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/USD faces barricades around 1.1930 as US Dollar Index rebounds
GBP/USD has sensed selling pressure around 1.1930 amid a recovery in the US Dollar Index. A recovery in the risk-on profile is getting faded as investors turn anxious ahead of the US NFP release. Higher wage inflation might for the Fed to stretch its … [Continue reading]
China’s curbs on Australian commodities may lift in unofficial manner – Bloomberg
Citing Hans Hendrischke, professor of Chinese Business and Management at the University of Sydney, Bloomberg reported that China could ease its trade restrictions on imports of Australian wine, lobsters and other commodities following … [Continue reading]
GBP/USD plunges toward 1.1900 on US data as traders eye US NFP
Economic data in the United States strengthened the US Dollar vs. the Pound Sterling. Fed speakers remained worried about inflation, with some expecting rates at around 5% in 2024. GBP/USD traders are eyeing December’s US Nonfarm Payrolls data. The … [Continue reading]
USD/CAD hits fresh daily highs near 1.3600 as Dollar rallies
US Dollar rises sharply after data, DXY hits highest in almost a month. USD/CAD rebounds from 1.3475 toward 1.3600. US and Canadian employment reports to be released on Friday. The USD/CAD is up on Thursday by more than a hundred pips booted by a … [Continue reading]
We look for another 50bp Fed rate increase in February – TD Securities
Commenting on the minutes of the Federal Reserve's December policy meeting, TD Securities analysts noted that officials remained in broad agreement about the need to push the policy stance further into restrictive territory in the near … [Continue reading]
USD/CAD sticks to gains above 1.3500 mark, holds comfortably above 100-day SMA
USD/CAD defends 100-day SMA and rebounds from a one-month low touched on Thursday. Looming recession risks weigh on investors’ sentiment and benefit the safe-haven greenback. An uptick in oil prices could underpin the Loonie and cap any meaningful … [Continue reading]
Gold Price Forecast: XAU/USD bulls keep sight on $1,865 ahead of US jobs data – Confluence Detector
Gold price struggling to find demand amid a pause in the US Dollar downside. Market mood turns cautious while US Treasury yields hover near weekly troughs. With the Fed Minutes out of the way, all eyes remain on US employment data. Gold price is … [Continue reading]
United States API Weekly Crude Oil Stock increased to 3.298M in December 30 from previous -1.3M
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 Forecast: Bulls poised to challenge six-month highs
XAU/USD Current price: $1,859.43 Chinese news continue to lead the market’s sentiment, spurring optimism on Wednesday. Easing government bond yields worldwide undermined demand for the US Dollar. XAU/USD recovered its firmly bullish stance and … [Continue reading]