Share: EUR/GBP slides as UK bond yields surpass German bond yields, strengthening the Pound. From a technical perspective, the pair exhibits a neutral to downward bias, with long-term daily EMAs standing above exchange rates. The EUR/GBP must … [Continue reading]
Gold Price Forecast: XAU/USD to close a third consecutive week of losses
Share: Despite daily gains, the XAU/USD is set to close a third consecutive week of losses, near the $1,920 area. Declining yields amid soft PCE figures weakened the USD favouring Gold prices. On Friday, the gold spot XAU/USD traded with nearly … [Continue reading]
Silver Price Analysis: XAG/USD breaks structure to the downside, bears motivated
Share: Silver bears are licking their lips at key structures. The 38.2% Fibo is playing its resistance role. Silver shot up in a correction on Friday with a high of $22.844 from $22.3474 the low. The bulls are correcting the week's sell-off … [Continue reading]
Colombia National Jobless Rate came in at 10.5%, below expectations (10.7%) in May
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]
India Federal Fiscal Deficit, INR increased to 2102.87B in May from previous 1335.95B
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]
GBP/USD recovery fades below 1.2650 despite unimpressive UK GDP, Fed inflation eyed
Share: GBP/USD retreats from intraday high, extends bounce off fortnight low while snapping two-day downtrend. Final reading of UK Q1 GDP confirms 0.1% QoQ, 0.2% YoY figures. Hawkish Fed statements jostle with mixed BoE talks to keep Cable bears … [Continue reading]
USD/CNH marches beyond 7.2700 on mixed China PMI, US PCE Inflation eyed
Share: USD/CNH grinds higher around the yearly top after mixed China official PMIs for June. China NBS Manufacturing PMI matches upbeat forecasts but stays below 50.0, Non-Manufacturing PMI improves. PBoC keeps defending Yuan but fails so far amid … [Continue reading]
Forex Today: US economic data supports the Dollar, more inflation data ahead
Share: On Friday, the Asian session will be highlighted by Japanese inflation data and the official Chinese PMI. In addition, Japan will also report the Unemployment Rate, Industrial Production, and Housing Starts, while Australia is set to release … [Continue reading]
GBP/USD stumbles as US economic optimism boosts the greenback after upbeat GDP
Share: BP/USD dips following robust US data, bolstering the case for additional Federal Reserve tightening and higher Treasury bond yields. The upward revision of US GDP and a drop in Initial Jobless Claims paint a bright US economic picture, … [Continue reading]
Natural Gas price falls almost 10% from June high as supply concerns ease
Share: Natural Gas price has fallen almost 10% from its June high on the back of easing supply concerns. European Gas stockpiles have risen to levels well above the average increasing confidence in the continent's supply capabilities. The heatwave … [Continue reading]