WTI lacks any firm intraday direction on Tuesday amid mixed fundamental cues. Concerns about slowing demand continue to act as a headwind for Oil prices. Middle East tensions warrant some caution before positioning for further losses. West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on the previous day’s modest gains and oscillate […]
The Japanese Yen struggles to lure buyers amid uncertainty over future BoJ rate hikes. Hopes for a possible Hezbollah-Israel ceasefire further undermine the safe-haven JPY. Intervention fears cap USD/JPY amid subdued USD demand, ahead of FOMC minutes. The Japanese Yen (JPY) attracted some intraday sellers on Tuesday and assisted the USD/JPY pair to stall its […]
Gold price remains on the defensive amid reduced bets for a 50 bps Fed rate cut in November. The USD consolidates last week’s strong gains and exerts some pressure on the XAU/USD. Geopolitical risks might continue to act as a tailwind and limit losses for the precious metal. Gold price (XAU/USD) trades with a negative […]
Israel said on Tuesday that halting Hezbollah’s attacks in the country’s north to allow thousands of residents to go back to their homes is now an official war goal, as it considers a wider military operation in Lebanon that could ignite an all-out conflict, according to the AP News. Israeli leaders have often vowed to take […]
USD/CAD drifts lower for the second straight day amid the prevalent USD selling bias. Dovish Fed expectations, along with a positive risk tone, continue to weigh on the buck. A modest downtick in Oil prices could undermine the Loonie and help limit deeper losses. The USD/CAD pair extends last week’s breakdown momentum through the 50-day […]
Iranian Supreme Leader Ali Khamenei has ordered a direct strike on Israel for the killing of Hamas chief Ismail Haniyeh, according to the New York Times on Wednesday. Iranian authorities and Hamas have blamed Israel for the strike that killed Haniyeh. The officials said Khamenei ordered commanders of the Islamic Revolutionary Guard Corps and Iranian […]
WTI bounces off a multi-day low touched on Monday, albeit it lacks follow-through buying. A modest USD strength acts as a headwind for the commodity amid China’s economic woes. Worries about supply disruption from the Middle East should help limit any meaningful slide. West Texas Intermediate (WTI) US crude Oil prices attract some dip-buying in […]
WTI struggles to gain any meaningful traction, though the bias seems tilted in favor of bulls. Escalating geopolitical tensions fuels supply concerns and acts as a tailwind for the commodity. The technical setup also suggests that the path of least resistance for Oil prices is to the upside. West Texas Intermediate (WTI) US crude Oil […]
