key resistance established in June 2021 and now eyes the May 2021 highs. Currently, XAG/USD trades at $28.00 after reaching a multi-month high of […]
Gold Price Remains Resilient Despite Rising US Bond Yields
Gold (XAU/USD) retreated slightly from its record all-time highs near $2,350 on Monday, but near-term bullish sentiment remains extremely strong due to heavy central bank buying. Gold’s rise persists despite rising US Treasury yields following Friday’s strong Nonfarm Payrolls (NFP) report, which dampened expectations for a near-term Federal Reserve (Fed) pivot toward rate cuts. Bond […]
GBP/JPY Declines as UK-Japan Rate Outlook Converges
GBP/JPY is trading slightly lower on Friday near 191.00, as shifting interest rate expectations in the UK and Japan diminish the appeal of holding Pound Sterling (GBP) assets relative to the Japanese Yen (JPY). UK: Easing Inflation, Rate Cut Expectations Easing inflation expectations in the UK have fueled speculation that the Bank of England (BoE) […]
Mexican Peso Holds Steady on Mixed Data, Fed Commentary Fuels USD Weakness
The Mexican Peso (MXN) shows marginal gains against the US Dollar (USD) on Thursday amidst mixed economic data and continued speculation on potential US interest rate cuts. Currently, USD/MXN trades at 16.54, registering a slight 0.01% decline. Mexico: Signs of Economic Growth, Remittances Drive Peso Strength March data from Mexico’s National Statistics Agency (INEGI) reveals […]
EUR/JPY Surges Above 164.00, Bulls Target YTD High
The Euro (EUR) registered substantial gains against the Japanese Yen (JPY) on Wednesday, fueled by improving risk sentiment and the Bank of Japan’s (BoJ) continued dovish stance, even in a rising interest rate environment. Currently, EUR/JPY trades at 164.25, demonstrating a strong 0.67% increase. Renewed Bullish Momentum Bullish momentum lifted EUR/JPY above the Tenkan-Sen at […]
US Dollar Posts Losses Despite Strong JOLTs Data, Market Eyes ADP Report
The US Dollar Index (DXY) trades at 104.95, registering mild losses. Robust US economic data, including strong JOLTs figures, has led markets to reassess their confidence in a June Fed rate cut. This week’s labor market reports, particularly the crucial ADP data, will continue to shape expectations. Resilient US Economy, Cautious Fed The US economy […]
Gold Price Climbs Despite Strong US Data, Bulls Eyeing Record Highs
Gold prices edged higher on Monday, remaining near the all-time high of $2,265. Although the precious metal is experiencing some pullback, it retains a daily gain of 0.30%. XAU/USD currently trades at $2,240 after dipping to a daily low of $2,228. US Economic Data Signals Strength Positive readings on US manufacturing activity from both the […]
USD/JPY Dips Slightly on Expected Core PCE Cooling
The USD/JPY pair registered minor losses after the release of the US Core Personal Consumption Expenditure (PCE) price index, the Fed’s favored measure of inflation. Prices continued their downward trend, albeit at a slower pace, with the pair currently trading at 151.25, down 0.09%. The US Bureau of Economic Analysis (BEA) revealed a lower-than-anticipated Core […]
Gold Eyes Record Highs Ahead of PCE Data, Despite Rising Yields
Gold prices soared to a new all-time high of $2,225 on Thursday, defying rising US Treasury yields and a stronger US Dollar. Hawkish Fed commentary and robust US economic data continue to buoy both the Dollar and precious metal prices. XAU/USD currently trades at $2,221, posting over a 1.20% gain. Fed Governor Christopher Waller emphasizes […]
Swiss Franc Eases Gains on Shifting Sentiment, USD Strength
The Swiss Franc (CHF) retreated on Wednesday following an initial surge driven by positive Swiss economic sentiment data. While the ZEW Survey – Expectations for March showed continued investor optimism in response to the Swiss National Bank’s (SNB) recent interest rate reduction, a broader shift in sentiment and a rising US Dollar (USD) ultimately weighed […]
