Gold is struggling to gain any significant traction and is trading in a range on Monday. A modest pullback in the dollar from two-decade highs offers some support for the metal. Expectations of an aggressive tightening by the main central banks could continue to be limited. The Prayed it lacks a firm directional bias and […]
Tag: Commodities
Forex Today: Dollar builds on last week’s gains
This is what you need to know to trade today monday september 5: The US dollar index DXY maintains its upward momentum after gaining 0.7% last week and has reached its highest level in two decades above 110.00 early on Monday. Market caution helps the dollar continue to outperform its rivals as investors wait investor […]
Forex Today: The dollar consolidates its gains, focus on the employment report for August from the US.
This is what you need to know to trade today friday september 2: Buoyed by encouraging macroeconomic data releases in the US, the Dollar Index (DXY) reached its highest level in almost two decades on Thursday, around 110.00. With investors stepping back in anticipation of the US August jobs report, DXY consolidates gains near 109.50. […]
Forex Today: The dollar begins September with a firm step
This is what you need to know to operate the Thursday September 1: Following Wednesday’s volatility amid month-end flows, the dollar gained strength early on Thursday with the Dollar Index breaking above the 109.00 zone. Although the dollar lost some interest after US data showed private sector employment grew at a much softer-than-expected pace in […]
Gold falls to a new monthly low below $1,720
Gold was again under bearish pressure in the European session on Tuesday. The 10-year US Treasury bond yield is rising, weighing on XAU/USD. Dollar Index gains ground ahead of jobs data. Having spent the Asian session fluctuating in a relatively tight channel above $1,720, gold turned south during European trading hours and fell to its […]
Forex Today: Spotlight on European Inflation Data and US ADP Report.
This is what you need to know to trade today Wednesday, August 31: Markets remain relatively subdued midweek as investors await euro zone inflation data. In the second half of the day, the new ADP employment report for the private sector will be the protagonist of the US economic docket. In early morning Europe, US […]
Silver Price Analysis: XAG/USD bears in control below $19.00
Silver remains on the defensive, near one-month lows hit on Monday. The situation favors bearish traders and supports the prospect of further losses. Any recovery attempts above the $19.00 mark are likely to run out. the silver it struggles to gain traction on Tuesday and is holding close to a one-month low hit the day […]
Forex Today: Markets Quiet Ahead of Key Data Release
This is what you need to know to trade today tuesday august 30: Following Monday’s choppy session, markets appear to have calmed down on Tuesday with the Dollar Index (DXY) continuing to move sideways below 109.00 in European morning. US stock index futures are up 0.2%-0.4%, pointing to an improving mood in the markets. The […]
EIA: Russia’s oil production has not fallen as much as expected — Fatih Birol
The head of the International Energy Agency (EIA), Fatih Birol, He noted on Monday that Russia’s oil production had not fallen as much as expected because it managed to find new markets outside Europe and added that domestic demand remained strong, according to Reuters. “In the future, it would be difficult for Russia to maintain […]
Forex Today: Dollar Strengthens After Last Week’s Gains on Bets on an Aggressive Fed
This is what you need to know to trade today monday august 29: Following FOMC Chairman Jerome Powell’s speech at the Jackson Hole Symposium on Friday, the Dollar Index gained strength and posted weekly gains. The index started the new week on a strong note and reached its highest level in two decades near 109.50. […]