Silver Price Retreats as US Retail Sales Beat Expectations, But Fed Rate Cut Hopes Remain
Silver (XAG/USD) prices pulled back from recent highs on Tuesday, as the US Dollar (USD) rebounded following stronger-than-expected US Retail Sales data for June. However, the white metal managed to hold above $30.50, supported by persistent expectations of Federal Reserve (Fed) rate cuts in September. Retail Sales Data Boosts USD, But Disinflationary Trend Persists While […]
NZD/USD Struggles Below 0.6100 as Traders Eye US Retail Sales and NZ Inflation
The NZD/USD pair is trading lower near 0.6075 during Tuesday’s Asian session, weighed down by weaker Chinese economic data and a modest US Dollar (USD) rebound. Investors are eagerly anticipating the release of US Retail Sales figures for June and New Zealand’s second-quarter Consumer Price Index (CPI) data on Wednesday. New Zealand CPI and Rate […]
Gold Retraces Gains as Hotter US PPI Tempers Rate Cut Optimism
Gold (XAU/USD) retreated on Friday, reversing some of its previous gains after hotter-than-expected US Producer Price Index (PPI) data for June tempered expectations for aggressive Federal Reserve (Fed) rate cuts. The precious metal, which had rallied following softer consumer inflation data on Thursday, traded lower in the $2,390s as the weekend approached. Inflation Data and […]
Canadian Dollar Weakens as US Inflation Cools, Rate Cut Bets Soar
The Canadian Dollar (CAD) declined against major currencies on Thursday, as softer-than-expected US inflation data ignited renewed hopes for a faster pace of interest rate cuts by the Federal Reserve (Fed). With no significant economic releases from Canada, the CAD remained vulnerable to broader market sentiment. The US Consumer Price Index (CPI) for June surprised […]
US Dollar Drifts as Markets Anticipate Fed Speak and Economic Data
The US Dollar (USD) opened flat on Wednesday following a quiet European session and an uneventful testimony from Federal Reserve Chair Jerome Powell. Powell reiterated the Fed’s commitment to holding interest rates steady until inflation convincingly reaches its 2% target. Market focus now shifts to Wednesday’s events, including a 10-year Treasury Note auction and speeches […]
Mexican Peso Surges on Strong Inflation Data, Diminishing Rate Cut Prospects
The Mexican Peso (MXN) strengthened across major currency pairs on Tuesday, fueled by higher-than-expected inflation data and the persistent allure of its high interest rates. June’s headline inflation exceeded forecasts, coming in at 0.38% month-on-month, while core inflation, excluding volatile food and energy components, reached 0.22%. The 12-month inflation rate also surpassed expectations at 4.98%. […]
Australian Dollar Eases from Multi-Month High, Fed-RBA Divergence Fuels Speculation
The Australian Dollar (AUD) dipped slightly against the US Dollar (USD) on Monday, retreating from its recent multi-month high. Despite this minor pullback, the Aussie remains buoyant, supported by expectations of continued policy divergence between the Federal Reserve (Fed) and the Reserve Bank of Australia (RBA). Market Drivers: Fed Rate Cut Bets vs. Hawkish RBA […]
Pound Sterling Rallies on UK Election Results, US Dollar Weakens Ahead of NFP
The Pound Sterling (GBP) demonstrated impressive strength against major currencies, except the Japanese Yen (JPY), on Friday, as investors responded positively to the Labour Party’s decisive victory in the UK parliamentary elections. The GBP/USD pair reached a fresh three-week high, nearing 1.2780, amid broad US Dollar (USD) weakness fueled by growing expectations of Fed rate […]
EUR/USD Surges Towards 1.0800 as US Dollar Falters Ahead of NFP Data, French Election Results
The EUR/USD pair rallied on Thursday, reaching the 1.0800 resistance level as the US Dollar (USD) weakened amid concerns about the US labor market and economic health. With US markets closed for Independence Day, trading volumes were thin, but the Euro’s strength was evident. Market Drivers: Weak US Data and European Political Landscape ECB Rate […]
Silver Price Forecast: XAG/USD Soars Past $30 as Fed’s Powell Signals Potential Rate Cuts
Silver (XAG/USD) prices surged to nearly $30.50 during Wednesday’s American session, fueled by a weakening US Dollar (USD) following Federal Reserve (Fed) Chair Jerome Powell’s remarks at the European Central Bank (ECB) Forum. Powell’s acknowledgement of progress in curbing inflation has ignited optimism for potential rate cuts, boosting the appeal of non-yielding assets like silver. […]
