Gold prices stabilized on Friday, October 7, ahead of a US jobs report that may support investors’ expectations regarding the path of the US Federal Reserve to raise interest rates, and is heading towards the largest weekly increase since March. By 01:23 GMT, there was little change in gold in …
Read More »Gold beaten back by stronger US dollar
The price of gold returns back to flat on the day in what has been a correction of this week’s rally into daily resistance near $1,730. The price fell from a high of $1,725.60 to a low of $1,706.95 but held above the prior day’s lows despite firmer US yields …
Read More »Dollar rises on anticipation of US jobs data
On Thursday, the dollar extended the rally that began on Wednesday, as investors awaited the US jobs and inflation data, looking for indications that may mean reducing the intensity of the interest rate hike and reducing the rise of the US currency. The euro fell 0.27 percent to $0.9859, after …
Read More »Dollar index resumes its rise after the largest daily decline in more than two years
The dollar index resumed its rise today, Wednesday, after it recorded the largest daily decline in more than two years, pending the release of many economic data ahead of the monthly jobs report expected at the end of this week. The impact of the dollar’s rise – which has risen …
Read More »Market Drivers – US Session 04/10/2022
Markets were generally optimistic for a second consecutive day, leading to a continued dollar selloff after five-day loss streak while other financial assets were not shy to immediately benefit from the softer American dollar.Government bonds kept recovering ground, keeping yields under pressure, which weighed on the US dollar. The EUR/USD …
Read More »Wall Street Soaring On Dollar Weakens, US Jobs Data
The yield on the benchmark 10-Year US Treasury note fell 9 basis points to 3.66%, a two-week low, while the dollar index, which tracks the greenback against a basket of six developed economy currencies, fell around a quarter point to 110.65. The S&P 500 meanwhile, rose 2.8%, while the Dow …
Read More »Market Drivers – US Session 3/10/2022
The US dollar resumed its decline at the beginning of the week on the first US trading session in October, ending Monday with losses across the board while Government bond yields were sharply lower but moved off their intraday lows ahead of the close.The EUR/USD pair was able to advance …
Read More »Market Drivers – US Session 28/09/2022
Gold prices soared, and XAUUSD trades at $1,660 per troy ounce, its highest for the week. Crude oil prices recovered, and WTI settled at $82.00 a barrel. The US dollar pushed its rally throughout the first half of the trading day but changed its direction dramatically after Wall Street’s opening. …
Read More »Why has US dollar been slammed during US session?
US treasury yield fell, on Wednesday, after climbing to the highest since January 2008. The yield on the US 10-year note was last seen down 24.2 basis points to 3.705%, after earlier touching 4.01%, the first rise above 4% in nearly 15 years while money markets girded for higher interest …
Read More »August’s US Existing Home Sales Retreat By 0.4%
Existing Home Sales in the United States have declined for the seventh successive month in August to a seasonally adjusted annual rate of 4.8 million.The National Association of Realtors reported on Thursday that “sales were down 0.4% and 19.9% on a monthly and yearly basis, respectively”. “The median existing-home sales …
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