Gold price pulls away from a fresh multi-month top amid a modest US Dollar strength. Bets for smaller rate hikes by Federal Reserve, recession fears should help limit losses. Traders now look to the Advance GDP report from the United States for some … [Continue reading]
NZD/USD Price Analysis: Volatility squeezes as focus shifts to US GDP
NZD/USD is displaying back-and-forth action ahead of US GDP data. The USD Index is aiming to build a cushion around 101.20 despite the risk-on market mood. The Ascending Triangle formation is indicating a squeeze in volatility. The NZD/USD pair is … [Continue reading]
CFTC commissioner calls for enhanced authority over crypto as Senator Warren backs SEC and Gensler
CFTC Commissioner, Kristin Johnson, is looking to introduce and establish new cryptocurrency rules. Johnson also suggested the agency should have the authority to engage in due diligence to fulfill customer protection and market integrity. Senator … [Continue reading]
Bitcoin price eyes $25,000 as Goldman Sachs ranks BTC as the best-performing asset of 2022
Bitcoin price is hovering at the cusp of critical support, trading at $22,640. According to Goldman Sachs, Bitcoin emerged as the asset with the highest risk-adjusted return of 3.1. The ranking placed Bitcoin above the likes of Gold, the US 10-year … [Continue reading]
Russia Producer Price Index (YoY) dipped from previous -1.9% to -3.3% in December
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 Index Price Analysis: Upside capped by 103.00 so far
The index remains within a range bound theme around 102.00. Bullish attempts face immediate hurdle near the 103.00 mark. DXY extends the side-lined mood for yet another day near the 102.00 zone on Wednesday. Further range bound should not be ruled … [Continue reading]
Gold Price Forecast: XAU/USD correction could see a retest of the $1,900 barrier
Gold price returns to the red. As FXStreet’s Dhwani Mehta notes, $1,940 is a tough nut to crack for XAU/USD bulls. Gold price could be briefly punished “Gold sellers need a daily closing below the lower boundary of the rising wedge formation, now at … [Continue reading]
S&P 500 Futures trace Wall Street’s clues, US Treasury yields stay pressured amid lackluster markets
Market sentiment remains mixed as traders brace for next week’s Fed meeting after mixed PMIs. Cautious mood ahead of US Q4 GDP joins blackout periods at Fed, ECB to restrict market moves. S&P 500 Futures extends pullback from six-week high, US … [Continue reading]
NZ CPI beats expectations and NZD/USD pops to session highs of 0.6525
The Consumer Price Index released by the Statistics New Zealand is out as follows: New Zealand Q4 inflation 1.4% QoQ (expected 1.3%) 7.2% YoY (expected 7.1%) New Zealand's consumer price index (CPI) rose 1.4% in the fourth quarter on … [Continue reading]
United States 52-Week Bill Auction: 4.47% vs previous 4.515%
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]