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]
South Africa Trade Balance (in Rands) came in at 14.1B below forecasts (15B) in December
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]
Switzerland Real Retail Sales (YoY) below expectations (0.9%) in December: Actual (-0.8%)
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]
Senior IMF official: Escalation of Middle East conflict to affect oil prices, impacting many Asian countries
Share: The Director of the International Monetary Fund (IMF) Asia and Pacific Department warned on Wednesday, “the escalation of Middle East conflict to affect oil prices, impacting many Asian countries.” Additional quotes “Asian central banks may … [Continue reading]
Australia CPI Forecast: Easing inflation might not be enough for the RBA
Share: The Australian Monthly Consumer Price Index rate is foreseen at 3.7% YoY in December. The Quarterly CPI inflation is expected to have eased further in the last quarter of 2023. The Australian Dollar is bearish ahead of inflation … [Continue reading]
AUD/USD Forecast: No changes to the consolidative theme
Share: AUD/USD keeps hovering in the sub-0.6600 zone. Retail Sales in Australia disappointed expectations. Investors’ attention now shifts to inflation figures. Once again, AUD/USD exhibited an erratic performance on Tuesday, remaining ensnared in … [Continue reading]