Gold stages a comeback in Asian trades on Tuesday, after having found brief support near $4,650. The US Dollar uptrend stalls amid US-Iran de-escalation, easing US-India trade tensions and data disruption. Gold fails to close Monday above the 21-day … [Continue reading]
South Korea Consumer Price Index Growth (YoY) registered at 2%, below expectations (2.1%) in January
GBP/USD adds to Friday’s losses, reaching six-day lows near 1.3620, although regaining some composure soon afterwards. Indeed, Cable’s pullback comes amid the ongoing solid performance of the Greenback, while traders also begin to turn their … [Continue reading]
EUR/USD Price Forecast: Next on the downside comes 1.1700
EUR/USD comes under fresh selling pressure, breaking below the 1.1800 support and extending the leg lower following last week’s multi-year peaks in levels close to the 1.2100 barrier.Indeed, Monday’s retracement in the pair comes amid the … [Continue reading]
JPY: 2026 could be year of Yen – HSBC
The HSBC report discusses the recent strengthening of the Yen against the US Dollar, which follows a surge in Japanese long-dated bond yields. Speculation of government intervention, combined with ongoing US Dollar weakness and Japanese fiscal … [Continue reading]
United Kingdom S&P Global Manufacturing PMI above expectations (51.6) in January: Actual (51.8)
Gold price extends correction to fresh monthly lows near $4,400 in European trading on Monday, pressured by some profit-taking. The precious metal continues its downtrend after reaching historic highs last week as Kevin Warsh's nomination … [Continue reading]
Gold slides as Kevin Warsh announced as Fed chair
Gold price (XAU/USD) tumbles to a two-week low below $4,700 during the Asian trading hours on Monday, pressured by some profit-taking. The precious metal extends the decline after reaching historic highs last week amid signs of political stability in … [Continue reading]
South Korea S&P Global Manufacturing PMI climbed from previous 50.1 to 51.2 in January
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]
Are you (hazel) nuts?
I’m convinced that Nutella is the second most important invention after the wheel. So yes, I’m an unapologetic hazelnut fan.That said, a few months ago I started to notice something odd. The price of natural hazelnuts had more or less doubled. … [Continue reading]
Binance set to convert $1 billion stablecoin reserve to Bitcoin to support ecosystem growth
Crypto exchange Binance announced plans to convert assets in its Secure Asset Fund for Users (SAFU) reserve, consisting mainly of stablecoins, into Bitcoin (BTC) to support ecosystem growth and development.Binance plans to replace $1 billion … [Continue reading]
China NBS Non-Manufacturing PMI came in at 49.4 below forecasts (50.3) in January
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]