EUR/USD is consolidating phase, firm Eurozone data underpins the move. Fed Hawkishness and the Merck's covid pill update boosts the risk- on mood in the market. Traders are keen to watch the speech from ECB’s Lagarde and Powell’s Testimony. Euro is in consolidating phase by erasing losses against greenback in Tuesday Asian session. Upbeat [...]
NFP disappointment overrules the other upbeat US reports and weighs on the greenback. Market remain cautious with the rising cases of coronavirus in Australia. Fed Powell's hawkish comments and rising US inflation might recoup the Friday US dollar losses. The Australian dollar trades high the US dollar on Monday Asian session since US dollar [...]
The Kiwi pair struggles on Friday ahead of US NFP data. US dollar is strongly favored by the Fed policymakers comments and the FOMC minutes. Virus woes in New Zealand and Australia weighs on the consumer sentiment and exerts downward pressure on the NZD/USD pair. The Kiwi pair is under pressure on Friday. The [...]
Gold prices had a drop in Asia due to the hawkish bias from Fed. Favorable ADP Employment report favors US dollar and raises expectation for the non-farm payrolls numbers. Covid woes due to the new variant founded by France also weighs on the market sentiment and underpins bearish trend for XAU/USD. The yellow metal [...]
