Gold price drops in Friday’s early Asian session. The stronger US GDP growth drags Gold price lower, but rising Fed rate cut expectations might help limit its losses. All eyes are on the US PCE inflation data, which is due later on Friday. Gold price (XAU/USD) loses momentum amid the firmer US Dollar (USD) on […]
WTI price loses ground near $75.15 in Thursday’s early Asian session. Soft demand in China weighs on the WTI price. The threat of supply disruptions in Libya and Middle East geopolitical risks might cap the downside. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $75.15 on Thursday. The WTI price edges […]
WTI trades in positive territory for the third consecutive day near $76.75 in Tuesday’s early Asian session. Libya’s shutdown of production and exports fuelled fresh supply concerns, boosting the WTI price. The sluggish Chinese economy and oil demand concerns might cap the black gold’s upside. West Texas Intermediate (WTI), the US crude oil benchmark, is […]
Gold price edges lower in Monday’s Asian session. Fed’s rate cut expectation and ongoing geopolitical tensions continue to underpin Gold price. The US July Durable Goods Orders are due later on Monday. The Gold price (XAU/USD) trades with mild losses near the $2,500 psychological support on Monday. However, the downside of the precious metal might […]
Gold price edges higher and moves away from the weekly low touched on Thursday. Dovish Fed expectations prompt fresh USD selling and continue to act as a tailwind. Geopolitical risks further act as a tailwind ahead of Fed Chair Jerome Powell’s speech. Gold price (XAU/USD) fell more than 1% on Thursday as bulls opted to […]
Commodity Trading Advisor (CTA) trend followers have pummeled crude oil markets over the last sessions, Daniel Ghali, TDS Senior Commodity Strategist, notes. Oil bulls face challenges from the supply-side “While algos have just a few more bullets to fire, CTAs are now approaching their effective ‘max short’ positions in crude markets, with several consecutive whipsaws now diminishing the […]
Here is what you need to know on Wednesday, August 21: The US Dollar (USD) holds its ground against its major rivals early Wednesday as markets wait for the US Bureau of Labor Statistics to announce the preliminary benchmark revisions to Nonfarm Payrolls. Later in the American session, the Federal Reserve will release the minutes […]
Oil price on the brink of flipping a negative performance into a positive one for this Monday’s trading day. Prices retreated earlier as traders focused on Chinese demand fears and efforts to get a ceasefire deal in Gaza. The US Dollar Index eases further after hedge funds go long on the Japanese Yen, which appreciates […]
Here is what you need to know on Friday, August 16: The US Dollar (USD) outperformed its rivals on Thursday, boosted by the upbeat macroeconomic data releases from the US. After rising 0.5%, the USD Index stays in a consolidation phase below 103.00 as markets await Housing Starts and Building Permits data for July. Additionally, […]
We expect notable CTA buying activity in Copper markets this session to set the stage for subsequent buying exhaustion, TDS senior commodity strategist Daniel Ghali notes. CTA buying activity in Copper to slow down “CTA trend followers will now be tapped out without a substantial rally propelling Copper prices back towards the $9,800/t mark. The […]
Gold prices fell in Philippines on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 4,512.63 Philippine Pesos (PHP) per gram, down compared with the PHP 4,527.93 it cost on Monday. The price for Gold decreased to PHP 52,634.40 per tola from PHP 52,812.93 per tola a day earlier. Unit measure […]
Here is what you need to know on Tuesday, August 13: While major currency pairs spent the first day of the week fluctuating in tight ranges, Gold gathered bullish momentum and climbed above $2,470. The trading action turns subdued early Tuesday as investors await the July Producer Price Index (PPI) data from the US. During […]
