US GDP Q1 revisions and increasing Jobless Claims affects USD negatively. Weekly Jobless Claims rose higher than expected. Markets look forward to PCE figures on Friday. On Thursday, the US Dollar Index (DXY) experienced a retreat after a sharp … [Continue reading]
US Dollar declines as markets digest GDP data from the US
US GDP Q1 revisions and increasing Jobless Claims affects USD negatively. Weekly Jobless Claims rose higher than expected. Markets look forward to PCE figures on Friday. On Thursday, the US Dollar Index (DXY) experienced a retreat after a sharp … [Continue reading]
Silver Price Forecast: XAG/USD takes support near $31, uncertainty is intact ahead of US Inflation
Silver price finds interim support near $31.00 as US Dollar corrects further. The US Dollar comes under pressure after revised estimate for Q1 US GDP showed that the economy grew at a slower pace of 1.3%. Silver price could fall on backfoot if it … [Continue reading]
NZD/USD extends its losses to near 0.6100 as risk aversion emerges
NZD/USD extends its losing streak following the NZ Yearly Budget on Thursday. New Zealand Treasury sees inflation falling to below 3% in Q3. The lower US Treasury yields put pressure on the US Dollar, limiting the downside of the pair. NZD/USD … [Continue reading]
Gold price recedes ahead of US GDP data
Gold price loses traction in Thursday’s Asian session. The downtick of the yellow metal is backed by the stronger USD and higher US yields. Gold traders await the US Q1 GDP data for fresh impetus and monitor the Middle East geopolitical … [Continue reading]
Japan Foreign Investment in Japan Stocks fell from previous ¥248.1B to ¥82.4B in May 24
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]
Crude Oil eases back on Wednesday, WTI falls back below $79 per barrel
Crude Oil markets decline as investment sentiment recedes. Midweek market flows shed weight as Treasuries squeeze out risk appetite. WTI stumbles after hitting three-week highs. West Texas Intermediate (WTI) US Crude Oil fell back on Wednesday, … [Continue reading]
GBP/USD Price Analysis: Slumps to fresh weekly lows as bears eye 1.2700
GBP/USD tumbles to new three-day low as ‘evening star’ chart pattern emerges. Buyers’ momentum begins to fade as RSI aims toward the 50-midline. If the pair drops below 1.2700, look for further losses; otherwise, bulls can challenge 1.2800. The … [Continue reading]
New Zealand Dollar moves below 0.6150 ahead of Fed’s Beige Book
NZD/USD extends losses as Fed’s Neel Kashkari stated that a rate hike might still be possible. The higher US Treasury yields contributed support for the US Dollar. ANZ Business Confidence Index fell to 11.2 in May, marking the lowest reading since … [Continue reading]
Germany GfK Consumer Confidence Survey above forecasts (-22.5) in June: Actual (-20.9)
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]