Gold Breaks Below $4,000, Is $3,600 The Next Major Level?
I joined Jeremy Szafron on Kitco News to walk through the current setup in gold, silver, the U.S. dollar, the yen, and the broader stock market. Gold has broken below…
Read More »Singapore Dollar: Gains momentum against US Dollar – OCBC
OCBC’s FX strategists Sim Moh Siong and Christopher Wong highlight that USD/SGD has eased as US Dollar (USD) momentum softened on core Personal Consumption Expenditures (PCE) Price Index data, with…
Read More »Gold weakens back below $4,000 as Fed hike bets and Hormuz risks support safe-haven USD
Gold (XAU/USD) struggles to capitalize on the previous day’s modest recovery move and meets with a fresh supply during the Asian session on Friday amid the emergence of some US…
Read More »investingLive Asia-Pacific FX news wrap: IRGC reject Omani-IMO Hormuz transit framework
Rupee set to rally at open as oil slides below pre-Iran war levels, bucking Asia weakness Australia jobs bounce masks part-time tilt and April revision as RBA August hold holds…
Read More »Forex Today: US Dollar surges to 13-month high as traders assess Global flash PMIs
The US Dollar Index (DXY) surged to a one-year high near 101.40 on Tuesday as investors digested the latest S&P Global US Purchasing Managers Index (PMI), which showed business activity…
Read More »PBOC is expected to set the USD/CNY reference rate at 6.7733– Reuters estimate
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most…
Read More »Panic Selling Yesterday Sparked Todays Bounce, BUT…
Good morning, traders, Markets are active this morning, with technology bouncing, oil moving lower, the dollar pushing higher, and bonds trying to firm. Yesterday brought a wave of panic selling,…
Read More »New Zealand Dollar extends decline as Fed tightening expectations support US Dollar
NZD/USD trades around 0.5740 at the time of writing on Friday, down 0.28% on the day, as the US Dollar (USD) continues to benefit from expectations of a restrictive monetary…
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