Share: Crude Oil prices consolidate the recent heavy losses to over a one-week low touched on Tuesday. Easing concerns about supply disruptions and recession fears act as a headwind for the commodity. Strong fuel demand in the US and tightening … [Continue reading]
YGG price soars even as investors expect almost 13 million Yield Guild Games allocation on Friday
Share: YGG price is up 15% in the last 24 hours, sustaining the gains amid the continuing countdown to the unlocks event. On October 27, 12.58 million Yield Guild Games tokens will be unleashed, worth around $3.50 million in a cliff unlock. Such … [Continue reading]
AUD/USD Forecast: Slightly bullish while above 0.6340
Share: Australian PMI drops below 50 in October; September and Q3 inflation data due on Wednesday. The US Dollar strengthens further following positive US PMI data. The AUD/USD trims gains due to Dollar strength, still with scope for more upside … [Continue reading]
Gold Price Forecast: XAU/USD direction hinges on news coming out of the Middle East – Commerzbank
Share: Gold price is continuing to profit from the Middle East crisis. Economists at Commerzbank analyze the yellow metal’s outlook. Gold in demand as safe haven The news coming out of the Middle East is likely to continue to dictate the direction … [Continue reading]
Natural Gas price recovers mildly from last week sell-off
Share: Natural Gas prices sold off for two straight weeks and finally found a floor at $3.20 The US Dollar saw its worst intraday loss in three months on Monday. Natural Gas prices appear to have downside potential as … [Continue reading]
United Kingdom Employment Change above forecasts (-198K) in August: Actual (-82K)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Australian Dollar trades in the positive territory despite downbeat PMI data
Share: Australian Dollar extends gains as the US Dollar declines. Australia’s Manufacturing PMI eased to 48.0, while the Services PMI dropped to 47.6. China may approve over 1 trillion yuan in additional sovereign debt issuance. The pullback in US … [Continue reading]
Forex Today: US Dollar tumbles as Treasury yields reverse course
Share: The global PMI surveys are due on Tuesday, providing the first glimpse of economic activity during October. Australia and Japan will kick off the PMI, followed by European countries, and ending with the United States. Also scheduled for … [Continue reading]
Mexican Peso gains ground against the US Dollar amid rising geopolitical tensions and upbeat data
Share: Mexican Peso extends its gains for second straight day, as USD/MXN drops to 18.15 despite the sour market mood. Mexico's economic activity exceeded estimates in August, providing a positive backdrop for the Peso. US 10-year bond yield pulls … [Continue reading]
GBP/USD: Gains may be hard to come by for now – Scotiabank
Share: GBP/USD trades back to the mid-1.21 area. Economists at Scotiabank analyze the pair’s outlook. Choppy range trading may continue in the short run Cable slippage to the 1.21 area or just below found good support last week but gains to the … [Continue reading]