Share: Gold rises after a sharp correction on a quiet day. XAU/USD found support above the 20-day SMA. US Dollar falls across the board ending a two-day rally. Gold price rose $2,011/oz after the beginning of the American session, reaching a fresh … [Continue reading]
EUR/USD Price Analysis: Recovery targets 1.1000 and above
Share: EUR/USD leaves behind two sessions in a row with losses on Tuesday. Extra gains are expected to retarget the key 1.1000 mark in the near term. EUR/USD manages to regain upside traction and approaches the key 1.1000 region on turnaround … [Continue reading]
Natural Gas Futures: Further upside not favoured
Share: Considering advanced prints from CME Group for natural gas futures markets, open interest shrank by around 11.9K contracts after two consecutive daily pullbacks on Monday. In the same line, volume set aside the previous daily build and … [Continue reading]
WTI Price Analysis: 50-SMA prods China data-led recovery around $81.00
Share: WTI crude oil clings to mild gains while paring the biggest daily loss in a month. China data adds strength to the corrective bounce in Oil price. Bearish MACD signals, 50-SMA challenges buyers but further downside needs validation from … [Continue reading]
EUR/USD sees more downside to near 1.0900 as ECB to slow down policy-tightening pace
Share: EUR/USD is expected to witness more downside to near 1.0900 as the Fed to remain hawkish in May. Eurozone is prone to a credit crunch after the collapse of several US regional banks and takeover of Credit Suisse. The ECB is highly … [Continue reading]
USD/JPY Price Analysis: Gains momentum on rising US Treasury bond yields
Share: USD/JPY reached fresh five-week highs at 134.57, with bulls eyeing 135.00. Oscillators at bullish areas favor further upside in the USD/JPY. Downside risks lie below 134.00, which could drive the USD/JPY towards 133.00. The USD/JPY moved … [Continue reading]
Singapore: MAS ends its hiking cycle – UOB
Share: UOB Group’s Senior Economist Alvin Liew and Senior FX Strategist Peter Chia review the latest MAS decision on its monetary policy conditions. Key Takeaways “MAS Apr 2023 MPS – The Monetary Authority of Singapore (MAS), in its scheduled … [Continue reading]
US: Drivers for the week ahead – BBH
Share: Analysts at BBH offer a sneak peek at what will be the key drivers and market-moving events from the US that will be closely eyed in the week ahead. Drivers as in events that influence financial markets, not as in scannable drivers … [Continue reading]
Gold Price Forecast: XAU/USD hesitates below $2,010 despite USD retreat, hawkish Fed concerns linger
Share: Gold price remains indecisive after luring bears the previous day. US Dollar tracks Treasury bond yields amid mixed concerns about recession, US debt ceiling talks. China-linked headlines, light calendar adds strength to the XAU/USD … [Continue reading]
US inflation expectations join the forces to support US Dollar Index rebound
Share: US inflation expectations, as per the 10-year and 5-year breakeven inflation rates from the St. Louis Federal Reserve (FRED) data, justify the market’s latest reassessment of the Federal Reserve (Fed) concerns by grinding higher in the last … [Continue reading]