Gold is back under pressure on Thursday, slipping back towards the $4,800 region per troy ounce. A firmer US Dollar is weighing on the yellow metal, even as the broader mood remains risk off. That said, falling US Treasury yields across the curve are … [Continue reading]
Gold slides nearly 2% as US Dollar strength triggers fresh liquidation
Gold price (XAU/USD) tumbles during the North American session on Thursday as precious metals continue their liquidation mode, while the Greenback recovers some ground amid worse-than-expected economic data in the US. Two major central banks held … [Continue reading]
ECB Press Conference: Lagarde speaks on policy outlook after holding rates unchanged in February
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the February policy meeting and responds to questions from the press.Follow FXStreet's ECB Live Coverage hereECB press … [Continue reading]
United Kingdom S&P Global Construction PMI: 46.4 (January) vs 40.1
Zcash, Stacks, and BNB (formerly Binance Coin) are among the biggest losers over the last 24 hours as Bitcoin approaches $72,000. The correction is driven by multiple factors, including massive, steady outflows from institutions and large-wallet … [Continue reading]
Singapore Retail Sales (MoM): -5.4% (December) vs previous 0%
Zcash, Stacks, and BNB are among the biggest losers over the last 24 hours as Bitcoin approaches $72,000 on Thursday. The correction is driven by multiple factors, including massive, steady outflows from institutions and large-wallet investors, … [Continue reading]
USD/JPY climbs above 156.50 amid Japan’s fiscal concerns
The USD/JPY pair extends the rally to around 156.85 during the early Asian session on Thursday. The Japanese Yen (JPY) weakens to a two-week low against the US Dollar (USD) amid concern over Japan's fiscal health under Prime Minister Sanae Takaichi's … [Continue reading]
Forex Today: USD surges amid shutdown resolution, mixed US data
Here is what you need to know on Thursday, February 5:United States (US) ADP Employment Change report revealed that the private sector added 22K jobs in January, falling short of expectations of 48K. Meanwhile, the ISM Services Purchasing Managers’ … [Continue reading]
United States EIA Crude Oil Stocks Change below forecasts (-2M) in January 30: Actual (-3.455M)
Bitcoin rises above $76,000 following an extended decline to $72,946 the previous day as Fed-related headlines keep investors on edge. Ethereum advances toward the $2,300 hurdle amid low retail interest, with futures Open Interest falling to $26.3 … [Continue reading]
USD/INR trades cautiously as US-India trade deal improves FIIs sentiment
The Indian Rupee (INR) demonstrates strength against the US Dollar (USD) on Wednesday, with the USD/INR pair holding onto losses near 90.55.The near-term trend of the pair seems fragile as the broader outlook of the Indian Rupee has improved, … [Continue reading]
Gold: Strong rebound after sharp declines – UOB
Gold prices rebounded strongly on Tuesday, reversing previous declines. The price rose by US$285.38 (6.1%) to US$4,946.76 per troy ounce. Silver also saw a significant rebound, increasing by US$5.89 (7.4%) to US$85.16 per troy ounce. This recovery … [Continue reading]