Industry News
Industry News

Industry News

06
Nov

WTI consolidates around $80.70-75 area, just above its lowest level since September

West Texas Intermediate (WTI) Crude Oil prices struggle to gain any meaning on the first day of a new week and oscillate in a narrow trading band around the $80.70-$80.75 region during the Asian session. The commodity, meanwhile, remains well within the striking distance of its lowest level since August 29 touched on Friday and continues to be […]

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06
Nov

USD/CAD looks to continue the losing streak, hovers near 1.3650

USD/CAD aims to lose ground on the fourth consecutive day to continue the losing streak, treading waters near 1.3650 during the Asian hours on Monday. The pair faces downward pressure amid expectations that the US Federal Reserve (Fed) might halt its monetary policy tightening, prompted by the subdued employment data from the United States (US). On […]

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06
Nov

Gold Price Forecast: XAU/USD consolidates near $1,990 amid improved risk appetite

Gold price hovers around $1,990 per troy ounce during the Asian session on Monday, struggling to continue the winning streak. However, the bullion prices improved on expectations that the US Federal Reserve (Fed) may conclude its monetary policy tightening after the subdued employment data from the United States (US). However, Gold prices could experience downward pressure amidst […]

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04
Oct

USD/CHF holds ground above 0.9200 near seven-month high, US data eyed

USD/CHF holds ground near a seven-month high marked on Tuesday, trading higher for the third consecutive day around 0.9220 during the early European trading hours on Wednesday. The pair is experiencing upward support amid cautious sentiment due to the US Federal Reserve’s (Fed) interest rates trajectory. The US Dollar Index (DXY) hovers around 107.10 at the time of […]

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04
Oct

Euro attempts a mild rebound to 1.0470 ahead of key US data

The Euro (EUR) trades without a clear direction against the US Dollar (USD), motivating EUR/USD to gyrate around the 1.0470 region early in the European morning on Wednesday. On the USD-side of the equation, the Greenback clings to the 107.00 region following Tuesday’s new 2023 tops in the 107.30-107.35 band when tracked by the USD Index (DXY), always […]

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04
Oct

Pound Sterling extends downside on UK’s poor demand outlook

The Pound Sterling (GBP) struggles for a firm footing despite a consistent sell-off in the past three months. The GBP/USD pair faces a ruthless sell-off as the United Kingdom economy muddles against the headwinds of poor economic prospects and sticky inflation. UK inflation is still more than thrice the target rate of 2%, and the Bank of England (BoE) […]

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04
Oct

Gold Futures: Downside could be losing momentum

Open interest in gold futures markets dropped by around 1.4K contracts after two consecutive daily builds on Tuesday, according to preliminary readings from CME Group. Volume, instead, remained erratic and increased by around 12.3K contracts following the previous daily drop. Gold faces a tough support around $1800 Gold prices remained in free fall on Tuesday amidst […]

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04
Oct

USD/JPY remains flat above the 149.00 mark, 10-year JGB yields reaches 0.8% for the first time since 2013

The USD/JPY pair remains flat at around 149.20 during the early European session on Wednesday. The pair holds above the 149.00 mark after retracing to a low of 147.33 late Tuesday amid the rumors of Japan’s FX intervention. On Wednesday, the 10-year Japanese Government Bond (JGB) yield reached 0.8% for the first time since 2013. […]

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04
Oct

Australian Dollar holds positive ground ahead of US jobs data

The Australian Dollar (AUD) treads waters to halt a two-day losing streak on Wednesday. However, the AUD/USD pair is under pressure due to risk-off sentiment and stronger US Dollar (USD). Additionally, the pair weakened after the interest rate decision by the Reserve Bank of Australia (RBA) on Tuesday. Australia’s central bank opted to maintain the status quo, leaving the current […]

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04
Oct

USD/CAD trades higher near 1.3710 on market caution, weak Oil prices

USD/CAD traces the upward path on the fourth successive day, trading higher near 1.3710 during the Asian session on Wednesday. The pair is experiencing upward support amid cautious sentiment due to the US Federal Reserve’s (Fed) interest rates trajectory. The US Dollar Index (DXY) hovers around 107.10 at the time of writing, aligned with the 11-month high marked […]

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