The People’s Bank of China meet the market expectations to keep the benchmark interest rates unchanged. Ukraine rejection of Russian demand to surrender port city in exchange for safe passage weigh on the market sentiment. RBA's Philip Lowe speech will be the major catalyst in directing the pair, traders will also keep an eye on [...]
Russia remarked peace-talks progress ‘wrong’ leads to fear of ceasefire delay. Gold prices have fallen as Fed has raise interest rates by a quarter percentage point. Investors will focus on Ukraine crisis headlines to direct their move further. Gold trades low against the US dollar and is trading around $1930 level on Friday Asian [...]
The Federal Reserve raised rates by 25 basis points and hints at six more hikes. Bank of Japan Governor Haruhiko Kuroda sees inflation remaining short of 2% target. Ukrainian President Volodymyr Zelenskyy invoked 9/11 during an urgent appeal to the US Congress. The US dollar trades high against its yen counterpart and reached a [...]
Comments from a senior Chinese official for more stimulus helps the Australian dollar. The recent update of daily virus infections ease in Beijing, favors the AUD. Mixed signals over the Russia-Ukraine peace talks and the Fed's verdict can act as a bearish catalysts for the pair- AUD/USD. Australian dollar trades high against the American [...]
