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Gold consolidates around $5,000; eyes US GDP and PCE data for fresh impetus
Gold (XAU/USD) struggles to capitalize on its modest gains registered over the past two days and oscillates in a narrow trading band, around the $5,000 psychological mark during the Asian session on Friday.
USD/CHF remains stronger near 0.7750 ahead of US Q4 GDP, PCE inflation data
USD/CHF extends its winning streak for the fifth successive session, trading around 0.7760 during the Asian hours on Friday.
Japanese Yen remains weak against US Dollar, Japan’s National CPI cools down
The Japanese Yen (JPY) shows weakness against the US Dollar (USD) during the Asian trading session on Friday. The USD/JPY pair holds onto gains near its weekly high of 155.20 posted on Thursday.
EUR/JPY Price Forecast: Tests confluence resistance near 182.50, nine-day EMA
EUR/JPY inches lower after two days of gains, trading around 182.40 during the Asian hours on Friday. The technical analysis of the daily chart suggests a potential bullish reversal as the currency cross is testing the upper boundary of the descending channel pattern.
US Dollar Index gains momentum to near 98.00 ahead of US GDP and PCE data
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a stronger note near 98.00 during the Asian trading hours on Friday. Traders brace for the key US economic data later on Friday for more clues on the interest rate pa
Pound Sterling seems vulnerable near one-month low vs. USD as traders await US data
The GBP/USD pair prolongs its weekly downtrend for the fifth consecutive day on Friday and slides back closer to a nearly one-month low, touched the previous day.
Canadian Dollar steadies as Oil strength offsets firm US Dollar
USD/CAD steadies for the second successive session, hovering around 1.3700 during the Asian hours on Friday. The pair remains subdued as the commodity-linked Canadian Dollar (CAD) draws support from higher Oil prices, offsetting the stronger US Dollar (USD).
Australian Dollar hangs near two-week low vs. firmer USD ahead of key US macro releases
The AUD/USD pair meets with a fresh supply during the Asian session on Friday and remains well within striking distance of a nearly two-week low, touched the previous day.
NZD/USD weakens to near 0.5950 on RBNZ dovish hold, focus shifts to US economic data
The NZD/USD pair attracts some sellers to around 0.5960 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) following a dovish hold by the Reserve Bank of New Zealand (RBNZ).
Silver Price Forecast: XAG/USD consolidates below mid-$78.00s; bullish potential intact
Silver (XAG/USD) struggles to capitalize on its gains registered over the past two days and oscillates in a narrow range during the Asian session on Friday.
WTI trades near $66.50 after pulling back from six-month highs
West Texas Intermediate (WTI) Oil price eases after two consecutive sessions of gains, trading near $66.40 per barrel during Asian hours on Friday.
EUR/USD flat lines above 1.1750 ahead of key US data, Eurozone PMI release
The EUR/USD pair trades on a flat note near 1.1770 during the early Asian session on Friday. The potential upside for the Euro (EUR) seems limited amid European Central Bank (ECB) leadership speculation swirls.
RBNZ’s Breman says path bumpy, inflation seen back in target range in Q1
Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Thursday that the path to 2% inflation has been bumpy, but we expect inflation to already be back in our target range in the first quarter of this year.
Japan Jibun Bank Services PMI climbed from previous 53.7 to 53.8 in February
Japan Jibun Bank Services PMI climbed from previous 53.7 to 53.8 in February
Japan Jibun Bank Manufacturing PMI: 52.8 (February) vs 51.5
Japan Jibun Bank Manufacturing PMI: 52.8 (February) vs 51.5
US President Donald Trump says Iran has 10 days to agree to a deal or 'bad things happen'
US President Donald Trump said that Iran must make a deal, or “bad things will happen," with the threat of military strikes still hanging heavy over delicate nuclear negotiations, BBC reported on Thursday.
Gold drifts higher to near $5,000 on heightened US-Iran tensions
Gold price (XAU/USD) holds positive ground near $5,000 during the early Asian session on Friday. The precious metal edges higher as escalating tensions between the United States (US) and Iran boost safe-haven demand.
USD/JPY tests 155.00 as hawkish FOMC meets rising BoJ hike bets
Wednesday's Federal Open Market Committee (FOMC) minutes from the January meeting revealed a deeply divided committee, with the 10-2 vote to hold at 3.50% to 3.75% accompanied by language describing disinflation as potentially "slower and more uneven" than expected.
Japan National CPI ex Food, Energy (YoY) fell from previous 2.9% to 2.6% in January
Japan National CPI ex Food, Energy (YoY) fell from previous 2.9% to 2.6% in January
Japan’s National CPI rises 1.5% YoY in January, Core CPI climbs as expected
Japan’s National Consumer Price Index (CPI) rose by 1.5% YoY in January, compared to the previous reading of 2.1%, according to the latest data released by the Japan Statistics Bureau on Friday.
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