Gold Price Forecast: Bulls maintain the pressure as inflation concerns are back XAU/USD Current price: $1,781.01 The American dollar attracts buyers as US government bond yields appreciate. Stocks are on the back-foot after flirting with all-time highs on Wednesday. XAU/USD needs to clear 1,790.60 to become attractive for bulls. Gold trades at around $1,781.00 a troy...
WTI retreats from 2021 high at $84.00 on a less-cooler than expected winter WTI falls almost $3 due to an optimistic weather announcement by the National Oceanic and Atmospheric Administration. Beijing’s signal to intervene in the coal market added further pressure on crude oil prices. Bank of America and Iraq oil minister, see crude oil...
NZD/USD: Testing support at 0.7160/70 as risk appetite fades The New Zealand dollar closes a six-day rally, pulling back from 0.7215 The USD picks up, favored by a moderate risk aversion.NZD/USD: Upside bias remains positive while above 0.7160/70. The New Zealand dollar is about to put an end to a six-day rally against its American counterpart, weighed by...
Ethereum fizzles out just below all-time highs but bulls still target $5,000 Ethereum price higher by as much as 13% this week. New all-time highs will set a clear road map for the $5,000 value area. Look for profit-taking to occur over the weekend if Ethereum becomes overextended. Ethereum price faced a substantial number of...
United States 4-Week Bill Auction rose from previous 0.035% to 0.05% 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 sell in these assets. You should do...
ECB policy to remain on hold until December – Rabobank Analysts at Rabobank expect the European Central Bank (ECB) to keep its monetary policy on hold until December. According to them, October’s meeting will reflect the increased uncertainty surrounding inflation. Key Quotes: “The October meeting will probably pass without any policy changes. Nonetheless, the ECB...
China: Growth forecasts revised lower – BBVA Growth has slowed down during the third quarter in China amid a number of headwinds, including regulatory storms, default risk of real estate giant, the electricity crunch and the authorities’ new campaign of “common prosperity” and social equality, points out the Research Department at BBVA. Key Quotes: “Economic...
EUR/USD hesitates around 1.1640 on retreat from 1.1665 high The euro consolidates around 1.1640 after rejection at 1.1665. The pair loses steam as risk appetite wanes. EUR/USD: Failure at 1.1750 might send the pair down to 1.1495 – SocGen. The euro has put an end to a three-day recovery and remains moving back and forth between 1.1630...
USD/CAD rebounds further from monthly lows to the 1.2350 zone US dollar strengthens versus commodity currencies as stocks and crude oil slide. USD/CAD extends gains during the American session, upside still seen as corrective. The USD/CAD is rising on Thursday after posting on Wednesday the lowest daily close since early July. The pair bottomed at...
GBP/USD stalls at 1.3838, retreat to 1.3800 amid mixed market sentiment GBP/USD stalls at 1.3838 for the third day in a row. Investors bets increase on a Bank of England hike rate by November’s meeting. US Initial Jobless Claims drop for the second-consecutive week, at 290K. The British pound edges lower during the New York...