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 continues recovery rebound, WTI reclaims $72.50
Share: WTI edged back over $72.50 on Thursday as Crude Oil tries to recover more ground. Crude markets remain steeply off recent highs. Investors remain skeptical that production caps will undercut global demand declines. West Texas Intermediate … [Continue reading]
United States EIA Natural Gas Storage Change came in at -55B, below expectations (-54B) in December 8
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]
Portugal Consumer Price Index (MoM): -0.3% (November)
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]
Japanese Yen trims a part of strong intraday gains; USD/JPY recovers from multi-month low
Share: The Japanese Yen rallies to a fresh multi-month peak against the USD on Thursday. Hopes for a BoJ pivotl boost the JPY and drag USD/JPY closer to sub-141.00 levels. The post-FOMC USD selling bias further contributes to the steep … [Continue reading]
USD/CAD attracts some sellers below 1.3500, eyes on US Retail Sales, BoC’s Macklem speech
Share: USD/CAD loses ground around 1.3488 after the Federal Reserve's (Fed) meeting. As widely expected, the Fed maintained the Fed funds target range steady at its December meeting. A rebound in oil prices lends some to the commodity-linked … [Continue reading]
US Dollar extends losses after Powell’s presser
Share: The DXY Index declined to 102.90. As expected, the Fed decided to hold rates steady at the 5.25-5.50% range and confirmed that there won't be any more hikes. Interest rate projections were revised lower, weighing on the US yields and the … [Continue reading]
Canadian Dollar churns as markets gear up for last US Fed rate call of 2023
Share: Canadian Dollar is set for a bumpy ride as markets face down one last appearance from Fed Chair Powell. FOMC updates Dot Plot as investors hope for a firm path toward rate cuts in 2024. CAD catches a supporting bid from rising Crude Oil, WTI … [Continue reading]
Gold wavers near recent lows with all eyes on Fed decision
Share: Gold prices consolidate losses as investors wait for the Fed. Strong employment and sticky inflation have cooled hopes of a Fed pivot. XAU/USD is hovering right above an important support area. Gold prices (XAU/USD) remain practically flat … [Continue reading]
Ripple holders wary of final push in US crypto legislation, XRP price resists drop to $0.55
Share: XRP price is likely to decline to the imbalance zone at $0.55, before a rebound in the altcoin. Pro-XRP attorney John Deaton slammed US Senator Elizabeth Warren’s crypto bill. Ripple is battling selling pressure amidst regulatory … [Continue reading]