US bond yields rise, supported by sentiment favoring Trump in the upcoming US presidential election and cautious Fed stance on future rate cuts. Job openings decrease slightly in September to 7.44 million. US Housing Prices index from August saw an … [Continue reading]
Gold rallies to new all-time highs after US Jobs data
Gold rallies to new highs in the $2,770s after the release of US JOLTS jobs data. The precious metal was also supported by cheaper Oil which is likely to lead to lower interest rates – a positive for Gold. XAU/USD … [Continue reading]
Ireland Retail Sales (MoM): 0.5% (September) vs -1.5%
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]
Gold price stands firm near all-time peak, looks to US macro data for short-term impetus
Gold price catches fresh bids on Tuesday amid Middle East tensions and US election jitters. Bets for smaller Fed rate cuts remain supportive of elevated US bond yields and the USD. A positive risk tone might further contribute to capping the XAU/USD … [Continue reading]
NZD/USD remains below 0.6000 as downside risks persist due to dovish mood surrounding RBNZ
NZD/USD receives downward pressure as RBNZ is widely expected to deliver another 50-basis-point rate cut in November. The NZD could gain support from favorable results stemming from China's initiatives, its largest trading partner. The US Dollar … [Continue reading]
XRP fails to recover, former SEC lawyer highlights outdated approach to crypto regulation
XRP trades at $0.5169 on Monday, with prices little moved compared with the previous day. Former SEC enforcement lawyer Ladan Stewart criticized the agency and the Biden administration’s approach to crypto regulation. Stewart says that even though … [Continue reading]
United States 5-Year Note Auction rose from previous 3.519% to 4.138%
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]
Pound Sterling rises sharply ahead of UK Labour’s firm budget
The Pound Sterling rises above 1.3000 against the US Dollar ahead of a string of US economic data. Investors will pay close attention to US NFP for October and Q3 GDP. The UK budget and market speculation for the BoE interest rate path will … [Continue reading]
Gold price remains on the defensive below $2,748-2,750 hurdle amid positive risk tone
Gold price attracts some dip-buying on Monday and draws support from a combination of factors. Middle East tensions, US election jitters and a modest USD pullback seem to benefit the XAU/USD. Bets for smaller Fed rate cuts and rising US … [Continue reading]
WTI trades around $68.50 after dropping more than 4% amid easing geopolitical tensions
WTI loses ground due to easing geopolitical tensions in the Middle East. Israel's attack on missile and air defense sites in Iran proved to be less aggressive than many had anticipated. OPEC+ plans to roll back its production cuts in December, with … [Continue reading]