Gold clings to gains on weaker USD; downside risks persist

Gold clings to gains on weaker USD; downside risks persist

Gold (XAU/USD) maintains its bid tone above the $4,100 mark through the first half of the European session on Thursday and looks to build on the previous day’s bounce from a one-week low. The US Dollar (USD) remains on the back foot in the absence of a notable hawkish shift in the FOMC Minutes, lending […]

Weakens to near 112.50, but uptrend remains constructive

Weakens to near 112.50, but uptrend remains constructive

The AUD/JPY cross trades in negative territory around 112.62 during the early European trading hours on Thursday. The Japanese Yen (JPY) edges higher against the Australian Dollar (AUD) amid escalating tensions in the Middle East after US President Donald Trump said an interim agreement to end the war with Iran was “over.” Traders are also […]

Australian Dollar rises amid Chinese CPI preview

Australian Dollar rises amid Chinese CPI preview

AUD/USD gains ground after remaining flat in the previous day, trading around 0.6930 during the Asian hours on Thursday. The currency pair gains ground as the Australian Dollar (AUD) finds support ahead of critical consumer inflation data from China, Australia’s primary trading partner. Later today, market attention will shift toward the US weekly Initial Jobless […]