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Gold price seems vulnerable above $3,200 amid possible Russia-Ukraine ceasefire

Gold price meets with a fresh supply during the Asian session on Tuesday and reverses the previous day's move higher on the back of the upbeat market mood.
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update2025.05.20 13:11

GBP/USD maintains position above 1.3350 as US Dollar weakens on economic concerns

GBP/USD continues its upward momentum for the second consecutive session, hovering near 1.3360 during Asian trading hours on Tuesday. The Pound Sterling (GBP) is strengthening as the US Dollar (USD) softens in response to Moody's Ratings downgrading the US credit rating from Aaa to Aa1.
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update2025.05.20 12:35

USD/INR gathers strength on bets for more RBI rate cuts

The Indian Rupee (INR) weakens on Tuesday. Consumer inflation in India fell more than expected to a near six-year low in April, strengthening bets that the Reserve Bank of India (RBI) is due to extend its rate cutting cycle. This, in turn, undermines the Indian currency.
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update2025.05.20 11:48

NZD/USD remains subdued near 0.5900 following PBoC rate cut

NZD/USD edges lower during Tuesday's Asian session, trading around 0.5920 after climbing over 0.50% in the previous session. The pair remained under pressure following the People's Bank of China's (PBoC) latest interest rate decision.
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update2025.05.20 11:42

Japanese Yen trades with mild negative bias against USD; bears lack conviction

The Japanese (JPY) weakens across the board on Tuesday, assisting the USD/JPY pair to reverse the previous day's slide to over a one-week low and climb back to mid-145.00s during the Asian session.
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update2025.05.20 11:20

Australia's Opposition coalition splits as National Party pulls back

The Australian Dollar (AUD) is losing further ground across its major rivals, undermined by the latest political turmoil in Australia. However, traders remain cautious ahead of the Reserve Bank of Australia (RBA) policy announcement due later at 4.30 GMT.
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update2025.05.20 11:08

Australian Dollar remains subdued following PBoC's Interest Rate Decision, RBA eyed

The Australian Dollar (AUD) dips against the US Dollar (USD) on Tuesday, following a gain of over 0.50% in the previous session. The AUD/USD pair remains under pressure after the People's Bank of China (PBoC) announced its Interest Rate Decision.
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update2025.05.20 10:51

Japan's Kato hints at plans to speak with US Treasury Secretary Scott Bessent on FX this week

Japan's Finance Minister Shunichi Kato said on Tuesday that he expects any talks with US Treasury Secretary Scott Bessent this week to be based on this understanding of foreign exchange.
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update2025.05.20 10:31

PBOC cuts Loan Prime Rates in May, as expected

The People's Bank of China (PBOC), China's central bank, announced a cut in its Loan Prime Rates (LPRs) on Tuesday. The one-year LPR was cut from 3.1% to 3.00%, while the five-year LPR was cut from 3.60% to  3.50%. 
New
update2025.05.20 10:25

Gold Price Forecast: XAU/USD holds below $3,250 on modest US Dollar strength

The Gold price (XAU/USD) edges lower to around $3,230 during the early Asian session on Tuesday, pressured by a modest US Dollar (USD) rebound. However, the concerns over the US economic health after Moody's downgrades the US national credit rating might cap its downside. 
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update2025.05.20 10:17

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