Silver Price Outlook: XAG/USD Approaches $34.00, Yet Stays Below Multi-Year High
The fund has gained significantly after pulling back overnight from a 12-year high. A move above $34.25-34.30 is needed to support hopes of more gains. A drop could attract the…
Gold Prices Rise Slightly as US Bond Yields Fall and Dollar Weakens
Gold is gaining momentum and is continuing its pullback from all-time highs overnight. The decline in US bond yields has led to some gains in the US dollar, which is…
WTI Flat Below $70.00 Mark with Demand Worries Keeping Prices in Check
WTI lacked a clear indicator on Tuesday as fundamental data was mixed. Worries about slowing demand continue to weigh on oil prices. Tensions in the Middle East call for caution…
XAG/USD Rally: Silver Surpasses $34.00 Driven by Safe-Haven Investment
During crisis periods in the region, exchange rates are supported by safe haven flows. Israel’s attacks on sites linked to Hezbollah’s financial markets in Beirut have raised fears of an…
GBP/JPY Retreats Below 195.00, Moving Away from Recent Highs
GBP/JPY fell for the second day in a row, helped by the stronger yen. Bets that the Bank of England will cut interest rates faster will weaken the pound and…
USD/CHF Climbs Above 0.8650 as Traders Anticipate Swiss Trade Balance Data
USD/CHF rose as latest US data reduced the risk of further rate cuts from the Federal Reserve. Improvements in U.S. Treasury yields are providing support for stronger currencies. The Swiss…
EUR/JPY Faces Slight Decline Above 162.00 Ahead of ECB Announcement
EUR/JPY fell after the European Central Bank cut interest rates again later on Thursday. Uncertainty and positive risk from the Bank of Japan kept a lid on yen movement, providing…
Japanese Yen Market Stalls as Rate Hike Speculation Continues
Amid the mixed sentiment, the yen has struggled to gain foreign exchange support. Uncertainty on inflation and disappointing data from the Bank of Japan limited the yen’s gains. Small cuts…
Australian Dollar Weakens Amid Expectations of Additional Fed Rate Cuts
The Australian dollar has weakened due to uncertainty over the Chinese economy. The ANZ-Roy Morgan Consumer Confidence Index held steady at 83.4 this week. The US dollar was supported by…
Japanese Yen Edges Down Against USD, Nears Two-Month Low Ahead of US PPI Release
The yen did not gain strength overnight due to uncertainty about inflation from the Bank of Japan. Positive risk could also weaken the yen, although weak demand could help reduce…
