Augustus
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Gold Price Forecast: Push back in rate cut expectations from March to June may cap XAU/USD rally – ANZ
The timing and pace of the Fed’s rate cuts are long-term drivers for Gold, strategists at ANZ Bank say. The FOMC needs more confidence that inflation is returning to 2% before considering cuts Currently, the FOMC needs more confidence that inflation is returning to 2% before considering cuts. We bel
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USD/JPY slides to lowest level since 1990
The Japanese yen has edged higher on Wednesday. In the European session, USD/JPY is trading at 151.17, down 0.26%. Yen falls to 34-year low, will Tokyo intervene? The Bank of Japan raised interest rates last week for the first time since 2007. The move marked a sea-change in monetary policy. However
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DXY looks poised to retest its February high around 105.00 – Scotiabank
The powerful USD rally that drove markets on Thursday has extended further. Economists at Scotiabank analyze Dollar’s outlook. There appears to be very little in the way of some additional USD progress Despite the focus on central bank prospects, broader Dollar gains are moving a little ahead of shi
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Gold retreats from peak below $2,200 on USD strength, high Treasury yields
Gold prices retrace, experience pullback from recent highs as US Dollar strengthens. Risk-off sentiment, lower Gold demand follows Fed announcement on monetary policy. Fed cautious on economy, eyes on inflation, labor market. US 10-year Treasury yields, Dollar Index rise, both headwinds for Gold pri
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USD/JPY recovers majority of intraday losses from 150.00 as US Dollar rebounds
USD/JPY rebounds to 151.00 as the US Dollar bounces back. Upwardly revised US economic outlook has supported the US Dollar. Rising expectations for Japan’s intervention fail to offset BoJ’s accommodative guidance. The USD/JPY pair finds support after correcting to near 150.27 in the European session
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Hong Kong Inflation Rises To 2.1%, Less Than Forecast
Hong Kong's consumer price inflation accelerated for the first time in four months in February, though at a slower-than-expected rate, data released by the Census and Statistics Department showed on Thursday. The consumer price index, or CPI, climbed 2.1 percent year-over-year in February, faster th
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GBP/USD should stay bid and perhaps push up to resistance in the 1.2850/1.2900 area – ING
Economists at ING analyze how the Bank of England (BoE) meeting could impact the Pound Sterling (GBP). Unchanged forward guidance can help the Pound We do not expect the BoE to change its forward guidance today. And assuming the MPC voting pattern remains the same as February, 2 (hike), 6 (unchanged
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NZD/JPY Price Analysis: Bulls are firmly in control according to daily trends, houly indicators consolidate
The daily chart reveals bullish sentiment, with RSI on an upward trajectory out of the negative zone and MACD depicting decreasing red bars. Indicators are consolidating overbought conditions on the hourly chart. Bulls must recover the 20-day SMA to confirm a recovery. The NZD/JPY currency pair is t
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Gold and Silver pullbacks after central banks' announcements [Video]
In today's TradeGATEHub Live Trading session, Coach Dale delves into the recent pullbacks in gold and silver, providing keen insights into the dynamics affecting these precious metals. He extends his expert analysis to the currency market, specifically discussing movements in the USD/JPY and the Aus
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