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...
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...
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,...
Dec 22, 2022 | Commodities
USOIL AnalysisThe US Fed moderated the pace of tightening, raising its terminal rate projection, while lowering its GDP forecasts, now expecting an anemic growth of 0.5% in the next year . This hawkish stance by the central bank of the world’s largest consumer...
Dec 20, 2022 | Commodities
The daily gold chart has charted a series of higher troughs followed by higher peaks (green zig-zags). We regard this as an uptrend. The precious metal may look to chart its next daily impulse up (daily +ve impulse scenario). We consider the hourly chart. Following...
Dec 19, 2022 | Commodities
Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments follow...