[ad_1] Share: Gold price hovers around the $2,000 psychological mark on the USD weakness. The private sector in the US continued to grow at a slower pace in early November. US Gross Domestic Product (GDP) and Personal Consumption Expenditure (PCE) inflation figures will be in the spotlight this week. Gold price (XAU/USD) holds
[ad_1] Share: GBP/USD hits 12-week high amid positive data The Pound Sterling (GBP) advances to a new 12-week high against the US Dollar (USD) courtesy of better-than-expected data revealed on Thursday, which sparked a sell-off of Gilts; consequently, UK bond yields rose. The GBP/USD is trading at 1.2606 after hitting a high of
[ad_1] Share: The Canadian Dollar found its highest bids in nearly six weeks on data beats. Retail Sales in Canada gave a surprise 0.6% jump in September. The Loonie was firmer on Friday as market sentiment spun up to close out the week. The Canadian Dollar (CAD) found some bullish momentum in the latter half
[ad_1] USDJPY 10 mins USD/JPY is at the best levels of the day, up 66 pips to 151.05. The pair was hit with a double-whammy yesterday with a squeeze lower followed by a broad rout in the US dollar. Today, the bulls are beginning to wade back in with Treasury yields up 6-9 bps across
[ad_1] WTI crude itself is up roughly 2.5% to $85.28 as oil is seeking a rebound towards the end of the week. The low this week nearly touched the $82 level, where we also saw price find a rebound at the start of the month: WTI crude oil daily chart The tensions in the Middle
[ad_1] Yesterday, we got an enormous US crude oil supply build, erasing five weeks of draws. It was coupled with data showing US oil production at the highest ever. Yet today we have oil up $4.69 to $87.56 and above the post-Hamas attack peak. I highlight the fibonacci retracement levels from the October rout on
[ad_1] Share: Gold price ascends to a two-week peak at $1877.21, buoyed by declining US Treasury yields. Fed minutes reveal concerns over dual-sided risks to inflation and economic activity, influencing policy outlook. US producer-side inflation data and varied Fed official stances complicate the gold price trajectory. Gold price (XAU/USD) climbed for the second
[ad_1] © Reuters. Investing.com – The U.S. dollar retreated in early European trade Friday, while the euro rebounded from multi-month lows after the European Central Bank’s latest meeting signaled the rate hike will be its last. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,
[ad_1] US 10y yields The bond market is the tail that’s wagging the FX dog at the moment. The latest leg higher in the US dollar comes after a rebound in yields after an earlier dip. US 10s are now fractionally higher on the day at 4.26% from a low of 4.21% and it’s similar
[ad_1] Share: The Euro gathers further steam vs. the US Dollar. Stocks in Europe now trade in a mixed fashion. EUR/USD advances to daily peaks near 1.0730. The USD Index (DXY) breaks below the 105.00 yardstick. Final August CPI in Germany matched the preliminary readings. Wholesale Inventories, Consumer Credit Change come next in the US docket.
