Analysis

Middle East War Bolsters Gold Prices

Middle East War Bolsters Gold Prices

The week started with a surge in gold prices, climbing nearly 1%, driven by the escalating conflict in the Middle East involving Israel and the Palestinian militant group Hamas.
PU Prime | 380日前
EUR & CHF – EUR Set to Go Further Down to 1.04

EUR & CHF – EUR Set to Go Further Down to 1.04

The EUR/USD pair has bounced back from its recent low of 1.0450, but it could struggle to find enough buyers as it approaches the 1.0530/1.0550 range. The US dollar remains an unattractive sell, and there is currently no compelling narrative in the eurozone to counter the exceptionalism story in the United States.
ACY Securities | 382日前
How Further Will the US Dollar Correct?

How Further Will the US Dollar Correct?

Bonds experienced another tumultuous trading session, yet this time around, yields headed in a downward direction. This shift was partly attributed to a less-than-ideal ADP payroll report (known for its unreliable predictive power), which acted as a deterrent against further selloffs.
ACY Securities | 382日前
Daily Global Market Update

Daily Global Market Update

Pound-dollar: +0.4%, RSI positive. Bitcoin: -1.1% despite intraday high. Oil: -2%, oversold (Ultimate Oscillator). Aussie-dollar: +0.6%, MACD negative. Ledger CEO cuts 12% staff. Bank of England considers rate cuts. Crude prices dip on Russia news. Economic releases: US Non-farm Payrolls, Japan's Coincident Index, Finland's Trade Balance, Germany's Factory Orders, UK's CFTC GBP NC Net Positions.
Moneta Markets | 382日前
Dollar Mutes Ahead of Nonfarm Payroll

Dollar Mutes Ahead of Nonfarm Payroll

U.S. equity markets exhibited a subdued stance, mirrored by the sideways movement in both the dollar index and gold prices, all eyes turned toward the eagerly anticipated Nonfarm Payroll data set to be released today.
PU Prime | 382日前
Japanese Officials Declined to Confirm if Intervened

Japanese Officials Declined to Confirm if Intervened

The Japanese yen has remained strong in overnight trading following a relatively turbulent session yesterday. The currency briefly climbed back above the 150.00 level and reached an intraday high of 150.16 against the US dollar before sharply dropping to an intraday low of 147.43.
ACY Securities | 383日前
Keep Holding the USD Longs

Keep Holding the USD Longs

The ongoing US Treasury sell-off persists, creating a sense that a significant development is on the horizon. Increased volatility across various markets and broader credit spreads strongly encourages a cautious approach. In the present economic climate, this translates to maintaining a strong position in the US dollar.
ACY Securities | 383日前
Crypto hits a glass ceiling

Crypto hits a glass ceiling

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto hits a glass ceiling
FxPro | 383日前
Daily Global Market Update

Daily Global Market Update

The euro saw a 0.3% increase against the dollar, while the Dollar-Yen pair remained stable. Gold had a minor 0.1% drop, and Google's shares rose by 1.8%. The Pound gained against the dollar due to a weaker U.S. currency and positive UK business data, while global economic concerns and China-Germany financial cooperation were noted.
Moneta Markets | 383日前
Dollar Ticks Lower by Poor Job Data

Dollar Ticks Lower by Poor Job Data

The US dollar plunged below the pivotal $107 threshold, following a mere 89,000 increase in private-sector employment in the last month, marking its lowest figure since September 2021.
PU Prime | 383日前
Daily Global Market Update

Daily Global Market Update

Bitcoin down 0.4%, Tesla -0.8%, Aussie Dollar -0.8%, Gold -0.1%. Saudi Arabia may extend OPEC+ cuts amid recession. US dollar at 10-month peak; Euro, Pound, Yen down. Upcoming: US ADP Employment, ISM PMI, Eurozone Retail Sales & Producer Price Index, Japan Bank Services PMI, Foreign Bond Investment.
Moneta Markets | 384日前