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 Forecast: XAU/USD could regain $2,050 on soft US Core PCE inflation data
Share: Gold price rises for the second straight day on Thursday, eyes $2,050. US Dollar slips on risk reset and expectations of soft US Core PCE inflation data. The technical setup on the 4H chart remains in favor of Gold buyers. Gold price is … [Continue reading]
Australia Private Sector Credit (YoY) climbed from previous 4.8% to 4.9% 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]
Coinbase exchange notes progress amid ongoing downtime
Share: Bitcoin price soared to an intraday high of $64,000 before a quick correction. Amid excessive trading, Coinbase exchange crashed with users reporting zero balance. Coinbase acknowledged the incident, committing to resolve the matter. … [Continue reading]
UK budget unlikely to shock the Pound assuming that fiscal prudence is maintained – Rabobank
Share: Next week brings the UK budget. The budget has the potential to impact the Pound Sterling (GBP) – which is currently the second best performing G10 currency in 2024 after the US Dollar, economists at Rabobank say. EUR/GBP to edge lower to … [Continue reading]
Stock Market Today: Nifty and Sensex drop over 0.50% amid broad-based selling
Share: India’s Nifty and Sensex returned to the red after opening with modest gains on Wednesday. Nifty and Sensex lose over half a percent, notwithstanding the previous rebound. Wednesday’s US GDP revision eyed ahead of Thursday’s US PCE … [Continue reading]
Orr Speech: RBNZ Governor speaks on policy outlook after holding interest rate
Share: Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr is addressing the press conference following the February monetary policy announcement, responding to media questions. At its February policy meeting, the RBNZ decided to keep the … [Continue reading]
EUR/USD remains bound to 1.0850 on Tuesday as markets wait for meaningful data
Share: EUR/USD consolidates as markets await key US data. US Durable Goods Orders declined more than expected. US GDP on Wednesday, German CPI inflation on Thursday. EUR/USD remains strung along the middle near 1.0850 after Tuesday brought little … [Continue reading]
USD/CAD pares back Tuesday’s early decline after US Durable Goods Orders flub forecasts
Share: USD/CAD started the day soft before a pivot in the US session. Canada absent from the economic calendar on Tuesday. US Durable Goods declined more than expected, US PCE in the pipe. USD/CAD settled to an intraday low of 1.3484 before … [Continue reading]
Natural Gas sinks with Macron being called back quickly
Share: Natural Gas prices whipsaws and drops near 1%. Traders are pushing gas prices lower with Germany blocking any chance of boots on the ground in Ukraine. The US Dollar Index consolidates below 104.00 ahead of a chunky calendar. … [Continue reading]