Gold Retraces Gains as Hotter US PPI Tempers Rate Cut Optimism

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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

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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

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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

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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 […]

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. […]

US Dollar Falters After Initial Gains, Bond Market Jitters and Fed Speak in Focus

The US Dollar (USD), initially stronger on Tuesday, has since flattened as bond markets react to former US President Donald Trump’s spending plans and potential political implications. Fears of increased inflation due to Trump’s policies, coupled with a recent Supreme Court ruling favoring him, are contributing to this market unease. Market Drivers: Trump’s Influence and […]

Gold Price in Holding Pattern as Fed Rate Cut Uncertainty Persists

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Gold (XAU/USD) prices remain range-bound, hovering near chart support levels on Monday, as investors grapple with the uncertainty surrounding the Federal Reserve’s (Fed) interest rate policy. The precious metal has been consolidating since reaching its all-time high of $2,450 in May, with the lack of clear signals from the Fed regarding rate cuts limiting gold’s […]