Share: WTI price moves upward over the escalation of the Israel-Gaza conflict. US and UK military forces have carried out air strikes against various Houthi locations in Yemen. Iran has captured a civilian oil tanker “Marshall Islands-flagged St … [Continue reading]
Gold Price Forecast: XAU/USD recovers some lost ground above $2,030, focus on Chinese CPI, PPI data
Share: Gold price trades in negative territory for the second consecutive week near $2,030. The US Consumer Price Index (CPI) report came in higher than expected on Thursday. Futures traders see the Federal Reserve (Fed) potentially delaying its … [Continue reading]
NZD/JPY rises to fresh highs since early December, consolidation incoming
Share: NZD/JPY pair currently posts minor losses at 90.70. Daily RSI hovers in the bullish area while the MACD's histogram exhibits signs of slowing buyer momentum. Indicators in the four-hour chart are decelerating. On Thursday's session, the … [Continue reading]
Silver Price Analysis: XAG/USD falls below $23 after stubbornly higher US Inflation report
Share: Silver price skids below $23.00 as US Inflation remains stubbornly higher-than-projected. Monthly headline and core inflation grew by 0.3%. The argue in favour of keeping a restrictive policy stance would get strengthen ahead. Silver price … [Continue reading]
EUR/PLN to settle below 4.34 – ING
Share: The Polish Zloty (PLN) has suffered in recent days. Economists at ING analyze PLN outlook. PLN is now the only currency in the CEE region supported by higher rates PLN is now the only currency in the CEE region supported by higher rates. On … [Continue reading]
GBP/USD Price Analysis: The key upside barrier is seen at the 1.2800–1.2805 zone
Share: GBP/USD gains ground near 1.2765, up 0.25% on the day. The bullish outlook of the pair remains intact above the key EMA; the RSI indicator stands in bullish territory above 50. The key resistance level is seen at the 1.2800–1.2805 zone; … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1087 vs. 7.1055 previous
Share: On Thursday, the People’s Bank of China (PBoC) sets the USD/CNY central rate for the trading session ahead at 7.1087 as compared to the previous day's fix of 7.1055 and 7.1667 Reuters estimates. Source … [Continue reading]
Breaking: US SEC approves Bitcoin Spot ETF
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]
Swiss Franc weakens against Pound after Bailey reiterates inflation mission
Share: The Swiss Franc declines versus the Pound Sterling after BoE governor Bailey insists on significance of lowering inflation. Bailey said households were coping better than expected and wages were rising. The GBP/CHF gains for seventh … [Continue reading]
Oil steady while EIA sees exceeding demand outstripping in 2024
Share: WTI Oil steadies near $72 after a positive close on Tuesday. Overnight API was a chunky drawdown of over 5 million barrels. The DXY US Dollar Index holds above 102.00, while traders keep powder dry ahead of Thursday’s US … [Continue reading]