Gold Update: XAU/USD Eyes US Economic Data For GuidanceGold prices have been on the rise in recent weeks as hopes of a slower rate hike from the Fed are giving the yellow metal further support. A weaker dollar and fears of a global recession also make gold more attractive to investors holding other currencies. Today,…
The Australian dollar is closely tied to the global economy and equity markets. It depreciates when global equity markets decline and appreciates when they rise. Commodities also play a role in its strength. When commodity prices increase, they can entice exporters to increase their output. If commodities remain low, they can also hurt Australian dollar…
The ECB’s primary aim is to keep price stability in the markets. That is why it is so critical to pay close attention to their monetary policies. If the ECB does not manage to maintain stable prices, you can expect that the EURUSD will be prone to further turmoil. Wave analysis strategy When traders are…
Despite the recent bounce from 1.2275, the GBP/USD exchange rate continues to trade in a neutral trend mode. The pair is expected to continue its advance but is vulnerable to lingering interest rate risks. The upcoming week offers a number of data points that will likely fuel the move. The Bank of England will publish…
Having reached a five-month low earlier this week, the USD/CAD pair continues to climb back above the 50-day simple moving average. While the US Dollar’s support for risk appetite remains in place, the pair may struggle to hold above a key resistance level. A break below 1.3400 may trigger a bearish trend. However, a close…
Traders will have a busy week ahead, with a number of Federal Reserve speakers set to speak. These speeches will provide insight into the December FOMC meeting. They will also offer clues about how the Fed’s rate-hiking cycle will play out, and whether the Fed is ready to take more action to reduce inflation. The…
The company that is most closely associated with the Hong Kong Stock Exchange, SBI Holdings Confirms It Is Considering Exit from Hong Kong. In its annual report, released on January 13, the SBI Holdings stated that it is reviewing options for exiting its Hong Kong business. According to analysts, the company could either sell all…
Oil and Gas US: EIA Crude Oil Stocks Change in Week Ending Sept.4, 2020, has been the topic of discussion amongst energy analysts in a number of recent reports. On one hand, analysts are saying that the stock prices were on the rise due to oil prices at the time of its initial spike when…
