Gold briefly hits unprecedented high at $3,004 per ounce before settling lower at $2,982 amid US Dollar volatility. Geopolitical tensions rise as Russia-Ukraine ceasefire falters; China's central bank extends bullion buying streak, boosts Gold. US … [Continue reading]
Dow Jones Industrial Average trims recent losses, but still has a steep hill to climb
The Dow Jones recovered around 520 points on Friday. Despite the last-minute pullback, the Dow remains down 1,400 points for the week. Equities shrugged off one of the worst consumer sentiment prints in years. The Dow Jones Industrial Average (DJIA) … [Continue reading]
Mark Carney becomes new Canadian Prime Minister, vows to meet Trump at the table
Newly-minted Canadian Prime Minister Mark Carney took over the reigns of Canada from now-former Prime Minister Justin Trudeau on Friday morning. The fresh Canadian leader wasted no time in declaring his intent to meet United States (US) President … [Continue reading]
United States CFTC Oil NC Net Positions increased to 164.1K from previous 154.8K
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]
Japan CFTC JPY NC Net Positions rose from previous ¥133.7K to ¥133.9K
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]
Australia CFTC AUD NC Net Positions remains unchanged at $-48.2K
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]
Mexican Peso defies gloomy data, rockets higher on USD weakness
Mexican Peso advances as USD/MXN plunges below 19.90, down over 1%. The Peso shrugs off Mexico’s weak industrial output and declining consumer confidence fueling recession concerns. US consumer sentiment plunges amid rising inflation expectations, … [Continue reading]
US Dollar set to close off week on the back foot after Michigan surprise reading
The Greenback back in a weekly loss ahead of the US trading session on Friday. Headline risk persists with headlines on the government shutdown and tariff headwinds. The US Dollar Index has been limited by the 104.00 hurdle and looks to be … [Continue reading]
Oil: Surplus environment – ING
Oil prices couldn’t escape a broader risk-off move amid intense selling of US equities and global growth concerns. ICE Brent settled a little more than 1.5% down on the day. A somewhat bearish release from the International Energy Agency (IEA) hardly … [Continue reading]
USD/CAD Price Forecast: Remains depressed around 1.4430-1.4425; downside seems limited
USD/CAD ticks lower on Friday, though it lacks follow-through and manages to hold above 1.4400. The optimism over US-Canada trade talks exerts pressure, while a modest USD uptick lends support. The range-bound price action also warrants some caution … [Continue reading]