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Capital Markets Commodities Energy Commodities Forex Technical Analysis
September 15, 2023
By admin

Natural Gas Futures: Extra gains are not ruled out

Considering advanced prints from CME Group for natural gas futures markets, open interest went up by more than 5K contracts after three daily drops in a row on Thursday. On the opposite side, volume added to the previous daily decline and shrank by nearly 92K contracts. Natural Gas faces initial hurdle near $2.90 Prices of natural […]

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Capital Markets Commodities Forex Technical Analysis
September 15, 2023
By admin

USD/CAD Price Analysis: Extends its downside around 1.3500 amid a surge in crude oil prices

The USD/CAD pair extends its downside around the 1.3500 mark during the early European session on Friday. A rally in crude oil prices near the highest level since November 2022 boosts the commodity-linked Loonie against the US Dollar (USD) and acts as a headwind for the USD/CAD pair. According to the one-hour chart, USD/CAD holds below the […]

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Capital Markets Finance Technical Analysis
September 14, 2023
By admin

German car companies are deepening declines today after yesterday’s comments from Ursula von der Leyen

German car companies are deepening declines today after yesterday’s comments from Ursula von der Leyen, who confirmed that the EU will launch an investigation to look into ‘unfair advantages’ of Chinese electric cars imported into the EU. The declines come just days after Chinese electric manufacturers attracted attention at the high-profile IAA auto show in […]

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Banking Capital Markets Economic Forex Technical Analysis
September 14, 2023
By admin

Pound Sterling turns vulnerable as investors worry about economic outlook

The Pound Sterling (GBP) trades back and forth as investors await the UK CPI data for August, which will set an undertone for the Bank of England’s (BoE) September monetary policy decision. The GBP/USD pair consolidates as investors hope that a hawkish interest rate decision from the BoE will scrap its policy divergence with the Federal Reserve […]

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Capital Markets Commodities Energy Commodities Technical Analysis
September 14, 2023
By admin

Natural Gas price set to break September’s high

Natural Gas prices are increasing again after fresh news from the Australian Wheatstone LNG production site from Chevron. Adding to the lingering union strikes, another 25% production cut at the facility has been announced due to a workers’ fault. It appears it will take a few days for the production cut to be resolved. In the lingering […]

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Capital Markets Commodities Technical Analysis
September 14, 2023
By admin

Gold price subdued due to interest rate puzzle

Gold price (XAU/USD) remained subdued on Thursday as a stickier US inflation report for August confused investors about further direction. The precious metal strives for a decisive move as the market hopes that the impact of higher headline inflation due to rising gasoline prices remains limited to the headline Consumer Price Index (CPI). The US […]

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Banking Capital Markets Forex Technical Analysis
September 14, 2023
By admin

Chart of The Day EUR/USD

Today’s ECB decision, which will be announced at 13:15 BST, will be in the spotlight of global markets and has a good chance to drive volatility on the EURUSD. What’s more, both the rate hike and the rate hike will come as some kind of surprise to the markets, which are not decided on the […]

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Banking Capital Markets Economic Finance Forex Technical Analysis
September 14, 2023
By admin

ECB Preview: Three scenarios and their implications for EUR/USD – TDS

Economists at TD Securities discuss the European Central Bank (ECB) Interest Rate Decision and their implications for the EUR/USD pair. Hawkish (45%): 25 bps hike and dovish guidance 25 bps hike with slightly softer language in the press statement. President Lagarde reiterates the importance of remaining data dependent, but softens her language around further hikes to imply that the […]

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Banking Capital Markets Forex
September 14, 2023
By admin

PBOC told banks to hold off on immediate USD purchases in interbank market

Citing two sources with knowledge of the matter, Reuters reported on Thursday, the People’s Bank of China (PBOC) urged some of the country’s biggest banks to leave their forex market open positions for a while in order to alleviate downside pressure on the Yuan. Key takeaways PBOC asks some banks to hold off on immediate Dollar purchases […]

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Capital Markets Commodities Precious Metals Technical Analysis
September 14, 2023
By admin

Gold Price Forecast: XAU/USD treads waters above $1,900 to retrace recent losses

Gold price attempts to snap a two-day losing streak, edging higher around $1,910 per troy ounce during the Asian session on Thursday after Consumer Price Index (CPI) data from the United States (US). US Consumer Price Index (CPI) (YoY) exceeded expectations, rising to 3.7% from the previous rate of 3.2%, surpassing the market’s anticipated 3.6% for August. […]

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