Gold price dips below $2,570 head for an over 4% weekly decline. Jerome Powell indicates the Fed is cautious about cutting rates despite positive US economic indicators. Investors adjust expectations for a December rate cut, with likelihood dropping … [Continue reading]
Canadian Dollar sheds further weight, slides into fresh multi-year lows
The Canadian Dollar continued its march lower on Friday. Canada remains inconsequential on the economic calendar. CAD traders to wait for next Tuesday’s Canadian CPI print. The Canadian Dollar (CAD) found fresh lows on Friday as broader markets … [Continue reading]
United Kingdom CFTC GBP NC Net Positions up to £56.1K from previous £45.1K
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]
Australia CFTC AUD NC Net Positions fell from previous $31K to $29.8K
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/USD Price Forecast: Stumbles on soft UK data, bears target 1.2600
GBP/USD remains under pressure, testing significant support levels after crossing below the 200-day SMA. Further downside may see the pair target 1.2600 and potentially extend to May's low of 1.2445. Recovery above 1.2700 could challenge resistance … [Continue reading]
US Dollar retreats as traders opt to take profits following Trump trade rally
The Greenback trades on the back foot, giving back Thursday’s gains. Fed Chairman Jerome Powell surprised markets by casting doubts over December’s interest-rate cut. The US Dollar index falls back to the mid-106 level and could face … [Continue reading]
Turkey Budget Balance down to -186.27B in October from previous -100.5B
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]
Gold price struggles to gain ground on bullish US Dollar, US PPI data looms
The gold price trades with a negative bias in Friday’s Asian session. The firmer USD, expectation of a slower pace of Fed rate cuts, exert selling pressure on the Gold price. The US Retail Sales report for October will take center stage … [Continue reading]
Gold slips on Powell remarks of no rush to lower rates
XAU/USD remains subdued under the weight of a strengthening Dollar and recent US inflation data. Producer Price Index exceeds expectations, suggesting Fed easing cycle might be reconsidered. Investors recalibrate expectations for December Fed rate … [Continue reading]
EUR/USD Price Forecast: Looses should accelerate on a breach of 1.0500
EUR/USD briefly weakened below the 1.0500 support to hit new YTD lows. Further gains lifted the US Dollar to fresh 2024 peaks despite lower yields. US Producer Prices ticked higher in October, while weekly Claims were firm. EUR/USD stayed under … [Continue reading]