Share: The index approaches the key 103.00 support. US yields look poised to extend the decline. Consumer Confidence, Fedspeak come next in the docket. The greenback alternates gains with losses near the 103.00 neighbourhood when gauged by the USD Index (DXY) on turnaround Tuesday. USD Index focuses on key data, Fed speakers The
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 for Gold, whereas previously dominant factors such as changes in bond
Share: The EUR/GBP climbed to a fresh five-month high at 0.8740 on Friday, but the Euro bid proves short-lived. The Euro is set to close out Friday’s trading session in the red, but still sees green for the week against the Pound Sterling. Next week sees EU & UK PMI double-header on Tuesday.
Share: WTI draws support from concerns about tightening global supply, though the upside remains capped. Investors seem worried that rising interest rates will hamper economic activity and dent fuel demand. Receding fears over potential supply disruptions due to the Israel-Gaza conflict acts as a headwind. West Texas Intermediary (WTI) Crude Oil prices struggle
Article by IG Senior Market Analyst Shaun Murison USD/ZAR Key Takeaways: 1. The recent recovery of the Rand against the US Dollar is primarily due to the weakening of the dollar rather than the strengthening of the Rand itself. 2. The US Dollar is currently underperforming against various currencies, following remarks from Federal Reserve officials
Despite the strength in the US data this week and another beat in Jobless Claims yesterday, the Nasdaq Composite didn’t sell off like we saw in the past week. The index is hovering around a key support level and it looks like the soft landing vibes might be returning now that the hangover from the
WSJ Fedwatcher Nick TImiraos is highlighting the improvements in inflation in the US and offered up this chart. Zooming out further, core goods inflation is up just 0.5% y/y while housing rose 7.4% but the latter is a major laggard and will fade rapidly in the coming months (and perhaps further if mortgage rates stay
© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Hannah Lang and Joice Alves WASHINGTON/LONDON (Reuters) – The dollar index was off a two-month high Thursday after Federal Reserve meeting minutes left the door open for more rate hikes and data this week
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nonetheless, the unemployment rate fell once again and lessened the disappointment from the miss in
Gold, XAU/USD, US Dollar, DXY Index, Treasury Yields, GVZ, Fibonacci – Talking Points The gold price has been sidelined in a week of action elsewhere The US dollar and Treasury yields have found firmer footing amidst the risk aversion Volatility has ticked up a notch. Does it imply a move ahead for XAU/USD? Recommended by
