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Gold prices succeeded in realizing the idea of ​​the expected bearish bias during the previous technical report, touching the first bearish target required to be achieved at 1755, recording its lowest level at $1754 per ounce. Technically, and with a closer look at the 4-hour chart, we notice the stability …

For the second session in a row, the movements of the Euro-dollar pair did not witness a significant change within a limited bearish tendency that dominated the pair’s movements yesterday, to retest the support level of the psychological barrier 1.0300, maintaining the positive stability above. On the technical side, on …

Thursday’s market sentiment was negative, providing boosting factor for the US Dollar to recover some of the ground lost earlier during the week. The US dollar maintained mixed performance between ups and downs, but tended to advance.The gloomy market sentiment was partly a result of concerns related to the Ukraine-Russia …

Gold price stays bearish around $1,760, after a two-day downtrend, as sellers cheer the US Dollar’s rebound despite softer US economic data. The precious metal traders digest recent hawkish comments by US Fed officials while market sentiment does not favour risk. The most significant factor for gold trading on Thursday …

The yield curve inversion between the 2-year and 10-year Treasury notes deepened to its widest level in four decades. The spread between the 2-year and 10-year extended to a mark of -66 basis points early Thursday, marking the deepest inversion since 1982.In early market action, the 10Y was up 9 …

The Swiss National Bank will continue to raise rates if inflation projections are seen above target according to SNB’s governing board member Andrea Maechler.On Thursday, Maechler also noted that the battle against inflation has not been won despite a dip in Swiss inflation to 3.0% in October from 3.3% in …

The S&P 500 fell on Thursday and US bond yields jumped as Fed officials signaled their rate-hiking campaign to slow inflation is not over.The Dow Jones Industrial Average was little changed, after falling as much as 314 points in the session. The S&P 500 slipped 0.25%, while the Nasdaq Composite …

US House Speaker Nancy Pelosi, who became Speaker of the House in 2007, announced that she will step down from her congressional leadership role, ending a two-decade streak as the top House Democrat. Pelosi’s statement, on Thursday, comes after signs that the Democrats will narrowly lose their House majority to …

Hawkish commentary by Federal Reserve officials underpinned the US Dollar. US economic data was mixed as unemployment claims dropped, while housing data delivers a gloomy outlook.Wednesday’s Canadian Consumer Price Index failed to underpin the Canadian dollar which weakened versus the US Dollar after Federal Reserve policymakers expressed that inflation remains …

At the time of writing, the is trading at 1.3362 versus the previous closing rate at 1.3327. In 2023, the Canadian Dollar may emerge as a more attractive financial asset in the face of fluctuations. Economists believe that the USD/CAD pair could drop to the 1.25 level.Overall commodity picture should …