Gold Breaches Key Support on Heightened Fed Expectations

Gold Breaches Key Support on Heightened Fed Expectations

Feb 17, 2023 | Commodities

XAU/USD Analysis The blockbuster US jobs report at the beginning of February, revealed that unemployment dropped further to 3.4% and the lowest since 1969. This led to a repricing of expectations around the terminal rate, with markets embracing the Fed’s...
AUDUSD is under pressure following US inflation data

AUDUSD is under pressure following US inflation data

Feb 15, 2023 | Commodities

The AUDUSD charted a spinning top yesterday. This is a candle of uncertainty. Bulls tried to take price up and bears tried to take price down. Neither was successful, with AUDUSD closing fairly flat on the day. The resilient US core CPI is pressuring the currency...
Oil jumps as Russia cuts oil production

Oil jumps as Russia cuts oil production

Feb 10, 2023 | Commodities

Russia announced it is cutting its oil production by 500,00 bpd in March. This is in response to the West imposing price caps on Russian oil and related products. Both UKOil and USOil continue to trade in their neutral channels between their blue bands. However, both...
Gold Subdued as Key US Data Loom

Gold Subdued as Key US Data Loom

Jan 25, 2023 | Commodities

XAU/USD Analysis The precious metal edges towards its third straight profitable month and runs the sixth consecutive week of gains, having hit nine-month highs on Tuesday. This is largely to attributed to the USDollar’s demise, on market hopes for a less...
Emerging market basket shows signs of accumulation

Emerging market basket shows signs of accumulation

Jan 18, 2023 | Commodities

The FXCM EMBasket is an equally weighted basket of four emerging market currencies against the USD. The basket comprises: Chinese renminbi. Mexican peso. South African rand. Turkish lira. November 2020 to September 2021 saw the EMBasket charting a sideways...
USDJPY jumps as yield curve control maintained

USDJPY jumps as yield curve control maintained

Jan 18, 2023 | Commodities

The volatility for USDJPY increased after the Bank of Japan kept its interest rate targets unchanged. It left its short-term interest rates at -0.1% and the target for its 10-year bond at zero. The BoJ reiterated it will defend the 10-year yield at 0.5%. As a result,...