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]
Gold rockets to $4,988 as USD crashes on Yen intervention rumors
Gold (XAU/USD) surges during the North American session on Friday, up by over 1% as the US Dollar (USD) gets smashed on intervention rumors to propel the Japanese Yen (JPY) in the FX markets, amid an improvement in risk appetite that pushed the … [Continue reading]
EUR/USD Weekly Forecast: Trump gives it, Trump takes it away
Once again, geopolitical woes were at the top of the list of market movers, and the outcome was not good for the US Dollar (USD). The Greenback was hit by uncertainty triggered by United States (US) President Donald Trump’s decisions.Greenland, … [Continue reading]
USD/JPY holds losses near 158.00 amid growing intervention rumours
The US Dollar is trading near the 158.00 level against the Japanese Yen at the time of writing, after pulling back from session highs above 159.20. Yen crosses whipsawed without an apparent fundamental reason, following the press release of the Bank … [Continue reading]
US Dollar Index remains below 98.50 due to risk aversion, S&P Global PMI eyed
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering 0.5% losses in the previous session. The DXY is hovering around 98.30 during the Asian hours on Friday. … [Continue reading]
Japanese Yen remains under pressure amid fiscal worries as BoJ rate decision looms
The Japanese Yen (JPY) remains depressed against its American counterpart during the Asian session on Friday amid domestic political uncertainty and concerns about Japan's fiscal health. Apart from this, the prevailing risk-on environment turns out … [Continue reading]
South Korea Consumer Sentiment Index up to 110.8 in January from previous 109.9
Gold extends its impresive rally for yet another day on Thursday, this time surpassing the $4,900 mark per troy ounce to hit record highs on the back of the marked pullback in the US Dollar. The move is unfolding even as global risk appetite … [Continue reading]
United States EIA Crude Oil Stocks Change above expectations (1.1M) in January 16: Actual (3.602M)
Gold now extends its rally and revisits the $4,850 area per troy ounce on Thursday, helped by the decent pullback in the US Dollar. In addition, the move higher in the yellow metal comes despite a generalised improvement in global risk appetite after … [Continue reading]
Pi Network Price Forecast: PI rebounds on creator event, PI payments updates
Pi Network (PI) recovers by over 3% at press time on Thursday, after a steady declining trend. The rebound aligns with the announcement of new updates to the network, including the integration of PI payments and a community-centered creator event. … [Continue reading]
Forex Today: Mood improves on easing EU-US tensions, eyes on US data
Here is what you need to know on Thursday, January 22:Market mood improves in the second half of the week as tensions between the United States (US) and the European Union (EU) ease. In the American session, the US Bureau of Economic Analysis will … [Continue reading]