by Forexregulationinquiry | Feb 6, 2024 | News
The Japanese Yen struggles to register any meaningful recovery and languishes near the YTD low. Bulls remain on the sidelines despite a softer risk tone and the BoJ’s hawkish tilt earlier this month. Hawkish Fed expectations continue to underpin the USD and lend...
by Forexregulationinquiry | Feb 6, 2024 | News
EUR/GBP faces a challenge as the BoE is expected to avoid rate cuts in its upcoming meeting. BoE Chief Economist Huw Pill called the expectation of interest rate cut premature. OECD anticipated EU inflation to persist above the ECB’s 2% target until some point...
by Forexregulationinquiry | Feb 5, 2024 | News
Australian Dollar weakened as the US Dollar surged on solid Nonfarm Payrolls. Australia’s Trade Balance reduced to 10,959M in January from 11,764M prior. Chinese Services PMI reduced to 52.7 in January from the previous reading of 52.9. RBA is expected to keep...
by Forexregulationinquiry | Feb 2, 2024 | News
Australian Dollar strengthens on positive Aussie Producer Price Index data. Australia’s PPI (YoY) grew by 4.1% in Q4, surpassing the previous growth of 3.8%. Former RBA board member, Warwick McKibbin, suggested cash rate may remain around 4.5% for some time. An...
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...
