Gold comes under renewed selling pressure on Thursday, slipping back below the $4,400 mark per troy ounce, setting aside at the same time two consecutive days of gains. Concerns that higher energy prices linked to the Middle East crisis could fuel … [Continue reading]
USD/CHF Price Forecast: Bullish momentum builds as the pair challenges the 200-day SMA
USD/CHF extends gains on Thursday as broad-based US Dollar (USD) strength persists amid rising Middle East tensions, while the Swiss Franc (CHF) struggles to gain traction as traders remain cautious about potential intervention from the Swiss … [Continue reading]
United States Continuing Jobless Claims below forecasts (1.86M) in March 13: Actual (1.819M)
The US is fast-tracking boots on the ground, with nearly 8,000 additional Marines and sailors moving into the theatre. The USS Boxer Amphibious Ready Group has already arrived ahead of schedule with roughly 4,000 personnel, set to link up with the … [Continue reading]
Spain Gross Domestic Product (YoY) registered at 2.7% above expectations (2.6%) in 4Q
The US is fast-tracking boots on the ground, with nearly 8,000 additional Marines and sailors moving into the theatre. The USS Boxer Amphibious Ready Group has already arrived ahead of schedule with roughly 4,000 personnel, set to link up with the … [Continue reading]
USD/CAD extends rally to near 1.3830 amid uncertainty over Middle East conflicts
The USD/CAD pair extends its winning streak for the fourth trading day on Thursday and jumps to near 1.3830 during the Asian trading session, the highest level seen in two months.The Loonie pair trades firmly as the US Dollar (USD) rises amid … [Continue reading]
Ethereum Price Forecast: Whale accumulation continues, but US interest declines
Ethereum price today: $2,160Whales are accumulating ETH heavily from exchanges, with their collective balance jumping by 850K ETH over the weekend.US investor sentiment around ETH has weakened following declines in the Coinbase Premium and sustained … [Continue reading]
India: New GDP series challenges growth narrative – Societe Generale
Societe Generale’s Kunal Kundu argues that India’s new GDP series points to weaker historical growth and softer domestic demand than previously reported. The revision suggests earlier real GDP and consumption were significantly overstated, aligning … [Continue reading]
Gold extends recovery as Oil prices pull back on US-Iran ceasefire hopes
Gold (XAU/USD) extends its recovery on Wednesday after falling to four-month lows earlier this week, as early buyers step in following a sharp selloff. The rebound comes as cautious optimism around diplomatic efforts in the ongoing US-Iran conflict … [Continue reading]
USD/JPY: Range breakout risk grows – Societe Generale
Societe Generale analysts highlight USD/JPY pressing the upper end of its multi-year range, with resistance at 159.90 and key support at the 50-day moving average near 156.50. They note that a sustained move above 159.90 could open the way toward the … [Continue reading]
AUD/JPY Price Forecast: Softens below 111.00, but mildly bullish tone prevails
The AUD/JPY cross extends the decline to near 110.85 during the early European session on Wednesday. The Australian Dollar (AUD) softens against the Japanese Yen (JPY) amid cooler-than-expected Australian inflation data and uncertainty … [Continue reading]