Market News
Silver Price Forecast: XAG/USD retreats from nearly three-year high to below $28.00
The price of silver, represented by XAG/USD, has recently retreated from its nearly three-year high, falling below the $28.00 mark. This pullback comes after significant gains that saw silver prices surge to their highest levels since 2018, driven by a combination of factors including inflationary concerns, a weaker US dollar, and increasing demand for safe-haven…
Read MoreEuropean Central Bank Preview: Interest rates on hold as markets expect first cut in June
In anticipation of the upcoming European Central Bank (ECB) meeting, market analysts predict that interest rates will remain unchanged amidst growing expectations of a potential rate cut in June. The ECB, led by President Christine Lagarde, has been closely monitoring economic indicators amid persistent concerns over inflationary pressures and sluggish growth across the Eurozone. With…
Read MorePound Sterling remains on tenterhooks ahead of US Inflation data
As the global financial community eagerly awaits the release of the US Consumer Price Index (CPI) data, the Pound Sterling finds itself in a state of suspense, teetering on the edge ahead of this pivotal economic announcement. Traders and investors are closely monitoring the Pound Sterling’s movements against major currencies, particularly the US Dollar, as…
Read MoreEUR/USD flip-flops in a range prior to US CPI
In the run-up to the eagerly anticipated release of the US Consumer Price Index (CPI) data, the EUR/USD currency pair has been caught in a state of indecision, fluctuating within a tight range. Traders are exhibiting caution, refraining from making significant moves until the crucial inflation figures are unveiled. The Euro to US Dollar exchange…
Read MoreEUR/GBP trades with modest losses around 0.8575 zone, downside seems limited
In the realm of forex trading, the EUR/GBP pair is currently experiencing a modest decline, hovering around the 0.8575 zone, according to recent market data. Despite these losses, analysts suggest that the downside for the pair appears to be limited, offering a glimmer of stability amidst turbulent market conditions. The EUR/GBP pair’s movement reflects the…
Read MoreSilver price today: Silver rises further, according to FXStreet data
In the ever-fluctuating world of precious metals, silver has once again emerged as a shining star, as reported by FXStreet data. Today’s market brings promising news for investors and traders alike, as the price of silver continues its upward trajectory. Silver has surged further amid economic uncertainties and geopolitical tensions, signaling strong investor interest and…
Read MoreEUR/USD Price Analysis: Falls to near 1.0830 as bearish stance remains robust
In the latest developments in the forex market, the EUR/USD pair has experienced a notable decline, dropping to near the 1.0830 level as bearish sentiment continues to dominate. The pair’s downward trajectory reflects ongoing concerns surrounding the Eurozone economy and the strength of the euro against the US dollar. The Euro has faced pressure from…
Read MoreForex Today: Gold hits yet another record high to start the week
In today’s forex market, gold has once again surged to a new record high, setting a bullish tone for the week ahead. Amidst ongoing global economic uncertainty and geopolitical tensions, investors continue to flock to the safe-haven asset, driving its price to unprecedented levels. The precious metal rally is fueled by a combination of factors,…
Read MoreBoJ’s Ueda: Impact of past rises in import costs on Japan’s inflation likely to dissipate
In the latest market news, Bank of Japan (BoJ) board member Hitoshi Ueda has remarked that the impact of previous increases in import costs on Japan’s inflation is expected to diminish. Ueda’s statement comes amidst growing concerns about inflationary pressures globally and their potential implications for Japan’s economy. Ueda’s assessment suggests a cautious outlook regarding…
Read MoreNZD/USD hovers around 0.6000 ahead of US NFP data
In the latest market update, the NZD/USD pair is seen hovering around the key psychological level of 0.6000 as traders await the release of the highly anticipated US Non-Farm Payrolls (NFP) data. The New Zealand dollar has shown resilience amidst uncertain market conditions, with investors closely monitoring economic indicators for signs of recovery amid the…
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