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Market Analysis

US Dollar Index: DXY could reach 102 as Gulf tensions persist - ING

ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that higher Crude and Gulf tensions are not yet fully priced, leaving short-term upside risks for the US Dollar (USD). They highlight limited Fe…

2 min read

New Zealand Dollar holds gains near 0.5800, unfazed by risk aversion

The New Zealand Dollar (NZD) appreciates against the US Dollar (USD) on Tuesday, hardly affected by the risk-averse scenario. Investors’ bets on further rate hikes by the Reserve Bank of New Zealand (RBNZ) and bright da…

4 min read

Euro declines against Canadian Dollar as oil prices rise

EUR/CAD extends its losing streak for the third consecutive day, trading around 1.6070 during the European hours on Tuesday. The currency cross depreciates as the commodity-linked Canadian Dollar (CAD) gains ground on h…

4 min read

Euro: Downside bias but key support holds against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that EUR/USD slid to 1.1377 and closed at 1.1381, a two‑week low, as the Dollar strengthened ahead of United States (US) Consumer Price Index (CPI). Whi…

2 min read

Asian Markets Track Wall Street Lower

(RTTNews) - Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, as the markets remain concerned over the outlook for interest rates amid the prospect o…

4 min read

British Pound strengthens above 1.3350 ahead of US CPI data

The GBP/USD pair trades in positive territory around 1.3360 during the Asian trading hours on Tuesday. However, the potential upside for the major pair might be limited amid fears of an escalating US-Iran conflict. The …

3 min read

Silver Price Forecast: XAG/USD dips as oil surge lifts Fed hike odds

Silver price (XAG/USD) loses ground for the third consecutive day, trading around $57.60 per troy ounce during the Asian hours on Tuesday. The price of the non-yielding white metal faces challenges as escalating Middle …

3 min read