GBP/USD remains well bid in line with the rest of its risk-linked peers, orbiting around the 1.3230 zone as Monday’s NA session draws to a close. In the meantime, Cable’s rebound comes amid a generalised improvement in the risk complex, although … [Continue reading]
Gold slips from $4,700 as Iran deal doubts boost oil, Dollar
Gold (XAU/USD) price recoiled during the North American session on Monday after hitting a daily high of $4,706, but news that an agreement between the US and Iran seems unlikely, along with military preparations for potential strikes, drove the … [Continue reading]
United States ISM Services New Orders Index rose from previous 58.6 to 60.6 in March
Markets are beginning to flirt with the idea of a peace dividend. Equities are lifting as the possibility of a 45-day ceasefire circulates through the tape, while crude eases back as the immediate risk premium gets trimmed. It is a familiar … [Continue reading]
Silver Price Forecast: XAG/USD rebounds to near $73.50 on Middle East ceasefire odds
Silver price (XAG/USD) holds gains after recovering daily losses, trading around $73.30 per troy ounce during the European hours on Monday. Non-interest-bearing Silver finds support as traders price in easing hawkish odds surrounding the Federal … [Continue reading]
India HSBC Composite PMI came in at 57, above expectations (56.5) in March
Looking at the weekly chart, the US Dollar has traded in a choppier, more volatile fashion, struggling to build on the strong gains seen the previous week. As has been the case lately, markets have remained cautious, with uncertainty around the … [Continue reading]
EUR/USD edges lower to near 1.1500 as robust US jobs data, Middle East tensions support US Dollar
The EUR/USD pair trades with mild gains around 1.1515 during the early Asian session on Monday. The stronger-than-expected US jobs data and heightened uncertainty in the Middle East boost demand for the US Dollar (USD) as a … [Continue reading]
United States CFTC Gold NC Net Positions down to $163.2K from previous $168.3K
When a currency weakens too quickly, central banks often step in. The objective is clear: stabilise markets, restore confidence, and if possible, reverse the move. But history suggests the reality is more complex. Intervention can slow a … [Continue reading]
United Kingdom CFTC GBP NC Net Positions up to £-52.7K from previous £-58.4K
When a currency weakens too quickly, central banks often step in. The objective is clear: stabilise markets, restore confidence, and if possible, reverse the move. But history suggests the reality is more complex. Intervention can slow a … [Continue reading]
United States CFTC Oil NC Net Positions fell from previous 233.6K to 213.5K
When a currency weakens too quickly, central banks often step in. The objective is clear: stabilise markets, restore confidence, and if possible, reverse the move. But history suggests the reality is more complex. Intervention can slow a … [Continue reading]
Eurozone CFTC EUR NC Net Positions down to €0.5K from previous €9.3K
When a currency weakens too quickly, central banks often step in. The objective is clear: stabilise markets, restore confidence, and if possible, reverse the move. But history suggests the reality is more complex. Intervention can slow a … [Continue reading]