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 creeps higher as US Treasury yields rise
Gold gains more than 0.30% despite pressure from high US Treasury yields. Hawkish remarks from Fed officials, including Governor Michelle Bowman, temper Gold's rise. XAU/USD traders are eyeing the release of US core PCE inflation data. Gold price … [Continue reading]
Gold recovers earlier losses as USD weakens
Gold recoups earlier losses as US Dollar continues weakening, safe-haven demand. Gold imports to China, its largest market, fell by 38% in April. XAU/USD is probably forming a Bear Flag continuation pattern. Gold (XAU/USD) recovers … [Continue reading]
Natural Gas slides lower with Netanyahu facing international disapprovement
Natural Gas prices slide over 2% amid reports that Israeli opposition parties discuss plans to oust Prime Minister Benjamin Netanyahu. Ireland, Norway and Spain have officially recognized the Palestinian state as strikes over Rafah … [Continue reading]
Forex Today: US Dollar struggles to gain traction ahead of confidence data, Fedspeak
Here is what you need to know on Tuesday, May 28: The US Dollar (USD) is having a hard time finding demand early Tuesday after weakening modestly against its major rivals on Monday. Housing Price Index for March, Conference Board's … [Continue reading]
Fed policymakers on the radar, as US PCE inflation looms
Commentary from Fed officials on interest rates and inflation outlook will be closely scrutinized this week. Fedspeak could help reverberate the market expectations for a September rates on-hold decision. Fed rate outlook could significantly impact … [Continue reading]
Ethereum investors confident of rally as ETH developers schedule Pectra upgrade for Q1 2025
Ethereum bulls push ETH's price as Fear and Greed Index shows investors' overconfidence. Michael Saylor changes perspective, now believes spot ETH ETFs are net positive for Bitcoin. Ethereum Pectra upgrade scheduled to launch in Q1 2025. Ethereum … [Continue reading]
Canadian Dollar climbs against holiday-weakened Greenback
Canadian Dollar climbs over Greenback but gives mixed Monday performance. Canada brings little of note to the economic calendar until Friday’s GDP release. Memorial Day holiday keeps US markets dark, leaves market volumes thin. The Canadian Dollar … [Continue reading]
AUD/USD jumps to 0.6650 ahead of Aussie Retail Sales data
AUD/USD moves higher to 0.6650 ahead of crucial Australian economic data. Investors expect that the Fed will consider rate cuts in the last quarter of this year. Fed policymakers emphasize the need to maintain interest rates at restrictive levels. … [Continue reading]
Silver Price Forecast: XAG/USD surges to near $31.00 amid escalated geopolitical tensions
Silver price advances due to escalated geopolitical tensions in the Middle East. Israeli strikes in Rafah on Sunday killed at least 35 people, intensifying pressure surrounding the conflict in Gaza. The subdued US Dollar reinforces the strength … [Continue reading]