Gold gained by over 1% to reach a good $1,940 on Wednesday. Strategists at Commerzbank expect the yellow metal to extend its advance as critical NATO Summit on Ukraine could result in further sanctions against Russia. Gold in demand as safe-haven and store of value “The gold ETFs tracked by Bloomberg have registered inflows of nearly 33 tons this week. Inflows...
AUD/USD sticks to gains above mid-0.7100s, lacks bullish conviction ahead of FOMC 26 January 2022, 08:50 •A combination of factors assisted AUD/USD to gain some positive traction on Wednesday. •Stability in the equity markets, RBA rate hike bets benefitted the perceived riskier aussie. •Investors, however, preferred to wait on the sidelines ahead of the...
21 January 2022, 11:59 Gold corrected further from a two-month high touched on Thursday amid hawkish Fed expectations. The risk-off mood, retreating US bond yields acted as a tailwind and helped limit any further downfall. Investors might also refrain from placing aggressive bets ahead of the FOMC policy meeting next week. Gold extended the overnight...
GBP/USD to extend its slide, 1.3530 aligns as the next target on the downside 21 January 2022, 11:38 GBP/USD has come under renewed bearish pressure on Friday. Disappointing UK data and failure of 1.3600 support points to further losses, FXStreet’s Eren Sengezer reports. Next support for the pair aligns at 1.3530 “The UK's Office for National Statistics...
EUR/USD regains the smile following recent strong pullback. The YTD low at 1.1272 emerges as the next support. EUR/USD regains some buying interest after bottoming out in the proximity of 1.1310 on Tuesday. The bias appears tilted to further retracement in the very near term. That said, a deeper decline remains on the cards if spot breaks below the weekly low at...
EUR/JPY struggles for direction around 129.80 after the earlier bullish attempt ran out of steam near the 130.00 barrier on Wednesday. Price action in the cross now seems to favour extra decline in the short-term horizon, particularly after EUR/JPY remains unable to retest/surpass the YTD peaks in the 131.50/60 region (January 5). Against that, extra losses...
The knee-jerk in the greenback helps the recovery in the pair. German final December CPI rose 0.5% MoM and 5.3% YoY. Finally, some respite for the single currency now motivates EUR/USD to leave behind the area of recent lows and retake the 1.1350 region on Wednesday. EUR/USD focused on dollar, yields EUR/USD sees some light at the end of the tunnel after three...
Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start. Today I want talk with you about USD/CAD Price bounced from this level and making second wave. I think that price can break next checkpoint after that. Then I see that USD/CAD can continue...