The AUD/USD pair edges lower during the North American session on Friday, poised to remain sideways within key technical support and resistance levels, with the 20-day Simple Moving Average (SMA) at 0.7187 and the 50-day SMA at 0.7095. At the time of … [Continue reading]
ASEAN-6 inflation: Pipeline pressures and rate risks – DBS
DBS Group Research economists Radhika Rao and Chua Han Teng highlight that ASEAN-6 economies are experiencing asymmetric inflation outcomes despite a common energy shock. Indonesia and Malaysia show relatively contained inflation, while Thailand, … [Continue reading]
Japan CFTC JPY NC Net Positions declined to ¥-93.9K from previous ¥-75.1K
Gold trades lower for the second consecutive day on Friday, although price action remains broadly confined within recent ranges, with downside attempts still finding support around the $4,500 region per troy ounce. Market volatility stays relatively … [Continue reading]
United States CFTC Oil NC Net Positions climbed from previous 169.9K to 172.6K
Gold trades lower for the second consecutive day on Friday, although price action remains broadly confined within recent ranges, with downside attempts still finding support around the $4,500 region per troy ounce. Market volatility stays relatively … [Continue reading]
United States CFTC Gold NC Net Positions fell from previous $171.6K to $159.8K
Gold trades lower for the second consecutive day on Friday, although price action remains broadly confined within recent ranges, with downside attempts still finding support around the $4,500 region per troy ounce. Market volatility stays relatively … [Continue reading]
United Kingdom CFTC GBP NC Net Positions declined to £-64.3K from previous £-43.1K
Gold trades lower for the second consecutive day on Friday, although price action remains broadly confined within recent ranges, with downside attempts still finding support around the $4,500 region per troy ounce. Market volatility stays relatively … [Continue reading]
Australia CFTC AUD NC Net Positions climbed from previous $85K to $85.6K
Gold trades lower for the second consecutive day on Friday, although price action remains broadly confined within recent ranges, with downside attempts still finding support around the $4,500 region per troy ounce. Market volatility stays relatively … [Continue reading]
Fed’s Warsh says he will lead reform at the Fed
Freshly-minted Federal Reserve (Fed) Chair Kevin Warsh delivered his first public speech as head of the Fed on Friday, delivering his key talking points after being sworn in.Key Warsh highlightsOurs is a time of great consequenceNot naive about … [Continue reading]
Canada Retail Sales (MoM) came in at 0.9%, above forecasts (0.6%) in March
After recording its strongest week in two months, the US dollar traded in a consolidative manner this week, with the dollar index oscillating between 98.80 and 99.40. The greenback started Monday on a strong footing following fresh Middle East … [Continue reading]
Germany IFO – Business Climate came in at 84.9, above expectations (84.2) in May
Bitcoin, Ethereum, and Ripple extend their recovery after recent corrective moves. BTC is trading above $77,700 after finding support around major levels, and ETH is near the key resistance zone, where a breakout could trigger further rebounds. … [Continue reading]