Gold prices staged a turnaround on Friday, reversing the earlier decline and trading just above the $5,170 mark per troy ounce. The yellow metal continues to draw support from safe haven demand linked to tensions in the Middle East, although gains … [Continue reading]
Colombia Consumer Price Index (MoM) below forecasts (1.27%) in February: Actual (1.08%)
Gold prices staged a turnaround on Friday, reversing the earlier decline and trading just above the $5,170 mark per troy ounce. The yellow metal continues to draw support from safe haven demand linked to tensions in the Middle East, although gains … [Continue reading]
China: Inflation and trade data support modest recovery – ING
ING economists Lynn Song and Min Joo Kang expect China’s February CPI inflation to pick up to 1.0% year-on-year, mainly due to Lunar New Year effects, while the impact of higher Oil prices should appear later. They also project solid growth in … [Continue reading]
United Kingdom CFTC GBP NC Net Positions fell from previous £-57.1K to £-72.7K
Gold prices staged a turnaround on Friday, reversing the earlier decline and trading just above the $5,170 mark per troy ounce. The yellow metal continues to draw support from safe haven demand linked to tensions in the Middle East, although gains … [Continue reading]
United States CFTC S&P 500 NC Net Positions up to $-168.2K from previous $-193.5K
Gold prices staged a turnaround on Friday, reversing the earlier decline and trading just above the $5,170 mark per troy ounce. The yellow metal continues to draw support from safe haven demand linked to tensions in the Middle East, although gains … [Continue reading]
Singapore: Limited growth hit from conflict – UOB
UOB Global Economics & Markets Research, through Associate Economist Jester Koh, judges that Singapore’s GDP exposure to the Middle East conflict is modest under a short-lived shock scenario. Exports to key regional economies are about 2% of … [Continue reading]
USD/CNH: Upside risks as strong fix meets USD demand – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that USD/CNH has traded higher as Iran-related geopolitical tensions support the Dollar. Beijing has been setting a stronger CNY fix, which has helped stabilise the Renminbi and partially … [Continue reading]
Curve Finance accuses PancakeSwap of copying StableSwap code
Pancakeswap (CAKE) dropped 4% on Friday as Curve Finance (CRV) publicly accused the decentralized exchange (DEX) of copying its code without permission, citing license violation.Curve Finance accuses Pancakeswap of copying codeDecentralized finance … [Continue reading]
United States Consumer Credit Change below expectations ($12B) in January: Actual ($8.05B)
Gold prices staged a turnaround on Friday, reversing the earlier decline and trading just above the $5,170 mark per troy ounce. The yellow metal continues to draw support from safe haven demand linked to tensions in the Middle East, although gains … [Continue reading]
USD/JPY poised to test 158.00 despite weak US jobs data
The USD/JPY rises and challenges the 158.00 figure on Friday up over 0.20% after the latest employment report in the US revealed weakness in the labor market. Also, the Middle East conflict deteriorates market mood, maintaining the US Dollar bid … [Continue reading]