Latest Forex, Commodities and Indices News
Gold, Silver, Platinum Forecasts – Gold Tests Key Resistance At $2190 – $2200
Key Points:Gold is moving higher as traders focus on falling Treasury yields. Silver gained ground after an unsuccessful attempt to settle below the $24.40 level. [more]
The Latest POUND to DOLLAR News
How does the US inflation rate impact your pound-to-dollar exchanges? And what role does the possibility of a UK recession play in the pound dollar [more]
Oil Bulls’ Failure and Its Implications
Despite this improvement, the bulls didn’t manage to push the price higher, which triggered a pullback and a daily closure under the previously broken upper [more]
Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed
Brent Crude News and AnalysisUS crude prices are under pressure againThis year’s strong move has brought out profit takersOPEC Isn’t expected to alter its policy [more]
The Yen is far from being saved from further weakness – Commerzbank
USD/JPY scratched the 152.00 level. Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, analyzes the pair’s outlook. Unlike in the 1990s and early [more]
Oil snaps winning streak after surprise US stockpile build-up
WTI Oil retreats below $82 on hefty increase in US crude stockpiles. Oil traders remain bullish, but the US stockpile build-up is difficult to ignore. [more]
USD to remain resilient, downside risks to the GBP in the months ahead – HSBC
Economists at HSBC analyze the US Dollar (USD) and the Pound Sterling (GBP) outlook for the coming months. Looking ahead, the broad USD is likely [more]
US Dollar holds up, consolidating above 104.00 key level
The US Dollar snaps this week’s losing streak and claws back. Traders are sitting on their hands ahead of GDP and PCE inflation data later [more]
Cryptocurrencies Price Prediction: Ethereum, Ripple & Dogecoin – European Wrap 27 March
Some US Congress members have asked Gary Gensler-led Securities and Exchange Commission (SEC) for answers on the security status of the largest altcoin, Ethereum (ETH). [more]
Gold soars as US Dollar retreats, focus shifts to US core PCE inflation
Gold price jumps higher as expectations that the Fed will cut interest rates in June remain firm. The Fed appears to be confident that inflation [more]
USD/JPY Price Analysis: Possibility of Key Reversal Day forming
USD/JPY could be forming a bearish Key Reversal Day. A bearish close on Wednesday will validate the one-day pattern. It often signifies major peaks and [more]
Ethereum price stuck as it awaits SEC classification
US Congress members are demanding that the Securities and Exchange Commission explain how Prometheum Inc. should legally handle Ether. Gensler-led SEC faces questions from influential [more]
Gold Price Forecast: XAU/USD sharp rally likely to temper discretionary Gold buying in 2024 – ANZ
Physical Gold demand has been showing a strong resilience to higher prices since 2021. However, any further increase in physical demand will be limited, strategists [more]
EUR/USD Forecast – Euro Continues to Grind Back And Forth
The Euro has gone back and forth during the course of the trading session here on Wednesday. And at this point in time, it’s probably [more]
Swiss Franc rises after positive survey data
The Swiss Franc pares early gains after sentiment shifts and commodities sell off. The Franc had risen after the ZEW survey showed Swiss investors were optimistic about the [more]
FX Intervention Threat Steps up a Notch after USD/JPY Hits a Crucial Level
USD/JPY News and Analysis‘Decisive steps’ to be considered by Japan’s Finance MinistryUSD/JPY flirts with danger – trading perilously close to the 152.00 markerLower liquidity over [more]
Gold Prices Forecast: Rising Amidst Economic Uncertainty
Anticipating U.S. Inflation ReportThe moderate fluctuations in gold prices this week are due to reduced trading volumes in anticipation of the U.S. inflation report and [more]
Crude Oil News Today: Bearish Trend Emerges Amid Supply, OPEC+ Uncertainties
U.S. Crude Inventory SurgeRecent American Petroleum Institute (API) data revealed a substantial rise in U.S. crude inventories, climbing by 9.3 million barrels for the week [more]
New Zealand Treasury cuts its forecast for inflation, sees 3.3% from 4.1% previously
The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health [more]
Honk Kong could beat the US in allowing in-kind creations and redemptions for spot Bitcoin ETFs
Hong Kong is planning to allow in-kind creations for spot Bitcoin ETFs, according to a report on Bloomberg. SEC pushed for cash creates, proposing that [more]
NZD/USD remains on the defensive near 0.6000, traders await fresh clues
NZD/USD trades on a softer note near 0.6000 after retracing from a weekly top of nearly 0.6030 on Wednesday. The rate-cutting expectation and dovish comments [more]
AUD/USD stands its ground amid US data, ahead of Aussie’s CPI
AUD/USD hovers at 0.6533, with US economic strength and upcoming PCE Price Index release setting the tone. Recent US durable goods orders exceed expectations, but [more]
US Dollar in Holding Pattern; Key Tech Setups on EUR/USD, USD/JPY, GBP/USD
US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USDU.S. dollar displays rangebound behavior ahead of high-impact events on FridayUS PCE data and Powell’s speech on Friday will [more]
AUD/JPY Price Analysis: Bears show momentary dominance, long-term bullish tilt remains
The daily chart shows a mild bullish momentum as indicated by the RSI, whereas the MACD signals a balanced market environment. On the hourly chart, [more]