Gold Price Forecast: XAU/USD bounces off two-day lows above $1790
Gold recovers ground and rises to $1793. Falling dollar offers support to the yellow metal. New US inflation data could
Markets
USD/CAD: The bears are approaching the support of the 200-day SMA
USD/CAD pulls back to two-month lows, with the 200-day SMA “safety net” just below. Hopes of a less aggressive Fed
USD/JPY falls below 132.50
USD/JPY moves lower for the second day in a row on Thursday amid fresh dollar selling. Diminishing odds of a
GBP/USD rises to 1.2230 area amid renewed USD selling bias
GBP/USD attracts buying at the 1.2180 area amid fresh selling around the USD on Thursday. Diminishing odds of a further
AUD/USD approaches 0.7100, focus on Wednesday’s two-month high
AUD/USD attracts some buying on Thursday and is back towards the 0.7100 level. Risk appetite weighs on the safe-haven dollar
IEA: Russian oil production to fall by 20% when European embargo comes into effect
Russian oil production is set to fall by around 20% by early next year as an import ban from the
The IEA sees an increase in demand for oil
Heatwaves in Europe and dwindling natural gas supplies due to high fuel prices are boosting demand for oil as power
USD/JPY risks falling towards 131.65 – UOB
Additional weakness has the potential to drag USD/JPY down to the 131.65 level. in the coming weeks, according to UOB
Natural Gas Futures: Rebound Could Lose Traction
Open interest in natural gas futures markets continued the downward trend and fell by just 169 contracts on Wednesday, according
IEA: Oil demand will increase by 2.1 million bpd in 2023 and exceed pre-covid levels
In its monthly report published on Thursday, The International Energy Agency (IEA) has said it expects global oil demand to
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