In the US trading session on Thursday (October 3), affected by the comments of US President Joe Biden, gold prices rebounded sharply from a low near $2637, once touching $2662. In early trading Thursday, the Institute for Supply Management (ISM) unexpectedly stronger-than-expected services PMI showed that the U.S. economy remained on solid footing at the end of...
In European trading on Thursday (October 3), crude oil prices rose for the third day in a row, and international oil prices recorded their biggest one-day increase in nearly a year. On Thursday, WTI crude closed up 3.8% at $73.71 a barrel. Iran says it will respond "unconventionally" to an Israeli attack, amid Israel's ongoing conflict with Iran and amid concerns...
Shigeru Ishiba has reignited market bets on the yen "carry trade" and pushed the currency to a six-week low in an apparent policy change just 36 hours after he was formally sworn in as Japan's new prime minister. Usd/JPY closed up 2% on Wednesday. The yen extended its decline against the dollar on Thursday, briefly falling below Y147 to the dollar. As of...
The pound suffered its steepest fall in more than a year after Bank of England Governor Andrew Bailey hinted the boe could take a more aggressive approach to lowering interest rates. Sterling fell more than 1 per cent against both the euro and the dollar on Thursday (Oct 3) after Bailey said the central bank could be "a bit more aggressive" and "a bit more...
The EUR/USD exchange rate has fallen to 1.1027, a three-week low. The euro's fall reflects market expectations that the European Central Bank will continue to ease monetary policy aggressively, spurred by slow eurozone growth and inflation below the ECB's 2 per cent target. In recent data, the annual consumer price index in the Eurozone eased to 1.8% in...
Bitcoin recently completed a harmonic pattern near 66,500. The initial A-B,C-D reaction was positive, leaving many traders with the possibility that Bitcoin would return to 70K. But what's happening now is that the bearish scenario I'm considering has added more weight. From a different perspective, Bitcoin has been making significant ups and downs. When we look...