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 holds steady below multi-month peak as traders await US PCE Price Index
Share: Gold price struggles to gain any meaningful traction ahead of the US PCE Price Index. Fed rate cut bets, sliding US bond yields and a bearish USD continue to lend support. Concerns about the worsening economic conditions in China further act … [Continue reading]
Australia Private Sector Credit (YoY) fell from previous 4.9% to 4.8% in October
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]
USD/CHF approaches multi-month lows after US GDP Revisions, Fed Begie book
Share: The USD/CHF is navigating towards the 0.8700 level, seeing a 0.45% loss. The pair tallied a 4-day losing streak, and indicators flash oversold conditions. Thomas Barkin from the Fed warned markets about further tightening and stubborn … [Continue reading]
US Core PCE Preview: Forecasts from seven major banks, inflation falls, but remains too high
Share: The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure (PCE), will be released by the US Bureau of Economic Analysis (BEA) on Thursday, November 30 at 13:30 GMT and as we get closer to the release time, here are the … [Continue reading]
Euro comes under pressure and retreats to 1.0970 ahead of German CPI, US GDP
Share: The Euro fades the initial uptick above 1.1000 against the US Dollar. European stocks trade with decent gains so far on Wednesday. Flash Germany’s CPI, advanced US Q3 GDP Growth Rate next on tap. The Euro could not sustain another bout of … [Continue reading]
USD Index remains under pressure near 102.40 ahead of key data
Share: The index extends the breakdown of the 103.00 support. US yields drop to multi-week lows across the curve. Flash Q3 GDP figures, Fed’s Beige Book next on tap. The USD Index (DXY), which tracks the greenback vs. a basket of its main rival … [Continue reading]
Solana price nears $60 after 6% rise in a day as institutions pour millions into SOL
Share: Solana price trading at $58 is presently attempting to breach through the resistance level marked at $59. A rally is possible, given that SOL is witnessing a resurgence in bullishness. Month to date, Solana has witnessed inflows worth $40.2 … [Continue reading]
New Zealand Dollar pushes higher against Greenback ahead of RBNZ meeting
Share: The New Zealand Dollar continues rising on the eve of the RBNZ’s November policy decision. Although recent data appears to reflect a slowdown, the RBNZ could still tilt hawkish, say analysts. NZD/USD forms a worrying-looking ending wedge … [Continue reading]
Gold Price Forecast: XAU/USD heading towards 2020 record high
Share: XAU/USD Current price: $2,036.15 Surprising dovish comments from US Federal Reserve officials hit the US Dollar. US Treasury bond yields extend their slide to fresh multi-week lows. XAU/USD soared on broad US Dollar weakness could extend the … [Continue reading]