XAU/USD Current price: $1,790.01 The better tone of US indexes weighs on the American Dollar on a quiet day. Uncertainty about what central banks will do next week spurs caution. XAU/USD biased higher in the near term, although speculative interest … [Continue reading]
United States Initial Jobless Claims 4-week average: 230K (December 2) vs 228.75K
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]
EUR/USD Forecast: Buyers to remain interested as long as Euro holds above 1.0500
EUR/USD has stabilized above 1.0500 after having snapped a two-day losing streak. Technical picture points to a bullish tilt in the short-term outlook. The pair could gain traction in case risk flows return. EUR/USD seems to have stabilized above … [Continue reading]
USD/CAD reverses BOC-inspired pullback as yields underpin US Dollar rebound
USD/CAD braces for the biggest weekly gains in 10 as it grinds near one-month high. Fears of recession, US-China tussles join chatters surrounding Russia to weigh on sentiment. Rebound in US Treasury yields favors US Dollar bulls despite pre-Fed … [Continue reading]
EUR/USD grinds higher past 1.0500 with eyes on ECB President Lagarde
EUR/USD treads water after snapping two-day downtrend, stays defensive of late. Downbeat US Treasury yields, softer US data favor broad-based US Dollar weakness. Firmer EU statistics, hawkish ECB survey underpin bullish bias amid sluggish … [Continue reading]
AUD/USD Forecast: Bulls recover the 0.6700 threshold
AUD/USD Current Price: 0.6726 Chinese mixed headlines weighed on the Australian Dollar at the beginning of the day. Wall Street battled the dismal mood and trimmed most of its intraday losses. AUD/USD holds on to daily gains, could extend its rally … [Continue reading]
Gold Price Forecast: XAU/USD to enjoy a deeper recovery on a weekly close above $1,796 – Credit Suisse
Gold continues to fluctuate in a narrow range near $1,770. The yellow metal needs a weekly close above the 200-Day Moving Average (DMA) at $1,796 to see further gains, strategists at Credit Suisse report. Move below support at $1,729 to ease the … [Continue reading]
Greece Gross Domestic Product s.a (YoY) dipped from previous 7.7% to 2.8% in 3Q
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]
GBP/JPY Price Analysis: Bulls eye another battle with 167.30 hurdle
GBP/JPY picks up bids to reverse the previous day’s pullback from one-week high. Bullish MACD signals, sustained bounce off 21-SMA favor buyers. 200-SMA, five-week-old descending trend line challenge upside moves. GBP/JPY picks up bids to print mild … [Continue reading]
AUD/JPY breaks above 91.70 despite Australian GDP trims to 5.9%
AUD/JPY has attempted a break above the 91.70 hurdle despite weaker-than-projected Australian GDP data. The annual and quarterly Australian GDP has declined to 5.9% and 0.6% respectively. A decline in China’S inflation would propel PBOC to announce … [Continue reading]