FX

Gold price falls on improving risk sentiment and an higher-than-expected rise in US employment costs.  Positive gains in Asia, strong US earnings and robust European GDP data have all helped boost sentiment.  Gold price may be unfolding a Measured Move price pattern lower on the charts.   The Gold price (XAU/USD) weakens to just above the $2,300 level
0 Comments
The Japanese Yen struggles to build on the previous day’s solid recovery from a multi-decade low. The divergent BoJ-Fed policy expectations and a positive risk tone undermine the safe-haven JPY. The emergence of some USD buying provides an additional boost to the USD/JPY pair on Tuesday.  The Japanese Yen (JPY) staged a strong intraday recovery
0 Comments
AUD/USD is in a short-term uptrend that is extending. The pair is pulling back within a rising channel.  It will probably find support at the lower channel line and then resume its uptrend.    AUD/USD extends its short-term uptrend as it trades in the mid-0.6550s on Monday.  AUD/USD 4-hour Chartç The pair has formed a neat
0 Comments
Mexican Peso strengthens against US Dollar, buoyed by positive market mood, mixed economic reports. US inflation remains hot as core PCE Price Index increases above March expectations. Mexico shows a deficit, yet Unemployment Rate drops, presenting mixed economic scenario. The Mexican Peso counterattacks registered solid gains versus the US Dollar on Friday as economic data
0 Comments
Alphabet reported Q1 earnings late Thursday that beat Wall Street estimates. YouTube advertising and the Cloud segment continue growing strong. Alphabet CEO Sundar Pichai introduces $0.20 cash dividend. GOOGL stock is trading between $169.31 and $174.68, Fibo levels. Alphabet (GOOGL), the parent of Google and YouTube, is clinging to a 10% gain midway through Friday after posting
0 Comments
The Japanese Yen weakens across the board after BoJ announced its policy decision.  A shortlived spike in the Yen may be testament to an attempt by the Japanese authorities to intervene. US PCE Price Index shows higher-than-expected inflation but does little to impact USD/JPY which almost touches 157.00. The Japanese Yen (JPY) plummets to a
0 Comments
Gold price faces selling pressure near $2,350 as US Dollar rebounds. Higher US core PCE inflation data has prompted the US Dollar’s recovery. Market expectations for the Fed delaying rate cuts remain firm. Gold price (XAU/USD) falls from $2,350 in Friday’s early New York session as the United States annual core Personal Consumption Expenditure Price Index (PCE) data for
0 Comments
Following his meeting with US Secretary of State Antony Blinken early Friday, China’s Foreign Minister Wang Yi said that the Sino-US “relationship has stabilized but negative factors are building.” Additional comments Sliding into conflict with the US would be a lose-lose situation. We urge the US not to interfere with China’s internal affairs. In response,
0 Comments
It’s been a surprising week for the markets. Firstly, the US tech giants did not impact the markets as a unified block with the market favouring Tesla’s results over those from Meta, which is on track to record a deep decline on Thursday. Second, M&A activity in the UK market, which is propelling the FTSE
0 Comments
WTI edges lower to $82.45 on Thursday as the fear of wider war in the Middle East eased.  Higher bets that the US Fed will delay rate cuts support the Greenback.  US commercial crude stockpiles last week fell by 6.368 million barrels, the largest drawdown since mid-January.  Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 on
0 Comments
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
0 Comments
The US Dollar steadies after a step back earlier as the Euro’s recovery weighs on the Greenback.  Surprisingly upbeat PMI data from France, Germany and the Eurozone trigger substantial strength in the Euro. The US Dollar Index eases and snaps below 106.00.  The US Dollar (USD)  is a touch softer on  Tuesday ahead of US
0 Comments
Gold price drops as investors see no immediate escalation in Israel-Iran tensions. Fizzling Fed rate cut prospects combined with easing geopolitical fears weigh on Gold. Fed’s Goolsbee said progress in taming inflation has stalled. Gold price (XAU/USD) dips vertically after failing to recapture the crucial resistance of $2,400 in Monday’s early American session, driven by less
0 Comments
Gold price trades on a softer note near $2,385 on Monday.  The hawkish shift in market sentiment could dampen demand for yellow metal.  The rising conflict between Israel and Iran might lift the gold price.  Gold Price (XAU/USD) attracts some sellers around $2,385 on Monday during the early Asian trading hours. The hawkish comments by Federal
0 Comments