Oil breaks below $78.00 after both OPEC and IEA released their monthly reports. While OPEC stuck to previous expectations, sluggish demand is forecasted in the IEA release. The US Dollar Index eases ahead of the US CPI print. … [Continue reading]
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $28.77 per troy ounce, up 0.54% from the $28.62 it cost on Tuesday. Silver prices have increased by 12.96% since the beginning of the year. Unit measure Today … [Continue reading]
Indonesia Trade Balance came in at $3.56B, above expectations ($3.3B) in April
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]
GBP/USD consolidates its gains above 1.2580, all eyes on US CPI data
GBP/USD takes a breather near 1.2590 in Wednesday’s early Asian session. The US PPI came in line with expectations, rising by 2.2% YoY in April, compared to the 1.8% increase in March. The UK Unemployment … [Continue reading]
Mexican Peso slips as Banxico and Fed policies deviate
Mexican Peso drops down for second day, losing 0.24%. Powell's cautious inflation remarks and potential for ongoing tight policy boost USD, aided by high April PPI. Contrasting Powell, Banxico's Ceja hints at possible rate cuts, contributing to … [Continue reading]
US Dollar steady with Powell smashing odds for a rate hike
The US Dollar consolidates in a very narrow range. The economic calendar picks up with US PPI and Fed speakers. The US Dollar Index retreats and flirts with a break below 105.00 The US Dollar (USD) is retreating after an initial knee jerk reaction … [Continue reading]
Gold finds a floor as geopolitical risk catalyzes demand
Gold finds its feet amid continued geopolitical risk aversion. Demand from investors including central banks due to Gold’s safe-haven qualities remains high. XAU/USD finds support and remains in a short-term uptrend, indicating it could … [Continue reading]
Gold price gains traction ahead of US PPI data, Fed’s Powell speech
Gold price trades on a stronger note on Tuesday. Any signs of sticky inflation might further diminish expectations of US interest rate cuts this year, pressuring yellow metal. The US PPI report for April and Fed Chair Jerome Powell's … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1053 vs 7.1030 previous
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]
Ethereum sustains horizontal trend, sees increased outflows
Ethereum institutional whales have been depositing huge piles of ETH on Coinbase. Ethereum products recorded $14.4 million in outflows last week following increased doubts surrounding spot ETH ETF approval. Ethereum could see a slight increase this … [Continue reading]