USD/CHF gives up intraday gains and falls back to near 0.9000 as the US Dollar struggles to hold recovery. Fed officials expect that the current monetary policy is in the right place. The SNB could opt for negative interest rates to avoid risks of inflation remaining persistently lower. The USD/CHF pair surrenders its intraday gains … Read more
Euro (EUR) is expected to consolidate vs the US Dollar (USD) in a 1.0455/1.0505 range. In the longer run, outlook for EUR is positive, with a technical target of 1.0530, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Outlook for EUR looks positive 24-HOUR VIEW: “We indicated yesterday that ‘the combination of … Read more
Gold attracts buyers for the second straight day amid concerns about a global trade war. Bets that the Fed would cut rates further lend support to the non-yielding yellow metal. Rebounding US bond yields and a modest USD uptick do little to cap the XAU/USD pair. Gold price (XAU/USD) builds on the previous day’s modest … Read more
USD/CAD gathers strength to around 1.4205 in Tuesday’s early European session. The pair keeps the negative view below the 100-period EMA with the bearish RSI indicator. The first downside target to watch is 1.4151; the immediate resistance level emerges near 1.4265. The USD/CAD pair trades in positive territory near 1.4205 during the early European session … Read more
Gold prices rose in Pakistan on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 26,155.87 Pakistani Rupees (PKR) per gram, up compared with the PKR 26,047.90 it cost on Monday. The price for Gold increased to PKR 305,076.90 per tola from PKR 303,817.60 per tola a day earlier. Unit measure … Read more
The Reserve Bank of Australia (RBA) board members decided to lower the Official Cash Rate (OCR) by 25 basis points (bps) from 4.35% to 4.1% following the conclusion of its February policy meeting on Tuesday. The decision matched the market expectations. Summary of the RBA monetary policy statement Inflation and GDP have been softer than expected, … Read more