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Fundamental analysis AUDUSD for 04.04.2024

The Australian Dollar (AUD) has been on a three-day winning streak, bolstered by optimistic data releases.

Australia's Judo Bank Services PMI improved to 54.4 in March from 53.5 in February. Judo Bank Composite PMI rose from 52.4 to 53.3.

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Fundamental analysis USDJPY for 19.04.2024

Most Asian currencies weakened on Friday amidst escalating geopolitical tensions, with the US Dollar (USD) and the Japanese Yen (JPY) garnering safe-haven demand. Reports of retaliatory strikes by Israel against Iran fueled risk aversion, pushing investors towards traditional safe-haven assets.

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Fundamental analysis Gold for 23.04.2024

Gold prices for XAU/USD continued their downward slide on Tuesday, echoing the trend from the day prior. Currently hovering near $2,305.90 per ounce, this marks a notable retreat from April's highs around $2,430 per ounce, signaling a notable relaxation in market tensions.

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Fundamental analysis Gold for 26.04.2024

During the Asian session on Friday, the price of gold (XAU/USD) showed a modest increase, reaching $2,335 an ounce, although without sustained buying momentum and lingering below the previous high. Investors are redirecting their attention past the disappointing US GDP figures, as the growing consensus anticipates a delay in interest rate cuts by the Federal Reserve due to persistent inflationary pressures, consequently bolstering demand for the US Dollar (USD). This, coupled with a generally optimistic sentiment in equity markets, acts as a significant headwind for the safe-haven appeal of precious metals.

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Fundamental analysis AUD/USD for 08.05.2024

The Australian Dollar (AUD) has experienced significant fluctuations, primarily influenced by the Reserve Bank of Australia's (RBA) recent decision to maintain its interest rate at 4.35%. Despite the anticipation of a hawkish shift following unexpectedly high inflation figures, the RBA has maintained a cautious approach, citing the need for vigilance against inflation risks. Governor Michele Bullock underscored the necessity of maintaining current rates to guide inflation back to the target range of 2-3% by the latter half of 2025.

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Fundamental analysis Gold for 09.05.2024

Gold prices (XAU/USD) exhibit a cautiously positive trend this Thursday, influenced by a complex interplay of economic signals and geopolitical dynamics. Despite an absence of major economic news earlier in the week, gold faces resistance due to a robust U.S. dollar and anticipations of persistent high U.S. interest rates, evidenced by a 0.5% increase in the U.S. Dollar Index to 103.2. Recent hawkish statements from Federal Reserve officials, including Boston Fed President Susan Collins, New York Fed President John Williams, and Minneapolis Fed President Neel Kashkari, emphasize a prolonged period of high rates as inflation control remains a central focus. This stance is further reinforced by a downward adjustment in market expectations, with the probability of a September rate cut now reduced to just under 55%.

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