Gold regains positive traction and reverses a part of the previous day’s retracement slide. Retreating US bond yields prompts some USD profit-taking and benefits the XAU/USD. Geopolitical risks and the US political uncertainty contribute to the intraday move up. Gold […]
Gold builds on steady intraday ascent, moves closer to $2,730 amid modest USD pullback Read More »
WTI holds steady amid hopes for a demand recovery in China and Middle East tensions. A larger-than-expected rise in US crude stock caps the commodity amid a bullish USD. Traders now look forward to the official US inventory data for
WTI trades with positive bias around mid-$71.00s, just below over one-week top Read More »
Gold price attracts some dip-buying on Tuesday amid a combination of supporting factors. The US political uncertainty and Middle East tensions underpin the safe-haven XAU/USD. The easing monetary policy environment offsets rising US bond yields and remains supportive. Gold price
Gold sticks to intraday gains near all-time peak amid weaker risk sentiment Read More »
The Japanese Yen continues to be undermined by the uncertainty over the BoJ’s rate-hike plans. Rising US bond yields turn out to be another factor exerting pressure on the lower-yielding JPY. Intervention fears and a softer risk tone might help
Japanese Yen weakens below 151.00 against USD for the first time since late July Read More »
GBP/USD remains close to a one-month low touched last week amid a bullish USD. Bets for a less aggressive Fed policy easing and geopolitical risks underpin the buck. Expectations for a faster BoE rate-cutting cycle weigh the GBP and favor
GBP/USD consolidates around mid-1.3000s, seems vulnerable amid bullish USD Read More »
Gold price attracts some haven flows amid the risk-off mood and Middle East tensions. Sliding US bond yields contribute to driving flows towards the non-yielding yellow metal. Bets for smaller rate cuts by the Fed underpin the USD losses and
Gold clings to gains near three-week top, seems unaffected by stronger USD Read More »
On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1191, as compared to the previous day’s fix of 7.0830 and 7.1208 Reuters estimates. Source link Haresh Menghani
PBOC sets USD/CNY reference rate at 7.1191 vs. 7.0830 previous Read More »
Gold price reverses an intraday dip on Tuesday, albeit the upside potential seems limited. Geopolitical risks benefit the safe-haven bullion, though a stronger USD might cap gains. Signs of a slowdown in China – the biggest bullion consumer – warrant
Gold bounces off daily low; bulls seem non committed amid stronger USD and risk-on mood Read More »
USD/CAD scales higher for the ninth straight day and climbs to over a two-month top on Monday. Sliding Oil prices undermine the Loonie and lend some support to the pair amid a bullish USD. Reduced bets for a larger BoC
USD/CAD eyes 1.3800 mark amid bullish USD, weaker Crude Oil prices Read More »
The Japanese Yen fails to build on the overnight strength amid the BoJ rate hike uncertainty. A positive risk tone also undermines the JPY, though subdued USD demand helps limit losses. The fundamental backdrop suggests that the path of least
Japanese Yen seems vulnerable amid diminishing odds for more BoJ rate hikes Read More »
