XAG/USD struggles near $75.50 on firm hopes of Fed’s extended pause

XAG/USD struggles near .50 on firm hopes of Fed’s extended pause

Silver price (XAG/USD) struggles to gain ground even after sliding to a fresh monthly low of $75.50 during the late Asian trading session on Thursday. The white metal has come under pressure amid the speculation that the Federal Reserve (Fed) will hold interest rates steady in the current range of 3.50%-3.75% in the entire year. […]

AUD/JPY holds gains to near 112.50 after BoJ keeps rates steady as expected

AUD/JPY holds gains to near 112.50 after BoJ keeps rates steady as expected

The AUD/JPY cross holds gains near 112.45 during the Asian trading hours on Thursday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) after the Bank of Japan (BoJ) interest rate decision. Traders will closely monitor Governor Kazuo Ueda’s press conference for any hints about the next move. As widely expected, the BoJ decided […]

GBP/USD slides below 1.3300 ahead of Thursday’s BoE decision

GBP/USD slides below 1.3300 ahead of Thursday’s BoE decision

GBP/USD fell around 0.7% on Wednesday, sliding below the 1.3300 handle as Cable continues to grapple with the technical level. The sell-off extends the pullback from the late-January high near 1.3870, with the pair now trading below both of its key daily moving averages. Wednesday’s decisive bearish candle suggests the indecisive price action of the […]