Share: Gold price is continuing to profit from the Middle East crisis. Economists at Commerzbank analyze the yellow metal’s outlook. Gold in demand as safe haven The news coming out of the Middle East is likely to continue to dictate the direction … [Continue reading]
Natural Gas price recovers mildly from last week sell-off
Share: Natural Gas prices sold off for two straight weeks and finally found a floor at $3.20 The US Dollar saw its worst intraday loss in three months on Monday. Natural Gas prices appear to have downside potential as … [Continue reading]
United Kingdom Employment Change above forecasts (-198K) in August: Actual (-82K)
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]
Australian Dollar trades in the positive territory despite downbeat PMI data
Share: Australian Dollar extends gains as the US Dollar declines. Australia’s Manufacturing PMI eased to 48.0, while the Services PMI dropped to 47.6. China may approve over 1 trillion yuan in additional sovereign debt issuance. The pullback in US … [Continue reading]
Forex Today: US Dollar tumbles as Treasury yields reverse course
Share: The global PMI surveys are due on Tuesday, providing the first glimpse of economic activity during October. Australia and Japan will kick off the PMI, followed by European countries, and ending with the United States. Also scheduled for … [Continue reading]
Mexican Peso gains ground against the US Dollar amid rising geopolitical tensions and upbeat data
Share: Mexican Peso extends its gains for second straight day, as USD/MXN drops to 18.15 despite the sour market mood. Mexico's economic activity exceeded estimates in August, providing a positive backdrop for the Peso. US 10-year bond yield pulls … [Continue reading]
GBP/USD: Gains may be hard to come by for now – Scotiabank
Share: GBP/USD trades back to the mid-1.21 area. Economists at Scotiabank analyze the pair’s outlook. Choppy range trading may continue in the short run Cable slippage to the 1.21 area or just below found good support last week but gains to the … [Continue reading]
USD/MXN attempts to recover recent losses, trades higher around 18.2500
Share: USD/MXN faced a challenge due to risk-off sentiment. Israel-Hamas war could weigh on the Mexican Peso. Mexico's Retail Sales declined to 0.4% (MoM) in August, while the annual data grew at 3.2%. Greenback receives upward support on … [Continue reading]
Australian Dollar hovers above the major level, focus on US, Australia data
Share: Australian Dollar struggles as the US Dollar recovers recent losses. Australia’s central bank is expected to implement more interest rate hikes. Upbeat US Treasury yields contribute support for the Greenback. The Australian Dollar (AUD) … [Continue reading]
Polkadot Price Forecast: DOT likely to slide to $3.70 as weekend rally fizzles out
Share: Polkadot price trades below a declining trend line for the third consecutive month. A decisive flip of the $3.90 level will trigger an uptrend, but a rejection could knock DOT lower. A pullback to $3.70 is likely to come first before a … [Continue reading]