USD/INR picks up bids to reverse the previous day’s pullback from one-week high. Bank of Japan’s inaction drowned Treasury bond yields, underpinned US...
XAU/USD maintains a bullish bias despite temporary drops.
It could test and retest the near-term support levels before jumping higher.
The USD’s depreciation...
The Japanese yen continues to flirt with the 140 level. In the European session, USD/JPY is trading at 140.25, up 0.51%. Japan releases the October National CPI later today, which is expected to rise to 3.5%, following the September reading of 3.0%. Inflation has been on the rise and is above the BoJ’s target of […]
USDCAD, H1 US Retail Sales beat estimates via revision, with February gains of 0.3% overall and 0.2% ex-autos, after net upward revisions. The higher retail sales trajectory, mostly via January boosts, included only modest swings for most components in February, though with a big 5.3% price-led rise for gasoline. The sales roller coaster between October […]
AUD/USD updates the intraday high, continuing its recovery from the two-week low. The market sentiment remains negative amid mixed concerns over Ukraine-Russia peace talks and concerns about the Fed. New momentum depends on Powell’s efforts to offset rate hikes, US retail sales, and risk catalysts. The AUD/USD forecast remains bearish despite the recent slight gains. … Continued
