A Reuters poll revealed that the Bank of Mexico, also known as Banxico, is expected to keep interest rates steady at 7% at the March 26 meeting amid concerns about the Middle East war.If Banxico keeps rates unchanged, it would be the second … [Continue reading]
Ethereum Weekly Price Forecast: Early bullish momentum fades as Iran war weighs on markets
Ethereum price today: $2,130Ethereum staged a bullish move earlier in the week following institutional buying, whale accumulation and expanding derivatives appetite.Sustained Middle East war weighed on ETH, sparking a rejection near its realized … [Continue reading]
United States CFTC S&P 500 NC Net Positions increased to $-113.1K from previous $-134.5K
EUR/USD manages to pick up some pace and rebounds from earlier lows, revisiting the 1.1560 region on Friday, giving back part of Thursday’s ECB-driven rally. Meanwhile, the US Dollar trades with marked gains, supported by a cautious tone across … [Continue reading]
United States CFTC Gold NC Net Positions: $159.9K vs previous $163.1K
EUR/USD manages to pick up some pace and rebounds from earlier lows, revisiting the 1.1560 region on Friday, giving back part of Thursday’s ECB-driven rally. Meanwhile, the US Dollar trades with marked gains, supported by a cautious tone across … [Continue reading]
Eurozone CFTC EUR NC Net Positions down to €21.1K from previous €105.1K
EUR/USD manages to pick up some pace and rebounds from earlier lows, revisiting the 1.1560 region on Friday, giving back part of Thursday’s ECB-driven rally. Meanwhile, the US Dollar trades with marked gains, supported by a cautious tone across … [Continue reading]
United States CFTC Oil NC Net Positions fell from previous 228K to 218.7K
EUR/USD manages to pick up some pace and rebounds from earlier lows, revisiting the 1.1560 region on Friday, giving back part of Thursday’s ECB-driven rally. Meanwhile, the US Dollar trades with marked gains, supported by a cautious tone across … [Continue reading]
United Kingdom CFTC GBP NC Net Positions increased to £-65.5K from previous £-84.2K
EUR/USD manages to pick up some pace and rebounds from earlier lows, revisiting the 1.1560 region on Friday, giving back part of Thursday’s ECB-driven rally. Meanwhile, the US Dollar trades with marked gains, supported by a cautious tone across … [Continue reading]
Gold set for third weekly loss as ‘higher-for-longer’ interest rate outlook weigh
Gold (XAU/USD) extends losses on Friday following a sharp two-day decline that pushed prices to their lowest level since early February, near the $4,500 mark. The drop comes as markets increasingly price in a 'higher-for-longer' global interest rate … [Continue reading]
Canada Retail Sales (MoM) came in at 1.1% below forecasts (1.5%) in January
Gold price holds the rebound near $4,700, snapping a seven-day losing streak in the European session on Friday. The precious metal edges higher as markets look to stabilize amid the ongoing Middle East conflict. Gold also sees some … [Continue reading]
Forex Today: Major pairs stabilize as markets assess central bank policy outlooks
Here is what you need to know on Friday, March 20:The trading action in financial markets turns relatively subdued on Friday as investors assess the policy decisions by major central banks. The US economic calendar will not feature any high-tier … [Continue reading]