Gold prices rose today, Thursday, supported by the decline in the dollar, while investors await US inflation data that may affect the path of the Federal Reserve (US Central Bank) regarding interest rates. And gold in spot transactions increased 0.4% to 1883 dollars an ounce, and US gold futures rose …
Read More »Japanese yen declines despite continued fears of state intervention
On Tuesday, the yen continued its decline against the dollar, influenced by interest rate differenti…
Oil rises after Israeli strikes on Rafah and the continuation of truce talks
Oil prices climbed on Tuesday following reports of Israeli airstrikes on the Gaza city of Rafah, wit…
Gold rises with US rate cut bets and the Middle East conflict
Gold Prices Rise on Rate Cut Bets and Safe-Haven Demand Amid Gaza Uncertainty Gold prices climbed on…
Market Drivers, US Session, May 6
As traders examined Fed interest rate cut bets, gold prices rose above $2,300 per troy ounce. After …
What is behind Gold’s Ascending Uptrend: Key Factors, Market Insights
Gold prices have recently surged to historical levels, mainly capitalizing on several factors that h…
Oil rises amid escalating Middle East tensions
Oil prices closed trading on Monday in an upward direction, supported by the escalating tensions in …
RBA’s Causiously Handling Inflation, Growth, AUD
The Reserve Bank of Australia is at a turning point in history, and both the financial markets and p…
US dollar opens new trading week lower
The U.S. dollar continues its decline since the start of Monday’s trading, influenced by employment …
US Stocks Surge on Strong Jobs Data
US Stocks on Wall Street continue to achieve significant gains, driven by crucial employment data. T…
Sterling Traders Eying 1.2600
During the North American session, the British Pound registered modest gains versus the US Dollar. T…
Market Analysis
January, 2023
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12 January 2023 1:21 pm
Oil stabilizes ahead of US inflation Data
Oil prices were largely steady on Thursday, giving up early gains, as anticipation ahead of the release of US inflation data offset expectations of improving demand in China. Brent crude settled at $82.67 a barrel by 0725 GMT, while US West Texas Intermediate crude fell four cents, or 0.05 percent, …
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12 January 2023 12:26 pm
Japan’s Nikkei is settled ahead of US inflation data
Japan’s Nikkei closed slightly changed on Thursday amid caution ahead of the release of key US inflation data, while bank stocks rose amid speculation the Bank of Japan’s stimulus package could be modified as next week’s policy meeting approaches. The Nikkei ended Thursday’s session up 0.01 percent at 26,449.82 points, …
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12 January 2023 12:24 pm
Coinbase begins with the second round of layoffs!
Cryptocurrency trading platform Coinbase has announced that it intends to lay off 20% of its employees and attributed this layoff to the need to conserve cash in light of the cryptocurrency market downturn, and the platform plans to cut 950 jobs, according to a statement released Tuesday, January 10. Coinbase, …
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12 January 2023 5:46 am
Market Drivers – US Session 11/01/2023
The US Dollar Index has displayed negative performance for the second consecutive day around seven-month low. Dovish comments from Fed officials as well as mixed US data are among factors that do renew hopes for slowing down the pace of rate hiking and this tendency could hamper the DXY. Risk-on …
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12 January 2023 5:18 am
America’s CPI Preview: Forecasts by 10 major banks
The annual CPI is expected to decline to 6.5% from 7.1% in November and see the Core CPI, which excludes volatile food and energy prices, edging lower to 5.7% from 6%. On a monthly basis, the CPI is forecast to stay unchanged while the Core CPI is expected to rise …
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12 January 2023 1:58 am
EUR/USD edges higher on ECB’s comments, weaker US dollar
The EUR/USD pair rallied benefiting from the weaker US dollar and ECB hawkish commentary. The US central bank Chair Jerome Powell’s speech on Tuesday did not provide any guidance concerning the future of the US monetary policy ahead of the awaited Thursday’s US CPI report with estimates at 0% MoM …
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12 January 2023 12:54 am
Could CPI data push gold prices above $1,900?
Gold futures were at an eight-month high, climbing 14% since late November to hit $1,882 per ounce earlier on Wednesday. At the time of writing the precious metal is trading at $1876.80 per ounce.Investors normally flock to assets that offer regular returns, such as government bonds, when interest rates are …
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12 January 2023 12:00 am
Fed’s Collins backs a slowdown on rate hikes
Boston Federal Reserve’s Susan Collins backs a slowdown in the US interest rate increases. Collins also noted that she was leaning toward a quarter-point move at the FOMC’s next meeting on February 1.“I think 25 or 50 would be reasonable; I’d lean at this stage to 25, but it’s very …
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11 January 2023 10:56 pm
How commodities react to monetary policy, China’s news
On Wednesday, the metal rose 1.1% to $9,013.50 on the London Metal Exchange (LME), posting its fifth consecutive daily gain. At the time of writing, the key industrial metal is trading at $4.17 per pound for the first time since June, versus the previous closing price on Tuesday at $4.07. …
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11 January 2023 10:09 pm
Goldman: Oil could surge up to $110 by Q3
Commodity prices, particularly crude oil, are expected to corelate will China’s reopening after Lunar New Year celebrations later in January, according to Goldman Sachs Group Inc.“What is the best reopening play? It is oil,” Jeff Currie, the bank’s global head of commodities research said in a Bloomberg Television interview on …
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11 January 2023 8:44 pm
T-yields fall ahead of CPI data
Treasury yields retreated on Wednesday, on the eve of the key consumer price data release. The yield on benchmark 10-year Treasury notes fell 5.9 basis points to 3.560%. Yields move inversely to their price. The market expects inflation to ease and the Fed could cut interest rates by the end …
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11 January 2023 7:55 pm
Gold attempts to surge on slower Fed rate hikes expectation
Gold futures were at an eight-month high, climbing 14% since late November to hit $1,882 per ounce on Wednesday. At the time of writing the precious metal is hovering around $1872 per ounce.Gold has got the opportunity to shine again, as investors are betting that the aim of cooling hot …
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