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]
Crude Oil eases back on Wednesday, WTI falls back below $79 per barrel
Crude Oil markets decline as investment sentiment recedes. Midweek market flows shed weight as Treasuries squeeze out risk appetite. WTI stumbles after hitting three-week highs. West Texas Intermediate (WTI) US Crude Oil fell back on Wednesday, … [Continue reading]
GBP/USD Price Analysis: Slumps to fresh weekly lows as bears eye 1.2700
GBP/USD tumbles to new three-day low as ‘evening star’ chart pattern emerges. Buyers’ momentum begins to fade as RSI aims toward the 50-midline. If the pair drops below 1.2700, look for further losses; otherwise, bulls can challenge 1.2800. The … [Continue reading]
New Zealand Dollar moves below 0.6150 ahead of Fed’s Beige Book
NZD/USD extends losses as Fed’s Neel Kashkari stated that a rate hike might still be possible. The higher US Treasury yields contributed support for the US Dollar. ANZ Business Confidence Index fell to 11.2 in May, marking the lowest reading since … [Continue reading]
Germany GfK Consumer Confidence Survey above forecasts (-22.5) in June: Actual (-20.9)
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 Construction Work Done came in at -2.9%, below expectations (0.5%) in 1Q
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 price creeps higher as US Treasury yields rise
Gold gains more than 0.30% despite pressure from high US Treasury yields. Hawkish remarks from Fed officials, including Governor Michelle Bowman, temper Gold's rise. XAU/USD traders are eyeing the release of US core PCE inflation data. Gold price … [Continue reading]
Gold recovers earlier losses as USD weakens
Gold recoups earlier losses as US Dollar continues weakening, safe-haven demand. Gold imports to China, its largest market, fell by 38% in April. XAU/USD is probably forming a Bear Flag continuation pattern. Gold (XAU/USD) recovers … [Continue reading]
Natural Gas slides lower with Netanyahu facing international disapprovement
Natural Gas prices slide over 2% amid reports that Israeli opposition parties discuss plans to oust Prime Minister Benjamin Netanyahu. Ireland, Norway and Spain have officially recognized the Palestinian state as strikes over Rafah … [Continue reading]
Forex Today: US Dollar struggles to gain traction ahead of confidence data, Fedspeak
Here is what you need to know on Tuesday, May 28: The US Dollar (USD) is having a hard time finding demand early Tuesday after weakening modestly against its major rivals on Monday. Housing Price Index for March, Conference Board's … [Continue reading]