Silver price falls toward two‑month low as rising Fed hike bets pressure XAG/USD
Silver price falls toward two‑month low as rising Fed hike bets pressure XAG/USD
Australian Dollar Technical Outlook: AUD/USD Slides into Fibonacci Support at 70 Cents
AUD/USD is testing a critical Fibonacci confluence at the 70-cent handle after a 3.8% decline from its yearly high, with US CPI, FOMC and RBA decisions all due within days. Michael Boutros, Senior Market Analyst at FOREX.com, maps the multi-timeframe breakdown and explains what a sustained close below 70 could trigger for AUD/USD.
Iran Diversifies Crude Oil Procurement Amid Military Conflict
Since the military conflict with the United States and Israel began in February, Iran has been actively seeking to diversify its crude oil sources beyond the Middle East. The country is exploring procurement options from regions including the United States, Central and South America, Central Asia, and Africa.
BOC's Macklem Notes Slight Decline in Core Inflation
Bank of Canada Governor Macklem has observed a small decrease in core inflation, indicating a potential easing in price pressures. This development may influence future monetary policy decisions by the central bank.
Gold Price Analysis – Gold Continues to See Selling Pressure
Gold sees more selling on Wednesday, as the market finds itself well below the crucial 200-day EMA indicator. At this point, gold looks very weak.
Silver Price Analysis – Silver Continues to See Pressure Early on Wednesday
Silver finds itself very weak in the early part of the trading session on Wednesday, as we are continuing to see non-yielding assets struggle overall. With higher rates, it is a situation where silver underperforms.
Macklem Signals Possible Rate Cuts Amid Elevated Uncertainty and U.S. Trade Restrictions
Bank of Canada Governor Macklem indicated that significant new U.S. trade restrictions could prompt the need for interest rate cuts. He emphasized that unusually high uncertainty and shifting risks require a flexible monetary policy approach.
Bank of Canada Monitors Inflation Risks Amid High Energy Prices
Bank of Canada Governor Tiff Macklem emphasized the central bank's focus on preventing elevated energy prices from causing persistent inflation. The bank will closely watch for signs of broader price pressures in the economy.
Bank of Canada Holds Interest Rate Steady at 2.25% in June
The Bank of Canada maintained its benchmark interest rate at 2.25% in June, meeting market expectations. This decision signals a pause in the central bank's monetary tightening amid ongoing economic assessments.
EUR/USD, USD/CHF and GBP/USD Forecasts – US Dollar Trying to Rally on Wednesday
The US dollar is starting to think about rallying on Wednesday, as interest rates remain high in the United States.