Bank of Japan (BoJ) Governor Kazuo Ueda recently signaled that the timing for the next rate hike is drawing closer. This, coupled with data indicating solid underlying inflation in Japan, fueled expectations that the BoJ could raise rates at its...
The price of gold (XAU/USD) has extended its upward momentum, surpassing the critical $2,900 per troy ounce level, driven by a weakening US Dollar (USD). Despite the bullish trend, overbought conditions suggest a potential corrective decline in the...
The latest US economic data has painted a mixed picture, influencing market sentiment and expectations for the Federal Reserve's monetary policy. The US Gross Domestic Product (GDP) for the third quarter came in lower than anticipated, signaling...
Australia's Westpac Consumer Confidence declined by 2% to 92.8 points, reversing two months of positive momentum and raising concerns about the domestic economic outlook. Meanwhile, in the US, the Census Bureau reported that Retail Sales rose 0.7%...
The USD/JPY pair is trading in a narrow range around the 152.00 level during Tuesday's European session, reflecting a sideways trend as market participants await Federal Reserve Chair Jerome Powell's testimony before Congress. Powell's remarks,...
