Australian Dollar dips after CPI; focus shifts to Fed decision

Australian Dollar dips after CPI; focus shifts to Fed decision

The AUD/USD pair continues with its struggle to conquer the 0.7200 mark and drifts lower following the release of Australian consumer inflation figures during the Asian session on Wednesday. Spot prices slide to the 0.7170 area in the last hour, though the downside potential seems limited ahead of the crucial FOMC policy decision later today. […]

EUR/USD declines to near 1.1700 ahead of Fed rate decision

EUR/USD declines to near 1.1700 ahead of Fed rate decision

The EUR/USD pair trades in negative territory around 1.1715 during the early Asian session on Wednesday. Uncertainty over a potential Middle East ceasefire continues to boost a safe-haven currency such as the US Dollar (USD) against the Euro (EUR). All eyes will be on the US Federal Reserve (Fed) interest rate decision later on Wednesday.  […]

Inflation shock weighs on haven metal – TD Securities

Inflation shock weighs on haven metal – TD Securities

TD Securities’ Head of Commodity Strategy, Bart Melek, argues that Gold is under pressure as Oil-driven inflation keeps real rates elevated and raises the opportunity cost of holding the metal. He notes institutional, ETF and central bank demand has weakened, with technical support seen near the 200-day moving average around $4,258 and a year-end recovery […]