Key points: U.S. economy grew at a 1.3% annualised rate from January through March, down from an estimated 1.6%. Market participants eye the upcoming PCE inflation report for further direction on U.S. interest rates. On Friday, the dollar was recovering …
Wheat prices drop to $6.84 following forecasted rain in southern Russia and Ukraine. A stronger US dollar also pressures the demand of farm goods.
Key Points: EUR/USD falls below 1.0800: The currency pair dips under a significant threshold, influenced by a strong dollar and higher yields. Technical support in focus: Near-term support levels are crucial as the pair tests critical technical markers. The EUR/USD …
Key points: Aussie pinned at $0.6605: After retreating from $0.6667, the AUDUSD faces immediate support at $0.6592 and resistance at $0.6680. Kiwi eases to $0.6108: With resistance at $0.6170 and support around $0.6084, the NZDUSD reflects cautious trading. The Australian …
Key points: Spot gold falls to $2,330.44 per ounce. Strengthening US dollar and higher Treasury yields pressure gold prices. Traders focus on upcoming U.S. core PCE inflation data. This article is a follow up from: Gold rises ahead of key …
Key Points: Bank of Japan (BOJ) board member Seiji Adachi signals possible policy action if the Japanese yen falls excessively. Underlying inflation continues to trend toward 2%. BOJ to adjust monetary support based on economic, price and financial developments. On …
Key points: Dollar index (DXY) remains flat just above 104.50 EUR/USD and GBP/USD fail to break key levels U.S. consumer confidence rises unexpectedly in May The dollar showed little direction on Wednesday, despite the rise in the U.S. Conference Board’s …
Key points: Indonesia rupiah hits weakest since early May Most Asian equities in the red Vietnam’s annual inflation accelerates The Indonesian rupiah and the Philippine peso were the biggest losers among Asian currencies on Wednesday. The upward movement in U.S. …
Key points: Copper prices increase on expectations of stronger demand from China. LME copper rose 0.5% to $4.79 per pound while SHFE copper gained 0.3% to $5.32 per pound. Recent US dollar stability and rising inventories in China limited the …
Key points: USD/SGD slips 0.1% to 1.3472 during the Asian session. Market focus on the Conference Board’s consumer confidence data for May. Technical support at 1.3400 and resistance at 1.3500. During the Asian trading session, the USDSGD pair edged lower, …
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