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Forex
EUR/JPY retreats as Euro slides on French political uncertainty
The Euro (EUR) extends its pullback against the Japanese Yen (JPY) on Friday, with EUR/JPY losing 0.35% to 176.40 at the time of writing, after reaching an all-time high of 177.94…
Which way out of the range
S&P 500 had trouble extending gains, and undershot an important support – only to rebound before the closing bell – respectable on such a risk-off day. What about today‘s opex?…
WTI Crude Oil dips below $60 as Gaza peace deal eases geopolitical risk
West Texas Intermediate (WTI) Crude Oil extends its slide for the second consecutive day on Friday, giving up all gains recorded earlier in the week as selling pressure…
UoM Consumer Sentiment Index edges lower to 55 in October vs 54.2 forecast
Consumer confidence in the United States (US) deteriorated slightly in early October, with the University of Michigan's Consumer Sentiment Index edging lower to 55 in its…
USD/CAD retreats below 1.4000 as strong Canada jobs data boost the Loonie
The Canadian Dollar (CAD) gains traction against the US Dollar (USD) on Friday, snapping a three-day losing streak after upbeat employment figures boosted investor confidence and…
Gold recovers ahead of US sentiment data; bulls defend $3,950 support zone
Gold (XAU/USD) regains upward momentum on Friday following a sharp pullback the previous day after retesting Wednesday’s all-time high of $4,059. At the time of writing, XAU/USD is…
Chance of dropping below 1.1540 – UOB Group
Oversold weakness has not stabilised; Euro (EUR) could drop below 1.1540. The next support at 1.1490 is unlikely to come into view. In the longer run, the outlook for EUR remains…
According to the EIA, the supply surplus to continue to rise – Commerzbank
But the signs point to a storm: In its latest monthly report, the US Energy Information Administration (EIA) confirmed that the Oil market is currently significantly oversupplied…
Gold rebounds as USD retreats, geopolitical risks and Fed bets support
Gold (XAU/USD) attracts some dip-buyers in the vicinity of the overnight swing low and climbs to the top end of its daily range during the first half of the European session on…
EUR/USD remains depressed, weighed by French political uncertainty
EUR/USD is posting minor gains on Friday, trading at 1.1575 at the time of writing after hitting fresh two-month lows near 1.1540 the previous day. The common currency has lost…