The dollar Index (DXY) slides by 0.07% but manages to remain above the 96.02 figure as the New York session winds down. Omicron-related positive news improved market mood.So, improvement in the market sentiment increased the appetite for riskier assets and consequently weakened the dollar’s safe-haven status despite upward bias, though …
Read More »Gold rises before Christmas as the dollar declines
Gold prices rose on Thursday in limited trading at the end of the year, with the decline of the dollar, which is considered a safe haven, after encouraging results from a study on the mutant Omicron from the Corona virus and increasing optimism about the global economic outlook. And gold …
Read More »AUD/USD Pair Eying US Data
AUD/USD defends 0.7200 resistance breakout, taking rounds to 0.7215-20 during early Thursday morning in Asia.In doing so, the pair remains near the monthly peak of 0.7225, which holds the gate for a rally towards the 0.7300 hurdles. Despite rising virus cases and fears of ore infections during new-year celebrations, positive …
Read More »Gold has moved back above USD 1,800
Gold has perked up on the day following an offer in the US dollar and a bid in global shares. US real yields are the focus pertaining to Federal Reserve expectations. The precious metal has benefitted due to the market being well priced for a hawkish Fed in what has …
Read More »Market Drivers – US Session – 21-12-2021
The US Dollar Index fell by 0.04%, sitting at 96.48 during the New York session. The market sentiment is positive, with major US shares rising between 1.60% and 2.80%. US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have …
Read More »Gold is Trapped in a Narrow Range
Gold prices remained in a narrow range during trading today, Tuesday, as the weak dollar faced a slight improvement in risk sentiment, while the high incidence of infection due to the Coronavirus “Omicron” remains a source of concern for investors. Spot gold rose 0.1% to $1,791.73 an ounce, while US …
Read More »AUD/USD Experiences Downward Bias Despite Risks
The Australian dollar drops as the Wall Street session approaches the end, down BY 0.14%. The US 10-year Treasury yield has reclaimed the 1.40% threshold, underpinning the US dollar.During the New York session, the AUD/USD edges lower, trading at 0.7111. The market sentiment remains downbeat because of the Omicron outbreak …
Read More »Gold Heading To Support Territory Before Christmas
The price of gold is down on the New York session by 0.35%. The price has fallen from a high of USD 1,804.17 to a low of USD 1,791.78 so far. Spot trades at USD 1,792 as it moves in toward what would be expected to be a strong area …
Read More »GBP/USD Surges Despite UK Coronavirus Outbreak
The GBP/USD pair has reclaimed the 1.3200 figure as US Treasury bond falls despite coronavirus outbreak in the United Kingdom.The British pound recovers from earlier losses and is able to reclaim 1.3200 amid global concerns on the Omicron variant, and surprising resignations over negotiations with the EU, as British negotiator …
Read More »US Bond Yields Fall, Curve Slightly Flattens
US Treasury bond yields were lower on Friday, though off session lows, as traders assessed the recent hawkish Federal Reserve stance as the central bank tries to balance rising inflation against the economic toll of the Omicron coronavirus variant.Yields edged up in the short end, overall flattening the curve after …
Read More »