Share: Open interest in gold futures markets dropped for the first time since October 16 on Thursday, this time by around 1.4K contracts according to preliminary readings from CME Group. Volume followed suit and shrank by around 24.7K contracts, … [Continue reading]
Australian Dollar gains ground on the correction of US Dollar
Share: Australian Dollar rebounds from the yearly lows as the US Dollar corrects. Aussie Dollar receives upward support as the RBA expects to increase interest rates. US Dollar faced pressure as downbeat Core PCE contributed to increasing demand … [Continue reading]
Chile BCCH Interest Rate registered at 9% above expectations (8.75%)
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]
Canadian Dollar declines for third day in a row, solid US GDP and Durable Goods beats to blame
Share: The Canadian Dollar is sinking into the lowest bids of the year as the Greenback rises. No economic calendar data for Canada until next Tuesday’s GDP print. The US Dollar is bounding higher after a thumper US GDP, Durable Goods order data … [Continue reading]
EUR/USD remains vulnerable to pressure on supports at 1.0520 and 1.0490 – Scotiabank
Share: EUR/USD losses have steadied in the low/mid 1.05s. Economists at Scotiabank analyze the pair’s outlook. Scope for gains looks limited The EUR appears heavily oversold on the intraday oscillators, which may account for the minor improvement … [Continue reading]
USD/CHF marks weekly highs around 0.8990, US Q3 GDP eyed
Share: USD/CHF extends gains on the back of surging US Bond yields Investors await the releases of US GDP and Core PCE figures, seeking the current state of the US economy. US Dollar gains ground on stronger US housing data and improved risk … [Continue reading]
GBP/USD slides to over three-week low, further below 1.2100 mark on stronger USD
Share: GBP/USD drifts lower for the third successive day and drops to a multi-week low on Thursday. A combination of factors continues to push the USD higher and exert pressure on the major. The fundamental backdrop supports prospects for a further … [Continue reading]
EUR/CHF drifting into 0.9480 ahead of ECB rate call
Share: The EUR/CHF is grinding higher heading into Thursday, in play around 0.9475. Swiss business sentiment worsened, helping to keep the Euro in play above 0.9450. Up Next: ECB rate call, Monetary Policy Statement. The EUR/CHF is floating into … [Continue reading]
USD/JPY climbs to 15-day high above 150.00 on high US yields, geopolitical tensions
Share: USD/JPY reached a new 15-day high at around 150.05, but fears of Japanese intervention led to a quick rejection. Wall Street continues to print losses, while the US 10-year benchmark note rate is 4.95%, supporting USD/JPY. Upcoming data … [Continue reading]
USD/CAD: Loonie vulnerable to the external environment – Danske Bank
Share: The Canadian Dollar has come under renewed pressure over the last month. Economists at Danske Bank analyze Loonie’s outlook. BoC to keep policy rates unchanged until Q1 2024 The rise in short-end oil contracts has been driven by tight … [Continue reading]