Gold Futures: Rebound looks limited
Share: Open interest in gold futures markets dropped for the fourth session in a row on Tuesday, this time by just 785 contracts according to preliminary readings from CME Group. Volume, instead, resumed the uptrend and went up by around 16.2K contracts. Gold remains supported around $1860 Gold prices edged higher and extended […]
Despite the rebound, the breadth of services expansion has still slowed – Wells Fargo
The ISM Service PMI released on Friday showed the index rose back above 50, into expansion territory. Analysts at Wells Fargo, point out that after just a single month under 50, the services ISM shot back up into expansion. However, they warn the breadth of services expansion has still slowed. Key quotes: “The slowdown in […]
USD/JPY drops back towards 130.00 to snap two-day rebound amid softer yields, mixed Japan PMI
USD/JPY takes offers to refresh intraday low, prints the first daily loss in three. Japan’s Jibun Bank Manufacturing PMI stays intact, Services PMI improved in January. Chatters over easing Covid-led restrictions on Japan, mixed sentiment exert downside pressure on Yen pair. US PMIs, risk catalysts are the key ahead of US Q4 GDP. USD/JPY slides […]
AUDUSD finds the sellers near hourly MAs and swing area on the rebound
The AUDUSD AUD/USD The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one Australian dollar. For example, when […]
Crude Oil Holds Gains On Hopes For China Demand Rebound
Crude Oil Price, Analysis, and Chart US Crude prices continued their run of gains Hopes for economic revival in China and, perhaps the US, keep tight supply in focus The $82 region looks key now Recommended by David Cottle Get Your Free Oil Forecast Crude oil prices continued to find robust support in hopes for […]
Weak Rebound off the Multi-Month Low, Slowdown Fears Grow
US Dollar (DXY) Price and Chart Analysis US Treasury yields slump on growing recessionary fears. Multi-month support is likely to be re-tested. Recommended by Nick Cawley Forex for Beginners Most Read: US Dollar (DXY) Remains Under Pressure Ahead of Important US Data US Treasury yields slumped on Wednesday after the latest batch of data showed […]
USD Index accelerates the rebound well north of 102.00
The index reverses part of the recent acute sell-off. US yields remain directionless across the curve on Friday. Flash Michigan Consumer Sentiment will be next on tap. The greenback’s recovery picks up extra pace and revisits the 102.65/70 band when gauged by the USD Index (DXY) on Friday. USD Index meets contention around 102.00 Following […]
Canadian dollar to rebound in 2023 if economic uncertainty clears: Reuters poll By Reuters
© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch/File Photo By Fergal Smith TORONTO (Reuters) – Canada’s dollar will rally this year, but much of the upswing will have to wait until a period of uncertainty passes […]
Asia FX steadies as dollar rebound slows ahead of Fed minutes By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies rose slightly on Wednesday as a recovery in the dollar appeared to have run out of steam, with markets now awaiting fresh cues on U.S. monetary policy from the minutes of the Federal Reserve’s December meeting. Regional currencies came under pressure on Tuesday as sentiment was […]