The USD/CHF is about to finish the trading week with decent gains of 0.39%. Risk-aversion dominates Friday’s US session, as throughout the whole week. The USD/CHF pair also accelerates and reclaims the 0.9600 figure after negative US economic data, showing that the economy, although expanding, is doing it at a …

The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count slid to 750 this week—275 rigs higher than the rig count this time in 2021.Oil rigs in the United States …

Data released on Friday showed the ISM Manufacturing PMI dropped more than expected in June to 53, the lowest level in two years. According to Wells Fargo’a analysts the details of the report demonstrate slower activity in the manufacturing sector, but also that supply problems continue to ease, but only …

Gold prices are trimming daily losses as the dollar soars on markets’ prevalent risk aversion. US yields collapse amid fears of a recession.Silver also trimmed losses dragged to the upside by gold. XAG/USD bottomed at $19.38, level not seen since July 2020 and it is trading at $19.75, down 2.60%. …

Bitcoin price has finished the first half of 2022 and things prospects do not seem good. With record negative returns, BTC is likely to continue falling heading lower, particularly if one particular support level happens to be breached. Bitcoin price crashed by 56% in the second quarter, making it the …

The business activity in the US manufacturing sector expanded at a much softer pace in June than it did in May with the ISM Manufacturing PMI dropping to 53 from 56.1. This print came in weaker than the market expectation of 54.9.Further details of the publication showed that Employment Index …

The US Dollar Index extended above 105.000 but sharply retreated together with the Japanese Yen regrouping as yields dropped. The dollar rally remains largely intact, given accelerating concerns about a global recession, although data on Thursday was not positive and did very little to ease concerns about the US economy’s …

Gold trades at $1820 per ounce, but the price is likely to retreat below $1,800.00 as a reaction to traders and markets’ bet on a 75 bps rate hike by the Fed in July’s FOMC meeting.The Gold Index is establishing below $1,810.00 after facing a steep fall while attempting a …

US ISM Manufacturing PMI is expected to indicate slower growth in June. The inflation component is critical and low expectations may lead to an upside surprise. The US ISM Manufacturing Purchasing Managers’ Index (PMI) provides an understanding of the jobs-related data. PMI reading on Friday, July 1, is expected to …

Bitcoin price predictions have become a hot topic of discussion among crypto traders today after the US Securities and Exchange Commission’s plan for a BTC spot exchange traded fund (ETF).Grayscale sought to transform its Bitcoin Trust into an ETF for Bitcoin before the SEC rejected its application. According to the …