Australian Dollar holds gains against Japanese Yen following PBoC rate decision

Australian Dollar holds gains against Japanese Yen following PBoC rate decision

AUD/JPY gains ground after posting minor losses in the previous day, trading around 113.30 during the Asian hours on Monday. The currency cross holds ground as the Australian Dollar (AUD) remains stronger following China’s latest monetary policy update. On Monday, the People’s Bank of China (PBOC) opted to keep its benchmark one-year and five-year Loan […]

WTI rises nearly 2% on Strait of Hormuz closure, shaky peace talks

WTI rises nearly 2% on Strait of Hormuz closure, shaky peace talks

West Texas Intermediate (WTI) – the US oil benchmark – opened Monday’s Asian trading with an over $1 bullish gap, retesting the $78 mark, nearly up 2% in early dealings. The black gold is still up 1.15%, as of writing, holding above $77 as oil supply concerns resurface after Iran closed the Strait of Hormuz […]

XAG slides below 200-day SMA, bears target $61

XAG slides below 200-day SMA, bears target

Silver (XAG/USD) price tumbles for the third consecutive trading day, down over 3.32% on Friday, courtesy of broad US Dollar (USD) strength and rising US Treasury yields, which have aimed higher since Wednesday amid the Fed‘s hawkish tilt. XAG/USD Price Forecast: Technical Outlook Silver price continued to trend lower after clearing the 200-day Simple Moving […]

US Dollar loses momentum ahead of key US inflation data

US Dollar loses momentum ahead of key US inflation data

The week ahead will bring a fresh test for major currency pairs as investors digest the first Federal Reserve (Fed) policy decision under Chair Kevin Warsh and look ahead to the United States (US) Personal Consumption Expenditures (PCE) data, global PMI releases, and central-bank commentary. The US Dollar Index (DXY) trades near the 100.70 price […]