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]
USD/CAD loses ground after hot PPI data from the US
Share: USD/CAD bulls got rejected at the 200-day SMA and retreated near the 1.3420 area, still poised for a weekly gain US PPI rose to 2.4% YoY in July, higher than expected. Higher Oil prices help the CAD trade strong against most of its rivals. … [Continue reading]
Gold Price Forecast: A break of the $1,900 level could trigger a fresh sell-off – ANZ
Share: Gold price fell to $1,920 after rising towards $1,980 in July. Economists at ANZ Bank analyze XAU/USD technical outlook. In a bearish trend The technical chart shows a broad bearish trend is continuing, with Relative Strength Index (RSI) … [Continue reading]
Silver Price Analysis: XAG/USD hangs near one-month low, seems vulnerable to slide further
Share: Silver struggles to gain any meaningful traction for the second straight day on Friday. The technical setup supports prospects for an extension of a multi-week downtrend. Attempted recovery is likely to remain capped near the $23.30 support … [Continue reading]
S&P500 Futures print mild gains, yields pare the biggest daily jump in week as peak rates are in sight
Share: Market sentiment improves amid gradually firming bias about no rate hikes from major central banks. RBA’s Lowe, polls on ECB and RBNZ joins Fed talks to suggest an end of hawkish cycle. Mixed concerns about China, cautious mood ahead of more … [Continue reading]
EUR/USD volatile amid US inflation data release, as US bond yields surged
Share: EUR/USD surged to a weekly high of 1.1065 after the release of the US inflation data. US CPI came softer than expected, spurring traders to slash their bets on further Fed tightening. EUR/USD traders focus on the US PPI release and the … [Continue reading]
Gold Price Forecast: XAU/USD clings to minuscule gains after US inflation report
Share: Gold price surged from its lows of around $1913.02 after US inflation data. The July inflation report revealed a 3.2% YoY rise in CPI, below forecasts and June’s 3%. Core CPI, which strips out volatile items, climbed by 4.7% YoY – a tad … [Continue reading]
US Inflation Analysis: Data cements end of hiking cycle, markets may take time to reflect it
Share: Underlying US inflation has edged down to 4.7% YoY in June, temporarily cheering markets. The US Dollar is set for a short-term recovery due to pre-release tumbling. Looking toward the next Federal Reserve decision, the Greenback has room to … [Continue reading]
USD/TRY to reach 30.00 by year-end – Commerzbank
Share: The Turkish Lira still appears to be kept stable by policymakers. But, rate hikes have lagged market expectations and inflation has begun to re-accelerate. Subsequently, economists at Commerzbank have revised up their USD/TRY forecast. … [Continue reading]
AUD/USD advances back closer to mid-0.6500s, traders keenly await US CPI report
Share: AUD/USD regains some positive traction on Thursday, albeit lacks follow-through. China’s economic woes hold back bulls from placing fresh bets around the major. Bets for more Fed rate hikes underpin the USD and contribute to capping the … [Continue reading]