11.01 – The US Dollar broadly climbed on Thursday
The USD/JPY climbed early in Thursday’s US market session after US Consumer Price Index (CPI) inflation numbers broadly beat market forecasts, with inflation stepping higher in December and completely swamping out market hopes for signs that rate cuts would be impending soon. US headline CPI inflation for the year ended December came in at 3.4% […]
10.01 – Crude Oil took a hit on Wednesday
West Texas Intermediate (WTI) US Crude Oil slipped from a fresh daily high after the Energy Information Administration (EIA) released their updated US Crude Oil stocks numbers, revealing another buildup of Crude Oil barrels, as well as burgeoning numbers of oil derivative products in supply lines. Crude Oil prices popped early Wednesday after it was […]
09.01 – Gold remains above $2030, supported by US Dollar strength despite falling US bond yields
Gold price clings to decent gains above 0.15% during the mid-North American session on Tuesday, amid risk aversion, alongside overall US Dollar (USD) strength across the board. US Treasury bond yields had erased their previous gains, a tailwind for the yellow metal, which has an inverted correlation, particularly with the 10-year benchmark note yield. At […]
08.01 – WTI’s sharp decline triggered by Saudi price cuts to Asian markets
West Texas Intermediate (WTI) slid more than 4% on Monday as Saudi Arabia implemented price cuts, while the Organization of Petroleum Exporting Countries (OPEC) offset supply concerns amid geopolitical tension in the Middle East. At the time of writing, the US Crude Oil benchmark exchanges hands at $72.21 per barrel, a loss of 4.63%. Since […]
05.01.2024 – AUD/USD shows marginal gains in volatile session
The AUD/USD is almost flat during the North American session, after mixed economic data from the United States (US) keeps the Greenback seesawing between gains and losses. A solid employment report in the US and weaker business activity in the services sector keep investors scratching their heads about the economy’s outlook. The pair, post minuscule […]
04.01.24 – AUD/USD’s continued decline fueled by robust US ADP employment
The AUD/USD extends its losses in early trading on Thursday during the North American session, down 0.33% and at the brisk of diving below the 0.6700 figure. Solid economic data from the United States is the main reason behind the pair’s fall, while the Greenback (USD) recouped losses and rose, as shown by the US […]
03.01.2024 – USD/JPY climbs to 143.66, buoyed by US 10-year bond yield surpassing 4%
The USD/JPY rises sharply during the North American session after economic data from the United States (US) prompted investors to extend the US bond sell-off, as the US 10-year bond yield is back above the 4% threshold. Therefore, the major is prolonging its gains of more than 1.20%, trading at 143.66. The US economic calendar […]
The EUR/USD trades are nearing the 1.0950 mark
In Tuesday’s session, the Euro (EUR) against the US Dollar (USD) exhibited strong downward movements, trading roughly around 1.0950. The primary driver of this movement includes a considerable threat to its 20-day SMA, along with a significant risk-off mood pervading the market, which redirected flows toward the Greenback. The US dollar started 2024 strongly and […]
GBP/JPY Price Analysis: The Sterling is under increasing bearish pressure aiming to levels sub-180.
The Sterling trades under increasing bearish pressure after breaking below the base of a triangle pattern, at 180.80. The frail upside attempt seen on early Friday Trading has remained limited at the mid-range of 180.00, and the pair is testing support at the 179.85 level at the moment of writing. Trading volume is very light […]
The XAG/USD trades near the $24.20 level with mild losses
In Thursday’s trading session, the Silver price (XAG/USD) trades neutral at about $24.20. That being said, the upside is open for the precious metal as dovish sentiment regarding the Federal Reserve’s monetary policy and weaker-than-expected US Jobless Claims data may pave the way for further upward movements. Recognizing the inflation decelerating at the last 2023 […]
