Gold continues to fluctuate in a narrow range near $1,770. The yellow metal needs a weekly close above the 200-Day Moving Average (DMA) at $1,796 to see further gains, strategists at Credit Suisse report. Move below support at $1,729 to ease the … [Continue reading]
Greece Gross Domestic Product s.a (YoY) dipped from previous 7.7% to 2.8% in 3Q
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]
GBP/JPY Price Analysis: Bulls eye another battle with 167.30 hurdle
GBP/JPY picks up bids to reverse the previous day’s pullback from one-week high. Bullish MACD signals, sustained bounce off 21-SMA favor buyers. 200-SMA, five-week-old descending trend line challenge upside moves. GBP/JPY picks up bids to print mild … [Continue reading]
AUD/JPY breaks above 91.70 despite Australian GDP trims to 5.9%
AUD/JPY has attempted a break above the 91.70 hurdle despite weaker-than-projected Australian GDP data. The annual and quarterly Australian GDP has declined to 5.9% and 0.6% respectively. A decline in China’S inflation would propel PBOC to announce … [Continue reading]
Forex Today: US Dollar takes advantage of a dismal market mood
What you need to take care of on Wednesday, December 7: Financial markets remained risk-averse, helping the US Dollar to advance on Tuesday. The American currency shed some ground throughout the first half of the day, but gathered momentum after Wall … [Continue reading]
EUR/USD tumbles below 1.0500 on risk-off mood, despite upbeat Factory Orders in Germany
Trade Balance in the United States shows the deficit widening, a headwind for the US Dollar. Factory Orders in Germany kept the Euro buoyant amid a gloomy outlook. Federal Reserve and European Central Bank December meetings to keep the pair in … [Continue reading]
New Zealand: Building work put in place in Q3 – Westpac
Analysts at Westpac provide their first impressions of New Zealand’s construction sector activity report for the third quarter. Key quotes “Construction activity has continued to charge higher, with the amount of building work put in place rising by … [Continue reading]
GBP/USD drops below 1.2200 as investors see Fed’s interest rate peak at 5.75%
GBP/USD has surrendered the psychological support of 1.220 amid negative market sentiment. The US Dollar is aiming higher as investors are expected that Fed’s interest rate will peak around 5.50-5.75%. Upbeat UK consumer spending is going to create … [Continue reading]
BoJ’s Kuroda: Once 2% inflation target is consistently met, will consider exiting ultra-loose policy
Bank of Japan (BoJ) Governor Haruhiko Kuroda made some comments on exiting its ultra-loose monetary policy during his appearance on Tuesday. Additional comments BoJ has acknowledged upside inflationary risks. Japan likely to see wages rise in next … [Continue reading]
Silver Price Analysis: XAG/USD plummets from 8-month highs to $22.20s
Silver price plunges 3.74%, on high US Treasury yields, back below $22.30. Silver Price Analysis: A daily close below $22.24 would exacerbate a fall further; otherwise, a re-test of $23.00 is possible. Silver price collapsed from around $23.51 daily … [Continue reading]