XAU/USD, XAG/USD PRICE FORECAST: MOST READ: Japan Maintain Economic Outlook, USD/JPY Catches its Breath at Weekly High Gold and Silver have enjoyed decent rallies at the back end of last week with Gold in particular continuing to rally yesterday. An improvement in sentiment weighed on the US Dollar helping Gold run toward a key resistance
Treasuries and Wall Street rallied to kick off the last week of the month for what’s been a pretty bearish August. The same stands so far today. Rate hike fears amid a “higher for longer” policy stance, supply concerns, worries over spillover from slowing growth from China, mixed earnings, and fading AI enthusiasm helped knock
It has been a poor month for gold but the technical picture shows that it could’ve been a whole lot worse. Gold is now trading back to around $1,923 but was close to around $1,885 at the lows this month – its lowest levels since March. Gold (XAU/USD) daily chart So, what does the technicals
Canadian Dollar, USD/CAD, Hanging Man – Technical Update: Recommended by Daniel Dubrovsky Get Your Free USD Forecast The Canadian Dollar has been losing ground to the US Dollar of late, but a closer look at USD/CAD shows that the near-term uptrend might be losing momentum. On the daily chart below, we can see that as
POUND STERLING ANALYSIS & TALKING POINTS German GFK Consumer Confidence places EUR on the backfoot. US CB Consumer Confidence & JOLTs under the spotlight later today. Hesitancy shown on both GBP/USD & EUR/GBP charts. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD & EURGBP FUNDAMENTAL BACKDROP The British pound managed to find some
In a world where borders are becoming increasingly blurred, there’s one marketplace that epitomizes the very essence of globalization – the foreign exchange, or forex, market. With an average daily trading volume surpassing $6 trillion, forex stands as the world’s largest financial market. But what drives its pulsating rhythm, and why are so many traders
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was subdued on Tuesday as traders resisted placing large bets ahead of a slew of economic data this week, while the yen languished near levels that triggered
Share: Considering advanced prints from CME Group for crude oil futures markets, open interest increased for the third consecutive session on Monday, now by around 1.4K contracts. Volume, instead, nearly halved from the previous day and dropped by around 431.3K contracts. WTI appears consolidative around $80.00 Price action around WTI gyrated around the
In the ever-evolving realm of the forex market, the night’s orchestra is punctuated by more than just the rhythmic fluctuations of currency pairs. Amidst this financial ballet, a powerful maestro emerges: the forex VPS. Like a lighthouse illuminating a vast ocean of trades, a forex VPS ensures that transactions are conducted seamlessly, even when the
Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast Wall Street gained for the second straight day (DJIA +0.62%; S&P 500 +0.63%; Nasdaq +0.84%), as US Treasury yields took a breather despite a hawkish takeaway from the Jackson Hole Symposium. Both the US 2-year and 10-year yields cooled by around 5 basis-point
