Gold price (XAU/USD) falls back after a short-lived pullback move as investors seem cautious ahead of the United States Consumer Price Index (CPI) data, which will be released on Thursday. The precious metal struggles to deliver a decisive move as the impact of a slowdown in firm hiring is offset by sticky wage growth and a lower Unemployment […]
Industry News
Industry News
Industry News
07
Aug
Aug
Euro meets some selling pressure and retreats below 1.1000
The Euro (EUR) starts the week with an offered bias against the US Dollar (USD) and forces EUR/USD to revisit the sub-1.1000 region in the wake of the opening bell on the old continent on Monday. On the flip side of the coin, the Greenback manages to regain traction after two consecutive daily pullbacks, regaining at the same […]
07
Aug
Aug
NZD/USD struggles to capitalize on its modest uptick beyond 0.6100 on stronger USD
The NZD/USD pair attracts some dip-buying on the first day of a new week and sticks to its modest intraday gains through the early part of the European session. The pair is currently placed around the 0.6100 round figure, albeit lacks bullish conviction and remains well within Friday’s broader trading range. In the absence of […]
07
Aug
Aug
XAG/USD remains depressed around mid-$23.00s, holds above 61.8% Fibo.
Silver struggles to capitalize on Friday’s goodish rebound from the $23.20 area, or its lowest level since July 12 and attracts fresh sellers on the first day of a new week. The white metal maintains its offered tone through the early European session and is currently trading near the lower end of the daily range, […]
07
Aug
Aug
USD/JPY Price Analysis: Gains momentum above 143.30 mark
The USD/JPY pair reverses Friday’s pullback and holds ground around 142.22 heading into the early European session on Monday. According to a summary of the opinions of the Bank of Japan (BoJ) released on Monday, one board member said that wages and prices could keep rising at a pace not seen in the past. BoJ policymakers added […]
07
Aug
Aug
USD Index resumes the uptrend and regains 102.30
The greenback, when gauged by the USD Index (DXY), leaves behind part of the recent weakness and reclaims the area around 102.30 as the risk-off mood seems to prevail early on Monday. USD Index regains traction on Fed, risk-off The index trades in an upbeat note on the back of renewed buying interest around the greenback […]
07
Aug
Aug
GBP comes under severe pressure amid BoE’s aggressive rate-tightening spell
The Pound Sterling (GBP) sold off after failing to test the crucial resistance of 1.2800 as higher interest rates by the Bank of England (BoE) started deepening recession fears. The GBP/USD pair drops significantly as higher interest rates are threatening the United Kingdom’s economic outlook. The UK’s strong labor market is loosening its resilience as firms slow down […]
04
Aug
Aug
Oil market outlook: Impact of production cuts and economic indicators on price trends
Oil prices are set to continue their upward trajectory, marking their sixth consecutive week of gains. This comes after Saudi Arabia and Russia, two of the world’s largest crude producers, pledged to reduce output through the next month. Brent crude futures for October rose slightly to $85.24 a barrel, while U.S. West Texas Intermediate crude for […]
04
Aug
Aug
USD/CAD Analysis: Bulls pause near 50% Fibo., US/Canadian jobs data eyed for fresh impetus
The USD/CAD pair oscillates in a narrow trading range around mid-1.3300s heading into the European session on Friday and remains well within the striking distance of a four-week high touched the previous day. The overnight sharp rise in Crude Oil prices continues to underpin the commodity-linked Loonie, which, along with subdued US Dollar (USD) price action, acts […]
04
Aug
Aug
US July payrolls expected to point to a slowdown in jobs growth
European markets underwent another negative session yesterday as this week’s sell off continued to gather momentum, with the DAX falling for the 4th day in a row, while the FTSE100 finished lower for the 3rd straight session, although it was notable that we closed well off the lows of the day. US markets also fell […]