Gold 1 OZ (XAU=X) steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years

Gold 1 OZ (XAU=X) steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years Gold prices are trading near steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years. The yellow metal dropped to…

New Zealand Dollar: NZD/USD (NZD=X) major players on the sidelines ahead of the U.S. Federal Reserve policy announcement and interest rate decision

New Zealand Dollar: NZD/USD (NZD=X) major players on the sidelines ahead of the U.S. Federal Reserve policy announcement and interest rate decision The New Zealand Dollar is trading in a tight range against the U.S. Dollar for a second straight session on Tuesday. With most of the major players on the sidelines ahead of the…

Australian Dollar: USD/AUD (AUD=X) selling pressure is in reaction to weaker-than-expected domestic economic data

Australian Dollar: USD/AUD (AUD=X) selling pressure is in reaction to weaker-than-expected domestic economic data The Australian Dollar is edging lower against the U.S. Dollar on Tuesday. Some of the selling pressure is in reaction to weaker-than-expected domestic economic data released earlier in the session. Australian Building Approvals came in at -1.2%, below the 0.2% forecast.…

Bank of Japan maintains monetary policy tools unchanged, Japanese Yen: USD/JPY (JPY=X) gains

Bank of Japan maintains monetary policy tools unchanged, Japanese Yen: USD/JPY (JPY=X) gains The Japanese Yen saw cautious gains even though the Bank of Japan left key monetary policy setting tools unchanged in July. The policy balance rate and 10-year government bond yield target held at -0.10% and 0.00% respectively. Meanwhile, the central bank maintained its 80 trillion Yen…