Latest Forex, Commodities and Indices News
WTI edges higher to near $78.50 due to drawdown in US inventories, Canada wildfires
WTI price appreciates due to the potential for supply disruptions amid Canadian wildfires. The API Weekly Crude Oil Stock dropped 3.104 million barrels, below the [more]
Gold price trades with a mild positive bias, US CPI and PPI data loom
Gold price edges higher on Wednesday amid the softer USD. The growth in gold demand and geopolitical tensions lift the price of precious metals. The [more]
Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Worldcoin — Asian Wrap 15 May
Bitcoin (BTC) price continues to glide along an ascending trendline on the four-hour time frame. Meanwhile, the GameStop saga that has resurfaced after three years [more]
Consumer Price Index data for April set to test recent inflation uptick
The US Consumer Price Index is set to rise 3.4% YoY in April, following the 3.5% increase in March. Annual core CPI inflation is expected [more]
Australian Dollar gains ground due to risk-on mood, US CPI awaited
The Australian Dollar appreciates due to the improved risk sentiment on Wednesday. The Australian government is targeting headline inflation and seeking to ease cost-of-living pressures [more]
OpenAI parts ways with cofounder and chief scientist Ilya Sutskever
OpenAI cofounder Ilya Sutskever is exiting the firm for reasons not disclosed yet. Jakub Pachocki replaces Sutskever, taking the baton after running many of OpenAI’s [more]
US Inflation Preview: How Will CPI Data Impact Gold, the US Dollar & Yields?
Most Read: Gold Prices Bid Despite Hot PPI, Inflation Data Next - What Now for XAU/USD?The U.S. Bureau of Labor Statistics will release on Wednesday [more]
Gold Prices Bid Despite Hot PPI, Inflation Data Next – What Now for XAU/USD?
Eager to gain insights into gold's future path? Discover the answers in our complimentary quarterly trading guide. Request a copy now!Gold prices rebounded on Tuesday, [more]
US Dollar softens following PPI data and Powell’s comments
April’s US Producer Price Index prints higher monthly reading than expected. Fed Chair Jerome Powell signals strong US economic outlook, which may delay interest rate [more]
Dow Jones Industrial Average grapples with downside post-PPI on Tuesday
Dow Jones shied away from gains after PPI printed higher than expected. Fed Chair Powell made an appearance to soothe investor nerves after inflation print. [more]
Canadian Dollar holds ground against Greenback as markets grapple with inflation figures
Canadian Dollar holds onto slim gains against softer USD. Canada remains data-light this week, US inflation data takes center stage. US PPI inflation rises on [more]
USD/JPY Price Analysis: Climbs above 156.00 as bulls target 157.00
USD/JPY up 0.17% driven by US producer price data suggesting potential for sustained high Fed rates. Technicals: Six days of gains, with strong upward momentum [more]
USD/JPY Surges Despite Warnings: Interest Rate Differential Fuels Carry Trade
Japanese Yen (USD/JPY) LatestJapan FinMin Suzuki highlights cohesive approach with BoJUSD/JPY defiantly ramps up to dangerous levels despite warningsInterest rate differential will continue to promote [more]
Natural Gas and Oil Forecast: US Inventories Drop 3.1M Barrels, WTI Up 0.12%
Arslan, a webinar speaker and derivatives analyst, has an MBA in Finance and MPhil in Behavioral Finance. He guides financial analysis, trading, and cryptocurrency forecasting. [more]
USD/JPY Forecast: Yen at Risk as BoJ, US Economic Data Take Center Stage
However, retail sales figures could also influence the Fed rate path. Weaker-than-expected retail sales figures could signal a softer inflation outlook and reduce the chances [more]
AUD to USD Forecast: Aussie Wage Growth and the US CPI Report in the Spotlight
A more hawkish Fed rate path would raise borrowing costs and reduce disposable income. Downward trends in disposable income could force consumers to curb spending [more]
Hang Seng Index, Nikkei 225, ASX 200: JD.com Earnings Puts the Hang Seng in Focus
On Tuesday, the Nasdaq Composite Index advanced by 0.75%. The Dow and S&P 500 saw gains of 0.32% and 0.48%, respectively.The producer price figures, the [more]
Gold Price Forecast: Testing Support, Eyes on Upside Breakout
Two Lines Mark SupportIn addition to trend support represented by the 20-Day line, the uptrend line touching the lows of the most recent price action [more]
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Retreat After U.S. PPI Report
Key Points:Natural gas is losing some ground amid profit-taking. WTI oil declines as traders focus on the higher-than-expected PPI report. Brent oil is moving towards [more]
Natural Gas News: Bullish Sentiment Continues Amid Heightened Volatility
Market BehaviorThe recent price volatility in natural gas is influenced by several factors, including fluctuations in production levels, storage data, and weather conditions. Despite a [more]
EUR/USD Forecast – Euro Continues to Look For Momentum
Recently, we’ve seen Wall Street try to convince itself that the Fed’s going to have to cut rates, but this is a game that we’ve [more]
Gold Price Forecast – Gold Continues to See Pressures
This isn’t even to say that we will fall that far, just that we could, and it really wouldn’t change much. If we were to [more]
Gold, Silver, Platinum Forecasts – Gold Gains Ground After Powell’s Comments
Key Points:Gold climbed above $2350 as traders focused on Powell's dovish comments. Silver tested resistance at $28.75.Platinum moved above the $1030 level as the strong [more]
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Lower As Powell Sends Dovish Signals
Key Points:EUR/USD climbed above the 1.0800 level as Euro Area ZEW Economic Sentiment Index exceeded analyst expectations. GBP/USD made an attempt to settle above the [more]