Share: EUR/USD continues to edge higher following Thursday's rally. Nonfarm Payrolls in the US are forecast to rise by 180,000. The pair could encounter stiff resistance at around 1.0900. After touching its lowest level since December 13 at 1.0780 … [Continue reading]
Gold price stands tall near one-month peak as spotlight shifts to US NFP report
Share: Gold price consolidates its recent gains to a one-month peak touched on Thursday. Traders opt to wait on the sidelines ahead of the release of the critical US jobs report. A combination of factors lends support to the XAU/USD and favours … [Continue reading]
Japan Monetary Base (YoY) fell from previous 7.8% to 4.8% in January
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]
Forex Today: US Payrolls take centre stage
Share: The FX universe witnessed a resumption of the appetite for the risk-linked assets ahead of the imminent release of the US labour market report at the end of the week. In line with the Federal Reserve and the ECB, the BoE left its policy rate … [Continue reading]
US ISM Manufacturing PMI improves to 49.1 in January vs. 47 expected
Share: ISM Manufacturing PMI came in better than expected in January. US Dollar Index holds steady near 103.50 after the data. Business activity in the US manufacturing sector continued to contract in January, albeit at a softer pace than … [Continue reading]
Gold price fails to hold gains as Fed pushes against rate-cut hopes in March
Share: Gold price falls back as the “early rate-cuts” narrative wanes. The Fed needs more evidence to be confident that inflation will return to 2%. The US Dollar advances ahead of ISM Manufacturing PMI, NFP data. Gold price (XAU/USD) surrenders … [Continue reading]
USD/CAD Price Analysis: The first upside barrier is seen at 1.3460
Share: USD/CAD trades in positive territory for two straight days, adding 0.03% on the day. The pair is poised to cross above the key EMA; RSI indicator returns to bullish territory above the 50-midline. The first upside barrier is … [Continue reading]
WTI snaps three-month losing streak above $76.00 amid Middle East geopolitical tensions
Share: WTI prices post their first monthly gain since September amid the ongoing Middle East geopolitical conflict. IEA said that global oil demand will likely increase by 2mb/d in 2024. A surprise build in US crude inventories dragged WTI prices … [Continue reading]
Ripple wallets are secure, executives say after $112.5 million hack
Share: Ripple executive Chris Larsen was hacked on Tuesday with a few of his personal accounts compromised. Earlier reports indicating the attack was against Ripple turned out as misinformation. XRP price is down 5% with signs of an extended fall … [Continue reading]
Canadian Dollar recovers on upbeat Canadian GDP, Fed Powell still in the barrel
Share: The Canadian Dollar recovered some ground after GDP surprised to the upside. Canada saw 0.2% GDP growth in November, which beat consensus. Fed rate call and press conference due in the latter half of the US trading session. The Canadian … [Continue reading]