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WTI depreciates below $68.50, downside appears limited due to rising geopolitical tensions
West Texas Intermediate (WTI) Oil price retraces its recent gains, trading around $68.40 per barrel during the early European hours on Friday.
Nov 29, 2024
Australian Dollar rises as RBA Bullock states inflation too high to consider rate cuts
The Australian Dollar (AUD) extends its winning streak for the third successive session on Friday following the hawkish comments from Reserve Bank of Australia (RBA) Governor Michele Bullock.
Nov 29, 2024
WTI holds steady above $68.00, all eyes on OPEC+ meeting
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.85 on Friday. The WTI price steadies as the escalation in the Russia/Ukraine conflict offsets a less aggressive rate cut expectation from the Federal Reserve (Fed).
Nov 29, 2024
Japanese Yen jumps to over one-month high against USD after Tokyo CPI release
The Japanese Yen (JPY) strengthens across the board following the release of strong November consumer inflation figures from Tokyo, Japan’s capital, which backs the case for another Bank of Japan (BoJ) interest rate hike in December.
Nov 29, 2024
Gold remains above $2,600 amid geopolitical tensions, Fed easing speculation
Gold price consolidated around $2,630 on Thursday amid thin liquidity trading as US markets are closed for Thanksgiving. Geopolitics continued to drive the price of non-yielding metal, which dwindled during the last three trading days. The XAU/USD trades at $2,637, virtually unchanged.
Nov 29, 2024
ECB's Villeroy: Victory against inflation is in sight
The European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Thursday that the central bank should keep its options open for a bigger rate cut next month and its policy rate could eventually fall to a level that once again boots growth, per Reuters.
Nov 29, 2024
USD/JPY attracts some sellers below 151.00 as Japan’s Tokyo CPI inflation accelerates in November
The USD/JPY pair loses traction to around 150.95 during the early Asian session on Friday. The Japanese Yen (JPY) edges higher after the hotter-than-expected Japan’s Tokyo Consumer Price Index (CPI) inflation report for November.
Nov 29, 2024
USD/CAD drops even though US Dollar rebounds, Canadian Q3 GDP in focus
USD/CAD ticks lower as the Canadian Dollar gains on expectations of healthy trade negotiations with the US.
Nov 28, 2024
Bitcoin Price Forecast: FUD in the market as Thanksgiving approaches
Bitcoin (BTC) price declines and falls below the $95,000 level on Thursday.
Nov 28, 2024
China’s Commerce Ministry: Imposing tariffs arbitrarily on trade partners cannot solve problems within US
Commenting on US President-elect Donald Trunp’s tariff threat, Chinese Commerce Ministry said on Thursday that “China’s stance of opposing unilateral tariff increases has been consistent.” “Imposing tariffs arbitrarily on trade partners cannot solve the problems within the United States itself,” the
Nov 28, 2024
GBP/USD edges lower to near 1.2650 as latest US inflation report keeps Fed on alert
GBP/USD faces challenges due to increasing caution surrounding the Fed’s decision next month.
Nov 28, 2024
EUR/JPY Price Forecast: Retakes 160.00 mark on weaker JPY; not out of the woods yet
The EUR/JPY cross gains some positive traction during the Asian session on Thursday and moves away from its lowest level since early October, around the 159.10 region touched the previous day.
Nov 28, 2024
Gold price trades with modest losses, downside seems limited amid trade war fears
Gold price (XAU/USD) extends the previous day's retracement slide from the $2,658 region and drifts lower during the Asian session on Thursday.
Nov 28, 2024
Silver Price Forecast: XAG/USD falls below $30.00 due to easing geopolitical tensions
Silver price (XAG/USD) extends its losses for the second consecutive day, trading around $29.90 per troy ounce during the Asian session on Thursday.
Nov 28, 2024
Donald Trump says Mexico's President agreed to stop migration
US President-elect Donald Trump said on Wednesday that Mexico's President Claudia Sheinbaum agreed to stop migration through Mexico, and into the United States, effectively closing our Southern Border, per the New York Times.
Nov 28, 2024
GBP/USD recovers ground as markets tilt into risk-on sentiment
GBP/USD finally broke back above 1.2600 on Wednesday, propelled higher by a broad-market softening in the Greenback’s recent bullish stance.
Nov 28, 2024
Ripple's XRP eyes rally to $2.58 as whales step up buying pressure
Ripple's XRP rallied 6% on Wednesday following increased buying pressure among whales in the past two weeks. The remittance-based token could stage a move to $2.58 amid increased institutional interest in the launch of an XRP exchange-traded fund (ETF) in the US.
Nov 28, 2024
EUR/USD gains ground, but recovery remains limited
EUR/USD caught a broad-market bid on Wednesday, taking a new run at the 1.0600 handle during the midweek market session. Fiber’s bullish rebound was due mostly to investors broadly taking a step out of recent Greenback buying pressure, rather than any instrinsic strength within the Euro itself.
Nov 28, 2024
US expected to unveil further AI chip sanctions against China on Monday
The US is expected to announce another set of measures on Monday designed to further restrain China's ability to develop advanced artificial intelligence, per WIRED.
Nov 28, 2024
Crude Oil ticks up rumours picking up on OPEC+ discussions
OPEC+ has started discussions on its production restart plans.
Nov 27, 2024
