Precious Metals Shine as Global Markets Await Central Bank Decisions and Data

Australian Dollar rose broadly in the Asian session following the release of stronger-than-expected inflation data. The slight slowdown in inflation wasn’t as pronounced as markets had anticipated, reinforcing RBA’s stance that it is not yet ready to cut interest rates. While the data does reduce the urgency for another rate hike, it still supports the […]

Dollar mounted a significant comeback overnight, demonstrating resilience amidst surge in risk-on sentiment that propelled the three major US stock indexes to record highs. The greenback continued to extend gains in Asian session, surpassing pre-FOMC highs against European majors. The shift in sentiment came in wake of SNB’s unexpected rate cut yesterday and dovish voting […]

Yen surged significantly against all major currencies during European session, with speculation on whether Japan has intervened again in the markets. Last week, it was rumored that Japanese authorities had spent JPY 3.5 trillion to prop up Yen. Despite this, top officials have been tight-lipped, refusing to confirm any direct actions. Outgoing top currency diplomat […]