Gold (XAU/USD) extends the previous day's late pullback from the vicinity of the record high and attracts some follow-through selling during the Asian session on Friday. The US Consumer Price Index (CPI) report released on Thursday pointed to cooling … [Continue reading]
Australia Private Sector Credit (YoY) up to 7.4% in November from previous 7.3%
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 losses shine as Fed-cut bulls assess how dovish soft CPI is
Gold (XAU/USD) erases earlier gains on Thursday after the non-yielding metal approached the all-time high (ATH) following the release of a weaker than expected inflation report in the US. XAU/USD trades at $4,335 after bouncing off daily lows of … [Continue reading]
United States EIA Natural Gas Storage Change came in at -167B, above forecasts (-169B) in December 12
The EUR/USD pair hovered around 1.1750 but is still unable to conquer the price zone. The European Central Bank left interest rates unchanged, as expected, upwardly revising growth figures. The US CPI rose 2.7% YoY in November, down from the 3.1% … [Continue reading]
Pound Sterling underperforms as BoE looks set to cut interest rates
The Pound Sterling (GBP) trades lower against its major currency peers on Thursday ahead of the Bank of England’s (BoE) interest rate decision, which will be announced at 12:00 GMT.The BoE is widely anticipated to cut interest rates by 25 basis … [Continue reading]
EUR/USD Forecast: Euro stabilizes near 1.1750 as focus shifts to ECB, US data
After spending the first half of the day under bearish pressure on Wednesday, EUR/USD stage a late rebound to close marginally lower. The pair stays quiet near 1.1750 in the European morning on Thursday as investors stay on the sidelines ahead of the … [Continue reading]
Silver Price Forecast: XAG/USD moves away from all-time peak, slides below $66.00 mark
Silver (XAG/USD) attracts some sellers during the Asian session on Thursday and currently trades around the $65.75-$65.70 region, down over 1% for the day. The white metal, however, remains well within striking distance of the all-time peak touched … [Continue reading]
Ethereum Price Forecast: ETH shorts decrease amid rising liquidations
Ethereum price today: $2,830Ethereum's short open interest has contracted in the past few weeks following the October 10 crash.ETH exchange reserves have declined to their lowest level since 2016.ETH could fall to $2,626 if it fails to bounce at the … [Continue reading]
Bearish sentiment weighs on XRP as ETF inflows exceed $1 billion
Ripple (XRP) is holding above $1.90, a short-term support, as headwinds intensify in the broader crypto market on Wednesday. Low retail interest and bearish technical signals continue to overwhelm mild inflows into XRP spot Exchange Trade Funds … [Continue reading]
EUR/JPY jumps above 182.00 as Japanese Yen underperforms, ECB-BoJ policy eyed
The EUR/JPY pair is up 0.25% to near 182.15 during the European trading session on Wednesday. The pair trades higher as the Japanese Yen (JPY) underperforms its major pairs, despite traders remaining confident that the Bank of Japan (BoJ) will raise … [Continue reading]