Share: Gold prices retreat from $2,040 although the near-term trend remains positive. The US Dollar is picking up despite the downbeat NY Empire State Manufacturing Index. The focus now is on the S&P Global PMIs. Gold price (XAU/USD) has … [Continue reading]
EUR/GBP to move modestly higher in the coming year to 0.89 – Danske Bank
Share: On Thursday, EUR/GBP declined on the back of the BoE statement but fully retraced the move following the ECB meeting. Economists at Danske Bank analyze the pair’s outlook. Push-back on rate cut expectations The Bank of England (BoE) decided … [Continue reading]
Dogecoin price eyes a quick 8% move as meme coin fever grips investors
Share: Dogecoin price looks ready to overcome the consolidation taking place between the $0.0927 to $0.1060 range. A bounce from the four-hour demand zone has kickstarted the uptrend and DOGE extend 8.80% from the current levels. A four-hour … [Continue reading]
Japan Jibun Bank Services PMI: 52 (December) vs 50.8
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]
Crude Oil continues recovery rebound, WTI reclaims $72.50
Share: WTI edged back over $72.50 on Thursday as Crude Oil tries to recover more ground. Crude markets remain steeply off recent highs. Investors remain skeptical that production caps will undercut global demand declines. West Texas Intermediate … [Continue reading]
United States EIA Natural Gas Storage Change came in at -55B, below expectations (-54B) in December 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]
Portugal Consumer Price Index (MoM): -0.3% (November)
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]
Japanese Yen trims a part of strong intraday gains; USD/JPY recovers from multi-month low
Share: The Japanese Yen rallies to a fresh multi-month peak against the USD on Thursday. Hopes for a BoJ pivotl boost the JPY and drag USD/JPY closer to sub-141.00 levels. The post-FOMC USD selling bias further contributes to the steep … [Continue reading]
USD/CAD attracts some sellers below 1.3500, eyes on US Retail Sales, BoC’s Macklem speech
Share: USD/CAD loses ground around 1.3488 after the Federal Reserve's (Fed) meeting. As widely expected, the Fed maintained the Fed funds target range steady at its December meeting. A rebound in oil prices lends some to the commodity-linked … [Continue reading]
US Dollar extends losses after Powell’s presser
Share: The DXY Index declined to 102.90. As expected, the Fed decided to hold rates steady at the 5.25-5.50% range and confirmed that there won't be any more hikes. Interest rate projections were revised lower, weighing on the US yields and the … [Continue reading]