Apr 21, 2023 14:03
The US Dollar Index is in the green in advance of provisional US S&P PMI data. Thursday's market behavior was erratic after the publication of the eleventh consecutive report of higher-than-anticipated unemployment claims. The Fed's decision to increase interest rates has led to persistently deteriorating labor market conditions.
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Apr 21, 2023 13:58
Apr 20, 2023 13:54
Apr 20, 2023 13:51
Apr 19, 2023 16:00
Foreign exchange trading reminder on October 25: Powell issued an inflation warning, the dollar's decline narrowed, the safe-haven currency rose
Golden Weekly Review: Soaring inflation expectations support the rise in gold prices, but Powell hit the market
Foreign Exchange Weekly Review: The U.S. dollar has fallen for two consecutive weeks, and commodity currencies have emerged
Gold trading reminder: the reduction is imminent and the bulls are afraid, but analysts are still generally bullish on the price of gold
U.S. inventories fell, OPEC increased production slowly, U.S. oil broke through the 84 mark and continued to hit a new high in nearly seven years
Apr 21, 2023 14:03
Volatility subsides around 101.80 as focus shifts to US S&P PMI in US Dollar Index Price Analysis
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Apr 21, 2023 13:58
Apr 20, 2023 13:54
Apr 20, 2023 13:51
Apr 19, 2023 16:00
Apr 19, 2023 15:54
Apr 18, 2023 14:02
Apr 18, 2023 13:54
Feb 27, 2023 14:11
As The Dollar Rises, Oil Falls Despite Russian Supply Cuts
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Feb 27, 2023 14:08
Feb 24, 2023 13:34
Feb 24, 2023 11:49
Feb 23, 2023 11:56
Feb 23, 2023 11:45
Feb 22, 2023 14:06
Feb 22, 2023 11:57
Feb 27, 2023 14:06
Toyota's January Vehicle Output Rose 8.8% But Fell Short of Expectations
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Feb 27, 2023 14:02
Feb 24, 2023 11:34
Feb 24, 2023 11:21
Feb 23, 2023 13:54
Feb 23, 2023 11:58
Feb 22, 2023 14:20
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Mar 06, 2023 17:24
DAX, CAC, and FTSE 100: Futures Point to a Bullish Session
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Mar 06, 2023 17:13
Mar 03, 2023 15:43
Mar 03, 2023 14:49
Mar 02, 2023 16:08
Mar 01, 2023 15:37
Feb 28, 2023 15:50
Feb 28, 2023 15:37
Mar 06, 2023 17:01
Crypto Market Daily Highlights: BTC Delivered Market Support
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Mar 06, 2023 16:54
Mar 03, 2023 14:19
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Mar 02, 2023 15:47
Mar 02, 2023 15:35
Mar 01, 2023 15:55
Mar 01, 2023 15:41
As concerns of a global economic decline intensify, the oil price struggles to maintain the immediate support of $77.00. To combat persistent inflation, global central banks are preparing for a new cycle of interest rate increases. Fears of a global economic downturn have caused investors to disregard China's optimistic outlook.
Ahead of provisional US S&P PMI data, the gold price is oscillating in a tight range around $2,000. A USD Index advance beyond the 100.90-102.03 threshold will be considered decisive. After rising above the immediate resistance leveled at $2,011.90, the gold price is anticipated to continue to rise.
As the USD Index has entered a mode of declining volatility, the price of gold is in a sideways trend. The market expects that constrained credit conditions will impact the working capital management of cash-dependent companies. To prevent a decline in asset quality, banks have tightened credit disbursement requirements.
Silver price breaks a two-day winning trend and falls to a new intraday low. The Silver Institute reports a record supply deficit as the global XAG/USD demand reaches a new apex in 2022. Inflation and rate increase apprehensions combine with geopolitical worries to boost the Silver price.
The price of Natural Gas falls from its greatest point in a month to record its first daily decline in three. XNG/USD supporters are also bolstered by a strengthening US Dollar, rumors of sufficient gas supplies in the United Kingdom, and milder weather in the West. In the midst of a sluggish session, geopolitical concerns and hawkish Fed wagers support a USD recovery.