The USD/JPY edges higher on Tuesday, rising nearly 0.25% as risk appetite deteriorated late in the New York session, even though the US President Donald Trump hinted a de-escalation of the conflict. At the time of writing the pair trades at 158.07 … [Continue reading]
Forex Today: US Dollar slips as Oil stabilizes after Trump comment
Here is what you need to know for Wednesday, March 11:Better market sentiment is taking its toll on the Greenback as stabilizing Oil prices give riskier positions more appeal to investors. According to the EIA Short-Term Energy Outlook, "Once the oil … [Continue reading]
United States Existing Home Sales (MoM) came in at 4.09M, above expectations (3.89M) in February
Chiliz is showing signs of strength, trading above $0.040 as of writing after breaking out of a falling wedge, a technical pattern often associated with bullish reversals. On-chain data projects a mixed outlook with a slight bullish tilt, … [Continue reading]
South Africa Gross Domestic Product (YoY) declined to 0.8% in 4Q from previous 2.1%
Gold sticks to modest intraday gains heading into the European session, though it lacks follow-through buying and remains below the $5,200 mark. Geopolitical risks remain in play amid a further escalation of tensions in the Middle East, which in … [Continue reading]
Gold rises as geopolitical risks underpin safe-haven demand; USD strength limits gains
Gold (XAU/USD) builds on the overnight goodish rebound from the vicinity of the $5,000 psychological mark and attracts some follow-through buying during the Asian session on Tuesday. Iranian officials dismissed US President Donald Trump’s remarks … [Continue reading]
Australia National Australia Bank’s Business Conditions unchanged at 7 in February
The Pound Sterling is down 0.5% to near 1.3350 against the US Dollar during the European trading session. The GBP/USD pair tumbles as the US Dollar outperforms its peers, with demand for safe-haven assets remaining firm, amid war … [Continue reading]
US Dollar Index touches 15-week high before fading into the close
The US Dollar Index (DXY) slipped about 0.2% on Monday after touching a 15-week high near 99.70 in the early session. The index gapped higher at the open before sellers stepped in, pushing price back toward the 99.00 area by the close and leaving a … [Continue reading]
GBP/USD slips as Oil surge, Iran conflict boost US Dollar
The British Pound losses some ground versus the US Dollar on Monday as risk aversion keeps the Greenback bid, sponsored by the escalation of the Iran conflict. This triggered a sudden jump of oil prices, which are up 11%, retreating after gaining … [Continue reading]
Silver Price Forecast: XAG/USD recovers major early losses, outlook remains uncertain
Silver price (XAG/USD) claws back a majority of its early losses and recovers to near its opening price around $84.00 during the European trading session on Monday. The white metal is expected to remain under pressure as higher United States (US) … [Continue reading]
Gold pares intraday losses and retakes $5,100; bullish USD limits recovery potential
Gold (XAU/USD) recovers over $100 from a four-day low, touched earlier this Monday, and now trades above the $5,100 mark heading into the European session, still down over 0.40% for the day. Investors remain worried about the effects of a protracted … [Continue reading]