FX

Spot gold continues to stick within a few dollars of its 21-day moving average within a tight mid-$1720s-mid-$1740s range. The precious metal has been caught this week between the conflicting forces of a strong USD but lower real yields. Spot gold prices (XAU/USD) continue to stick within a few dollars of its 21-day moving average,

US equity markets saw an aggressive rally into the Friday close, with the S&P 500 now back close to ATHs. US data was largely ignored, with investors reverting to default bullishness on the prospects for the US economic recovery. US equity markets were seemingly panic bought into Friday’s close, with the S&P 500 rallying nearly

Inflation concerns fade as Fed officials stay with the dovish theme. Oil takes flight as the Suez remains blocked. Stocks close out the week in the green but big tech struggles. Equities close nicely on Friday to cap a solid week of gains for the broader indices. The S&P 500 finished the week ahead by

Gold has been drifting higher as the market mood improves and US Treasury yields play a more limited role in determining the market direction. The precious metal is able to shine while other commodities are under pressure – concerns of a slow exit from the covid crisis have resurfaced.  How is XAU/USD positioned on the

Cooperation between NATO and the European Union (EU) was more important than at any time, US Secretary of State Antony Blinken said in a statement on Thursday. “I came here very much with one particular focus in mind, and that was to make clear the United States’ determination to revitalize our alliances and partnerships,” Blinken said. Meanwhile,

EUR/USD struggles for direction around the 1.18 area. The dollar remains on the positive path and records 2021 highs. US final Q4 GDP came in at 4.3% QoQ, surpassing consensus. The single currency stays well on the defensive and drags EUR/USD to fresh YTD lows in sub-1.1800 levels on Thursday. EUR/USD in 4-month lows EUR/USD

GBP/JPY gained some positive traction on Thursday and snapped five days of the losing streak. A combination of factors lifted the global risk sentiment and undermined the safe-haven JPY. The GBP benefitted from a modest USD pullback and provided an additional boost to the cross. The GBP/JPY cross edged higher during the Asian session and

Spot silver is higher on Wednesday despite a stronger US dollar, likely as a result of profit-taking. XAG/USD prices bounced at the $25.00 level and currently trade nearly 5.0% lower on the week. Despite an ongoing pick up in the fortunes of the US dollar on Wednesday spot silver prices (XAG/USD) are holding up fairly

WTI retreats towards six-week low flashed the previous day. Fears of US-China trade war join geopolitical and virus-led downbeat sentiment. API marked oil inventory build, EIA stockpile eyed. US dollar moves and risk catalysts will be important to watch. WTI fades recovery moves from early February low while easing to $57.60 amid Wednesday’s Asian session.

Gold Price Analysis: XAU/USD chopping either side of its 21DMA in mid-$1730s Spot gold (XAU/USD) prices have been choppy and recently fell back towards this week’s lows around $1730, with prices having been buffeted by the conflicting forces of falling US bond yields against a strengthening US dollar. Spot prices thus continue to trade well

Silver takes offers around intraday low, drops for the second consecutive day. US dollar picks up bids as bond bears return, market turns cautious ahead of the key events. Silver stays depressed near the intraday low of $25.59, down 0.54% on a day, during early Tuesday. While Turkish action and strong equities weighed on the

AMC shares are up over 500% in 2021. The cinema leader has been boosted by sentiment not reality. The meme stock is trading at a lofty multiple for such an enormous debt pile. AMC shares have been one of the major trends of the US stock market so far this year, after experiencing stratospheric appreciation. AMC

GBP/USD Price Analysis: Sellers attack 1.3820 support confluence with eyes on early February low GBP/USD bounces off intraday low, stays depressed, while picking up the bids to 1.3842, down 0.23% on a day, amid an initial Asian session on Monday. In doing so, the cable extends last week’s pullback from the 1.4000 threshold amid bearish

What you need to know on Monday, March 22:  The American dollar finished the week with modest gains against most major rivals, up on Friday amid persistent yields’ strength. The yield on the benchmark 10-year Treasury note settled at 1.73%, near the multi-month peak of 1.75% achieved earlier in the week. The EUR/USD pair hovers

Turkish lira looks set to depreciate after Erdogan fires the central bank chief. USD/TRY rose sharply last week after CBRT rate hikes that will probably be reversed now. The USD/TRY finished last week at 7.19, and now it looks likely to open with a sharp upside gap following Tukey’s President Erdogan decision to fire the

Inflation concerns are likely to keep investors’ focus for the week ahead. Equities stage a modest recovery on Friday after Thursday’s thrashing. Fed Chair Jerome Powell on the wires throughout next week. Equity markets are finishing out the week with mixed feelings after a solid thrashing on Thursday. This led to some profit-taking ahead of

Growth stocks outperformed value stocks on the final trading day of the week. The Nasdaq 100 gained and Dow dropped while the S&P 500 was caught in the middle and flat. The Fed hurt financials by announcing there will be no extension to SLR relief at the end of the month. It was a mixed

USD/RUB drops and rebounds from the 73.70 region. The CBR hiked the key interest rate by 25 bps to 4.50%. Focus is now on the press conference by Governor E.Nabiullina. The Russian ruble reclaims some ground lost in past sessions and drags USD/RUB to the 74.00 region on Friday. USD/RUB now looks to CBR After