Gold retreats from record high as Powell cools cut bets, US Dollar strengthens
Gold (XAU/USD) price turns negatively on Wednesday after rallying for three consecutive trading days, which pushed the yellow metal to a record high at $3,791, before retreating somewhat as investors digest Federal Resever (Fed) Chair Jerome Powell’s comments, which seem to pour cold water on rate c
Forex Today: SNB rate call, US GDP, Japan Tokyo CPI inflation on deck
The US Dollar lurched higher on Wednesday, sparked by a fresh round of risk aversion across the broader markets. Central banks worldwide are grappling with two-speed economies of varying degrees, and many are battling a steepening slowdown in economic activity.
Dow Jones Industrial Average extends declines from record highs
The Dow Jones Industrial Average (DJIA) followed the broader market lower on Wednesday, shedding 270 points at its lowest. Investors are taking profits and trimming their exposure to the AI-fueled tech rally ahead of the latest US employment figures and inflation data.
NZD/USD remains subdued near 0.5850 following PBOC rate decision
NZD/USD continues its losing streak for the fourth successive session, trading around 0.5860 during the Asian hours on Monday.
Silver Price Forecast: XAG/USD climbs beyond $43.00, highest since September 2011
Silver (XAG/USD) builds on Friday’s breakout momentum above the $43.00 mark and touches a fresh high since September 2011 at the start of a new week.
USD/CAD rises to near 1.3800 due to Fed’s cautious policy outlook
USD/CAD recovers its recent losses, trading around 1.3800 during the Asian hours on Monday.
WTI rises above $63.20 amid geopolitical risks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.20 during the early Asian trading hours on Friday. The WTI rises amid escalating geopolitical tension in Europe and the Middle East.
WTI edges lower below $63.50 on concerns over oil demand
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.40 during the early European trading hours on Thursday. The WTI declines amid concerns over the US economy and excess supplies.
Forex Today: Eyes on the BoE verdict after Fed’s cautious cut
Here is what you need to know on Thursday, September 18:
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.38 per barrel, down from Wednesday’s close at $63.63.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.28 after its previous daily close at $67.53.
Japanese Yen sticks to negative bias; looks to BoJ policy update for fresh impetus
The Japanese Yen (JPY) drifts lower for the second straight day on Thursday and retreats further from its highest level since July 7, touched against a broadly firmer US Dollar (USD) the previous day.
ECB’s Kazaks: There cannot be a pre-determined path for ECB
Speaking in a CNBC News interview on Friday, European Central Bank (ECB) policymaker Martins Kazaks said that “there cannot be a pre-determined path for the ECB.”
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.63 per barrel, down from Thursday’s close at $62.02.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.68 after its previous daily close at $66.08.
United Kingdom Total Trade Balance: £-5.26B (July) vs previous £-5.015B
United Kingdom Total Trade Balance: £-5.26B (July) vs previous £-5.015B
UK GDP arrives at 0% MoM in July, as expected
The UK economy stalled in July, with the Gross Domestic Product (GDP) arriving at 0% following a 0.4% rebound in June, the latest data published by the Office for National Statistics (ONS) showed on Friday.
USD/CAD Price Forecast: Likely to find resistance at the 1.3825 area
The US Dollar is trading higher for the fourth consecutive day against the Canadian Dollar.
Forex Today: Gold corrects from record-high, USD awaits key data releases
Here is what you need to know on Thursday, September 4:
AUD/JPY Price Forecast: Tests confluence support zone near 96.50, nine-day EMA
AUD/JPY halts its winning streak that began on August 21, trading around 96.70 during the early European hours on Thursday. The technical analysis of the daily chart shows that the currency cross is positioned within the ascending channel pattern, suggesting a prevailing bullish bias.
Japanese Yen sticks to negative bias against USD; lacks bearish conviction ahead of US data
The Japanese Yen (JPY) remains on the back foot against its American counterpart through the early European session on Thursday amid a combination of negative factors.
France HCOB Manufacturing PMI above expectations (49.9) in August: Actual (50.4)
France HCOB Manufacturing PMI above expectations (49.9) in August: Actual (50.4)