WTI holds after $93.00 as markets weigh chances of a US-Iran
West Texas average (WTI) the US benchmark for Crude Oil traded within a narrow range during Thursday Asian session pausing the previous session recovery from levels below $87.00 which marked a more than two week low. The commodity is currently hovering around the mid-$92.00 area down nearly 0.65% on the day as traders react to […]
Gold Holds above $4,650 as Iran Peace Hopes Weigh on US Dollar
Gold holds firm above the $4,650 mark and stays close to a more than one-week high during the European session on Wednesday. The valuable metal continues to benefit from wide US Dollar weakness as hopes for a viable peace agreement between the US and Iran improves market sentiment. The softer USD has helped Gold recover […]
AUD/JPY Holds Near 112.50 as RBA Rate Hike Supports Aussie Yen Volatility Persists
AUD/JPY regains just holding near 112.50 after the Reserve Bank of Australia (RBA) high its official cash rate to 4.35%. The pair trades around 112.65 in early European hours on Tuesday with the Australian Dollar gaining modest support from the rate decision. Traders now look ahead to Governor Michele Bullock press conference for further instruction. […]
EUR/USD Forecast: Holds above 1.1700 upturn Still Supported
EUR/USD met some selling stress after rising to the mid-1.1700s during the Asian session closing much of the bullish gap seen at the start of the week. Despite this the pair is still holding above the key 1.1700 level so traders should be careful before expecting a continuity of Friday’s pullback from the recent high. […]
EUR/CAD falls about 1.5900 as risk aversion means on Euro
EUR/CAD continues to move lower for the third direct session trading near 1.5920 during Friday Asian session. The pair is under stress as the Euro weakens mostly due to rising risk aversion linked to ongoing tensions in the Middle East. On Thursday US President Donald Trump said the naval siege of Iranian ports would remain […]
Gold holds above $4,550 but downside reminder limited as the US Dollar strong
Gold (XAU/USD) is trading just higher in early Thursday European session, holding on to little gains after impressive a fresh monthly low in the early session. However the overall outlook remains careful. The US Dollar continues to adjust for the fourth direct day following a quite hawkish stance from the Federal Reserve. Ongoing tensions between […]