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Archive for September, 2023

Capital Markets Commodities Precious Metals Technical Analysis
September 28, 2023
By admin

Gold price bounces off multi-month low on weaker risk tone, not out of the woods yet

Gold price (XAU/USD) attracts some haven flow on Thursday and for now, seems to have snapped a three-day losing streak to a six-and-half-month low, around the $1,873-1,872 zone touched the previous day. Furthermore, a modest downtick in the US Treasury bond yields holds back the US Dollar (USD) bulls from placing fresh bets and turns […]

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Economic Forex Technical Analysis
September 28, 2023
By admin

Euro bounces off lows near 1.0490 ahead of key data

Following new eight-month lows around 1.0490, the Euro (EUR) now manages to gather some fresh upside traction against the US Dollar (USD), encouraging the EUR/USD to reclaim the 1.0500 barrier and above in the wake of the opening bell on the old continent on Thursday. On the other hand, the Greenback’s rally faces some headwinds soon after […]

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Capital Markets Commodities Forex Technical Analysis
September 28, 2023
By admin

USD/CAD trades below 1.3500, faces pressure due to upbeat Crude oil prices

USD/CAD extends losses on the second successive day, trading lower around 1.3490 during the early European trading hours on Thursday. The pair is facing challenges due to the surge in Crude Oil prices. Crude oil prices surged to levels exceeding one-year highs due to ongoing indications of a tightening global supply and cautious optimism regarding an […]

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Commodities Energy Commodities Technical Analysis
September 28, 2023
By admin

Natural Gas Futures: Corrective move could be in the offing

Open interest in natural gas futures markets shrank for the fourth session in a row on Wednesday, this time by just 179 contracts according to preliminary readings from CME Group. In the same line, volume went down by around 161.3K contracts, partially reversing the previous daily build. Natural Gas: Upside appears limited around $3.00 Natural […]

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Capital Markets Commodities Energy Commodities Technical Analysis
September 21, 2023
By admin

Natural Gas Futures: Extra losses in the pipeline

Considering advanced readings from CME Group for natural gas futures markets, open interest went up by around 5.1K contracts after two consecutive daily pullbacks on Wednesday. In the same line, volume rose by around 18K contracts, reversing two consecutive daily builds. Natural Gas: Immediate support comes at $2.60 Wednesday’s downtick in prices of natural gas was on […]

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Banking Capital Markets Economic Finance Fintech Forex Technical Analysis
September 20, 2023
By admin

Fed Preview: Forecasts from 15 major banks, a pause, but the end of rate hikes?

The US Federal Reserve will announce its Interest Rate Decision on Wednesday, September 20 at 18:00 GMT and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of 15 major banks.  The Fed is widely expected to leave its rates unchanged at 5.25%-5.50% and signal a hike in November. New macro forecasts […]

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Capital Markets Commodities Precious Metals Technical Analysis
September 20, 2023
By admin

Gold Futures: A sustained drop appears not favoured

CME Group’s flash data for gold futures markets noted traders reduced their open interest positions for the second session in a row on Tuesday, this time by around 2.5K contracts. Volume followed suit and shrank for the third consecutive day, this time by nearly 6K contracts. Gold faces the next hurdle at $1945 Tuesday’s daily […]

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Capital Markets Economic Forex Technical Analysis
September 20, 2023
By admin

UK CPI inflation unexpectedly dips to 6.7% in August

The official data released by the Office for National Statistics (ONS) showed on Wednesday that the United Kingdom’s (UK) annual Consumer Price Index (CPI) edged 6.7% higher in August, cooling off from a 6.8% rise in July. The market consensus was for a 7.1% increase. The Core CPI index (excluding volatile food and energy items) rose 6.2% […]

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Capital Markets Commodities Energy Commodities Technical Analysis
September 20, 2023
By admin

WTI holds below $90.00, retracing from 10-month highs amid profit-taking

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.45 so far on Wednesday. WTI prices lose momentum after hitting the highest level since November 2022 of $93.75. WTI prices face some selling pressure due to profit-taking by traders ahead of the Federal Reserve (Fed) interest rate decision. The Fed is widely expected […]

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Capital Markets Forex Technical Analysis
September 20, 2023
By admin

EUR/USD Price Analysis: Remains sideways around 1.0680, FOMC decision eyed

EUR/USD attempts to recover from the previous day’s losses, hovering around 1.0680 during the Asian session on Wednesday. The pair remains sideways due to the market caution ahead of the interest rate decision by the US Federal Reserve (Fed), scheduled for release later in the North American session. The key support for the EUR/USD pair appears around […]

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