Gold price eyes a recovery after a long sell-off
Gold price (XAU/USD) finds buying interest on downbeat United States labor market data. The US Automatic Data Processing (ADP) has reported a sharp decline in the hiring of private payrolls for September. US employers picked 89k fresh talent from the market against expectations of 153k and August’s reading of 177k. This indicates a soft labor […]
Silver price falls back as US Job Openings data outperformed expectations
Sliver price (XAG/USD) resumes its downside journey as the United States Bureau of Labor Statistics has reported an upbeat JOLTS Job Opening report. In August, employers posted 9.61 million job vacancies against expectations of 8.8 million. The US Dollar Index (DXY) climbs above a fresh 11-month high at 107.20 on higher-than-expected job vacancies. The 10-year […]
Gold price refreshes six-month low to 1,833.00
Gold price (XAU/USD) continues its losing spell despite the fact that Friday’s soft core Personal Consumption Expenditures (PCE) inflation vanishes odds of a hawkish interest rate decision from the Federal Reserve (Fed) in the November monetary policy meeting. The precious metal struggles for a firm footing as Treasury yields continue their bullish run as the […]
USD/JPY recovers to around 149.40
The US Dollar (USD) stages a recovery against the Japanese Yen (JPY) in the mid-North American session, reclaiming the 149.00 figure after dipping towards the 148.52 daily low during the Asian and European session. Nevertheless, bounced off the lows and hovers at around 149.40s, gaining 0.12%. Data revealed from the United States (US) showed inflation […]
Gold price (XAU/USD) has been dumped heavily by market participants
Gold price (XAU/USD) has been dumped heavily by market participants as Federal Reserve (Fed) policymakers reiterate their hawkish stance on the interest rate outlook. The precious metal continues its three-day losing spell as bets for unchanged interest rates fade amid a resilient US economy. The US Dollar attracts significant bids as strong consumer spending and […]
The USD/CHF has cleared 0.9200
The USD/CHF is on track to close in the green for the eleventh straight week as the Greenback (USD) picks up further steam against the Swiss Franc (CHF). US data beats continue to bolster the USD, and rising US Treasury yields on the back of concerns over a potential US government shutdown are adding fuel […]
Pound Sterling faces an intense sell-off
The Pound Sterling (GBP) remains on a bearish trajectory as investors worry about the UK’s economic outlook. The GBP/USD pair weakens further as a persistent Consumer Price Index (CPI) and a restrictive interest rate policy by the Bank of England (BoE) continue to accelerate the burden on households. The outlook for the GBP/USD pair worsened […]
USD/CHF consolidates around 0.9050
The USD/CHF pair traded in a narrow range near 0.9050 in the late European session. The Swiss Franc asset has remained in the grip of bulls broadly as the Swiss National Bank (SNB) announced a steady interest rate decision on Thursday, keeping interest rates at 1.7% while investors anticipated an interest rate increase by 25 […]
USD/CAD seeing mid-Thursday rejection from the topside
The USD/CAD lifted in early Thursday trading, clipping into 1.3520 before seeing a clean rejection, and is now trading down into 1.3475 as the Greenback (USD) takes a breather and the Loonie (CAD) finds support from bouncing crude oil prices. The oil-based Loonie is finding some minor support from crude prices heading into the end […]
The USD/CAD is trying to recover the day’s losses
The USD/CAD started Tuesday in freefall, declining from the day’s open near 1.3480 and tapping into 1.3380. Rising oil prices are bolstering the Loonie (CAD), as concerns over global supply constraints knock crude barrel costs into the ceiling. Despite the Loonie-led dip, the USD/CAD is recovering into the middle ground. Greenback (USD) traders are keeping […]
