by Forexregulationinquiry | Feb 2, 2024 | News
Gold price consolidates its recent gains to a one-month peak touched on Thursday. Traders opt to wait on the sidelines ahead of the release of the critical US jobs report. A combination of factors lends support to the XAU/USD and favours bullish traders Gold price...
by Forexregulationinquiry | Jan 26, 2024 | News
GBP/USD remains confined in a narrow trading range during the Asian session on Friday. Traders wait for the release of the US PCE Price Index before placing fresh directional bets. A breakthrough a descending trend-line is needed to support prospects for additional...
by Forexregulationinquiry | Jan 26, 2024 | News
EUR/USD could mark further losses due to a dovish sentiment surrounding the ECB. Market participants bet on a first 50 bps rate cut from the ECB by June. US Treasury Secretary Janet Yellen emphasized that the recent GDP report does not put any threats on a ‘soft...
by Forexregulationinquiry | Jan 25, 2024 | News
Japan’s top currency diplomat Masato Kanda commented on the weaker Japanese Yen (JPY) on Thursday. Kanda stated that it’s important for FX to move stably, reflecting fundamentals. Key quotes “Strong market interest in US rate cut timing and BOJ policy outlook,...
by Forexregulationinquiry | Jan 24, 2024 | News
Australian Dollar loses ground despite the improved PMI figures. Australian Manufacturing and Services PMI increased to 50.3 and 47.9, respectively. The upbeat Australian share market provides support for the AUD. US Dollar demand persists on risk aversion sentiment...
