Gold Hits Fresh Record High on Fed Rate Cut Expectations
Gold futures set a fresh record high to kick off the trading week, supported by expectations of more interest rate cuts in the coming months….
Posts Tagged: PCE Price Index
Australian Dollar Slips to July Lows as Strong US Data Boosts Dollar Confidence
The Australian Dollar (AUD) dropped to fresh July lows against the US Dollar (USD), hovering near the 0.6450 mark, as a combination of disappointing domestic…
USD/JPY Slips Below 144.50 Amid Weak Dollar and Tepid Japan Industrial Data
The USD/JPY pair trades lower on Monday, hovering around 144.20 during European hours after giving up gains from the previous session. The Japanese Yen (JPY)…
NZD/USD Consolidates Amid Uncertainty Over Fed Rate Cut Timing
The NZD/USD pair is trading within a narrow range of 0.6105–0.6130 in Monday’s early American session. The New Zealand Dollar is consolidating as uncertainty deepens…
Australian Dollar Weakens Amid Global Uncertainty, Eyes on GDP Data and Fed Chairman’s Testimony
The Australian Dollar (AUD) faced further declines on Tuesday, influenced by a prevailing risk-off sentiment and a stagnant ASX 200 Index. The lack of impact…
GBP/USD Rebounds Modestly Amidst Weaker US Dollar and Mixed Data Signals
GBP/USD witnessed a mild recovery from 1.2600 levels after weak US data. The Dollar struggles post-ISM Manufacturing PMI, but GBP lacks strong momentum despite positive…
NZD/USD Faces Intense Selling Pressure Amid RBNZ’s Dovish Stance and Market Caution
The NZD/USD currency pair experienced a significant selloff, plummeting to the key support level of 0.6100. The New Zealand dollar faced headwinds from cautious market…
GBP/USD Reverses Below 1.2700 Amid USD Pressure Post-Soft PCE Data
The GBP/USD currency pair slipped below 1.2700 in early European trading but reversed course and advanced above the key level as the US dollar faced…