Russia Central Bank Reserves $: $786.9B vs $769.1B
Russia Central Bank Reserves $: $786.9B vs $769.1B
Eurozone: Economic sentiment indicator rises – ING
The European Commission’s economic sentiment indicator rose in January, indicating positive growth prospects for the Eurozone. Inflation expectations have eased but remain above long-term averages.
Gold Price Forecast: XAU/USD consolidates near the $5,600 record high
Another day, another all-time high for Gold (XAU/USD), which has been breaking records for nine consecutive days, showing a dizzying 20% rally in less than two weeks. The pair remains bid on Thursday, as the US Dollar seems unable to perform any significant recovery.
USD: FOMC holds but Dollar fails to strengthen – MUFG
The US Dollar has not been able to strengthen further following the FOMC meeting, where the fed funds rate was kept unchanged. The meeting highlighted a change in the labor market description, indicating signs of stabilization.
EUR/JPY holds steady as Eurozone confidence meets hawkish BoJ stance
EUR/JPY trades around 183.25 on Thursday at the time of writing, virtually unchanged on the day. The cross struggles to extend its recent upside move, as support for the Japanese Yen (JPY) from domestic factors offsets relatively favorable economic data from the Eurozone.
EUR/USD: Technical moment for potential breakout – Societe Generale
Societe Generale’s report analyzes the EUR/USD pair, noting a significant technical moment as it approaches the 200-day moving average. A close above this level could prompt adjustments in positions and hedging structures.
Gold rallies to fresh record highs on safe-haven demand amid geopolitical tensions
Gold (XAU/USD) adds another leg to its relentless rally on Thursday, building on the previous day’s solid gains of 3.87% as increased volatility and ongoing safe-haven demand continue to drive strong inflows into Bullion.
CAD: Trade balance and employment data ahead – TD Securities
TD Securities‘ Global Strategy Team highlights upcoming Canadian economic data, including the International Merchandise Trade and Payroll Employment Change. The trade deficit is expected to edge lower to $1.0 billion in November, influenced by headwinds in export activity.
USD/JPY remains steady near 153.50 with Tokyo CPI in focus
The US Dollar is gaining the upper hand against the Japanese Yen, with both currencies among the worst G8 performers this week.
USD: Fed maintains rates, signals data-driven patience – TD Securities
TD Securities‘ Global Strategy Team reviews the recent FOMC meeting, where the Federal Reserve maintained rates at 3.50%-3.75%. The statement was marginally hawkish, with Chair Powell indicating that the Fed can be patient and let data guide future decisions.
CAD: BOC maintains cautious stance – BBH
According to Brown Brothers Harriman (BBH), the Bank of Canada has kept the policy rate unchanged at 2.25% for the second consecutive meeting, adopting a more cautious tone.
GBP/JPY steadies near 212.00 as Yen recovery loses steam
The Pound holds right below weekly highs against the Japanese Yen, trading at 211.65 at the time of writing following Wednesday’s rebound from 210.00 lows.
SEK: Riksbank maintains policy rate amid uncertainty – Nomura
Nomura’s Global Markets Research report discusses the Riksbank’s decision to hold the policy rate at 1.75%.
AUD/USD gains as Australian inflation data strengthens RBA rate hike outlook
AUD/USD trades around 0.7050 on Thursday at the time of writing, up 0.25% on the day, extending a positive momentum fueled by renewed optimism surrounding monetary policy in Australia.
Gold: Rally continues with all-time highs – UOB Group
Gold prices surged to an all-time high above $5,500/oz, driven by US dollar weakness and expectations of further monetary easing from the Federal Reserve. The precious metal extended its rally, marking significant gains in recent sessions, notes UOB Global Economics & Markets Research.
Gold: Rally continues with all-time highs – UOB Group
Gold prices surged to an all-time high above $5,500/oz, driven by US dollar weakness and expectations of further monetary easing from the Federal Reserve. The precious metal extended its rally, marking significant gains in recent sessions, notes UOB Global Economics & Markets Research.
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Thursday, according to FXStreet data. Silver trades at $116.51 per troy ounce, broadly unchanged 0.04% from the $116.47 it cost on Wednesday.
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Thursday, according to FXStreet data. Silver trades at $116.51 per troy ounce, broadly unchanged 0.04% from the $116.47 it cost on Wednesday.
South Africa Producer Price Index (YoY) remains at 2.9% in December
South Africa Producer Price Index (YoY) remains at 2.9% in December
GBP/USD stays firm above 1.3800, with 1.3870 long-term highs in sight
The Pound has taken back most of the ground lost on Wednesday, and is trading in the area of 1.3830 on Thursday’s early London session, after bouncing at 1.3750 lows, with the four-year highs of 1.3870 at a relatively short distance.The US Dollar bounced up on Wednesday, following a hawkishly tilted