FX

Gold prices rose in United Arab Emirates on Monday, according to data compiled by FXStreet. The price for Gold stood at 274.62 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 274.22 it cost on Friday. The price for Gold increased to AED 3,203.13 per tola from AED 3,198.43 per tola a

Australian Dollar has suffered extended declines in recent sessions as RBA gains slowly fade. PMI figures from Australia reveal weaker-than-expected data. Fragility in the Australian economy seems to be driving demand off the Aussie. In Friday’s session, the Australian Dollar (AUD) intensified its losses against its peers. The AUD/USD duo has been testing its notable

Gold reverses gains after hitting daily high of $2,368, down more than 1.70%. Strong US S&P Global PMI data boosts the US Dollar, with the DXY rising 0.14% to 105.80. Mixed US economic data keeps Fed rate cut speculation alive. Gold prices reversed course on Friday, moving down more than 1.70%. Economic data from the

With dovish signals from the European Central Bank’s (ECB) major European counterparts (the Bank of England and Swiss National Bank) and investors’ nerves still quite jittery on EU fiscal and political developments, the Euro is understandably under some pressure in the latter half of this week, Francesco Pesole, FX Strategist at ING argues. EU activity indicators

Thursday’s Bank of England (BoE) statement and minutes suggested officials are getting closer to cutting interest rates, ING’s FX Strategist Francesco Pesole notes. August cut is a must, GBP/USD set to fall under 1.25 “The recent upside surprises in services inflation (5.7%) are attributed to volatility related to annual price hikes, not a significant trend,

Data from the United Kingdom reflects a mixed picture of the economy. The Pound Sterling (GBP) has underperformed on the week relative to most of its core peers, Scotiabank’s Chief FX Strategist Shaun Osborne says. GBP struggles to find foothold “UK Retail Sales rose a stronger than expected 2.9% in May, reflecting a rebound in activity

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet

While industrial metal prices found some support, the hopes for fresh Chinese stimulus are failing to generate any material upside for the time being, TD Securities Senior Commodity Strategist Ryan McKay argues. Chinese stimulus fails to push industrial metals up “Our gauge of commodity demand is weakening amid a precarious global macro landscape, and our

Gold price gained some positive traction on Thursday amid September Fed rate cut bets. Geopolitical risks and political uncertainty in Europe also lend support to the XAU/USD. Rebounding US bond yields and a positive risk tone might cap any further positive move. Gold price (XAU/USD) attracts some buyers during the Asian session on Thursday and

Upside momentum firming and Commodity Trading Advisors (CTAs) in Crude Oil remain on the bid, TDS commodity strategists note. Markets look to take profits on Oil “Crude oil continues to prove resilient, with upside momentum firming and CTAs remaining on the bid. However, we still argue that the rally could start to fade as these CTA

The UK Office for National Statistics will publish the May CPI report on Wednesday. UK inflation is expected to cool down, falling back to the BoE´s target. The Bank of England will announce its decision on monetary policy on Thursday. The Pound Sterling is expected to post a wild reaction to inflation data. The United Kingdom’s

Silver price rebounds strongly from $29.00 as slower US Retail Sales growth weighs on the US Dollar and bond yields. Sluggish US Retail Sales growth has prompted Fed rate-cut bets for September. US households cut spending on discretionary items. Silver price (XAG/USD) bounces back strongly from the crucial support of $29.00 in Tuesday’s American session.

Japanese Finance Minister Shunichi Suzuki said on Tuesday that interest rates are set by markets, reflecting JGB demand and various aspects. However, Suzuki declined to comment on the Bank of Japan’s (BoJ) decision last week on the planned reduction of JGB purchases.  Key quotes JGB yields are determined by the market. Aims to smoothly issue Japanese

Oil keeps pushing higher ahead of the US trading session.  Demand recovery faces substantial issues in the medium turn with the shift away from fossil fuels.  The US Dollar Index trades above 105.50 on the back of turmoil in the European bond market.  Oil prices are in positive territory at the start of this week,

USD/JPY gains traction around 157.50 on Monday, up 0.08% on the day.  The hawkish stance from the US Fed supported the Greenback, despite the weaker-than-expected Michigan Consumer Sentiment Index data.  BoJ kept short-term rate target unchanged and could reduce its purchases of JGBs after the next monetary policy meeting. The USD/JPY pair extends the rally

EUR/JPY trades at 168.43, marking the second consecutive day of losses due to political uncertainty in France. Technical outlook: Consolidation below 170.00 with potential further losses if price drops below the 50-DMA at 167.47. Key support levels: Kumo bottom at 165.92 and 100-DMA at 164.78, indicating acceleration of the downtrend if breached. The Euro tumbled

Gold soars above $2,330 as investors bet on Fed rate cuts later this year. Risk aversion due to European political turmoil boosts demand for safe-haven assets like gold. US Consumer Sentiment dips in June, inflation expectations remain above Fed’s 2% target. XAU/USD is underpinned by fall of 10-year US Treasury yield. Gold’s price spiked during

EUR/GBP is climbing on Friday after a dip to the 0.8400 handle. ECB soothing talking points are helping to recover sentiment, but only slightly. BoE rate call looms ahead next week, but rate moves not expected yet. EUR/GBP dipped to a fresh 22-month low on Friday, tapping 0.8400 before finding a thin recovery that still