Gold (XA/USD) surges during the North American session on Friday, up 0.30% despite rising US Treasury bond yields and of the US Dollar, which is poised to finish the week with modest gains of 0.25%. At the time of writing, XAU/USD trades at $4,344 … [Continue reading]
Forecasting the upcoming week: Winter Holiday blues after Central Banks’ frenzy
The US Dollar Index (DXY) is on a three-day winning streak, although gains are modest, the index is heading into the weekly close near the 98.60 price region, after a softer-than-expected United States (US) Consumer Price Index (CPI) was released on … [Continue reading]
United States Baker Hughes US Oil Rig Count down to 406 from previous 414
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]
Canada New Housing Price Index (YoY) fell from previous -1.8% to -1.9% in November
Bitcoin, Ethereum, and Ripple are extending their correction phases after losing nearly 3%, 8%, and 10%, respectively, through Friday. The pullback phase is further strengthened as the upcoming Bank of Japan’s rate decision on Friday weighs on … [Continue reading]
USD/JPY pulls back after 157.90 rejection – Société Générale
USD/JPY has retreated from strong resistance near 157.90 but remains supported above the 50-day moving average, with near-term price action likely to stay rangebound unless a clear break above 156.95 triggers renewed upside momentum, Société … [Continue reading]
Gold Forecast: XAU/USD seems vulnerable as USD bulls shrug off softer US CPI
Gold (XAU/USD) extends the previous day's late pullback from the vicinity of the record high and attracts some follow-through selling during the Asian session on Friday. The US Consumer Price Index (CPI) report released on Thursday pointed to cooling … [Continue reading]
Australia Private Sector Credit (YoY) up to 7.4% in November from previous 7.3%
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 losses shine as Fed-cut bulls assess how dovish soft CPI is
Gold (XAU/USD) erases earlier gains on Thursday after the non-yielding metal approached the all-time high (ATH) following the release of a weaker than expected inflation report in the US. XAU/USD trades at $4,335 after bouncing off daily lows of … [Continue reading]
United States EIA Natural Gas Storage Change came in at -167B, above forecasts (-169B) in December 12
The EUR/USD pair hovered around 1.1750 but is still unable to conquer the price zone. The European Central Bank left interest rates unchanged, as expected, upwardly revising growth figures. The US CPI rose 2.7% YoY in November, down from the 3.1% … [Continue reading]
Pound Sterling underperforms as BoE looks set to cut interest rates
The Pound Sterling (GBP) trades lower against its major currency peers on Thursday ahead of the Bank of England’s (BoE) interest rate decision, which will be announced at 12:00 GMT.The BoE is widely anticipated to cut interest rates by 25 basis … [Continue reading]