Gold’s rebound hit a bit of a ceiling around Monday’s highs above $4,260, and that paved the way for a pullback below $4,200 on turnaround Tuesday.The dip comes as the US Dollar makes a modest push higher and Treasury yields send mixed signals: … [Continue reading]
USD/CHF Price Forecast: Looking for direction around 0.8050
The US Dollar remains practically flat around 0.8050 on Tuesday after whipsawing between 0.8070 and 0.8000 over the previous two trading days. The immediate trend remains bearish, from 0.8100 highs, but the long wicks in the daily chart highlight an … [Continue reading]
Spain Unemployment Change came in at -18.8K, below expectations (-12.4K) in November
Gold reverses an Asian session dip to sub-$4,200 levels and trades with modest losses just below the highest level since October 20, touched the previous day. The growing acceptance that the US Federal Reserve will lower borrowing costs … [Continue reading]
USD/CAD holds onto recovery move near 1.4000 despite firm dovish Fed bets
The USD/CAD pair clings to Monday’s recovery move to near 1.4010 during the Asian trading session on Tuesday. The Loonie pair bounced back on Monday as the US Dollar (USD) rebounded despite weak United States (US) ISM Manufacturing Purchasing … [Continue reading]
South Korea Consumer Price Index Growth (MoM) came in at -0.2%, above forecasts (-0.3%) in November
Gold is kicking off the week with a solid bid, even after easing back from earlier two-month highs above $4,260. Investors are growing more confident that another Fed rate cut is coming, thanks to a fresh run of dovish commentary from officials, and … [Continue reading]
USD/JPY Price Forecast: Bulls maintain control above 154.50 despite weakening momentum
USD/JPY trades on the defensive at the start of the week as the Japanese Yen (JPY) bulls regain control on the back of hawkish Bank of Japan (BoJ) signals. At the time of writing, the pair is hovering around 155.40, trimming a part of its earlier … [Continue reading]
CAD holds steady despite slight pullback against USD – Scotiabank
The Canadian Dollar (CAD) is down fractionally on the session against the US Dollar (USD) but losses are very modest and spot is all but unchanged in effect over the weekend, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. … [Continue reading]
United Kingdom M4 Money Supply (YoY) dipped from previous 3.6% to 3.5% in October
Bitcoin, Ethereum, and Ripple are off to a bearish start in December, with over 4% losses by press time on Monday. Bitcoin, Ethereum, and Ripple face renewed selling, risking further losses to $80,000 BTC, $2,100 ETH, and $1.90 XRP, … [Continue reading]
Top 3 Price Prediction: Bitcoin, Ethereum, XRP face major losses as December begins
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are off to a bearish start in December, with over 4% losses by press time on Monday. Bitcoin, Ethereum, and Ripple face renewed selling, risking further losses to $80,000 BTC, $2,100 ETH, and $1.90 XRP, … [Continue reading]
Japan Jibun Bank Manufacturing PMI came in at 48.7, below expectations (48.8) in November
Gold kicks off the new week on a softer note, eroding part of Friday's strong move up back toward the November swing high, though the downtick lacks bearish conviction. Dovish Fed expectations keep the USD depressed near its lowest level in nearly … [Continue reading]