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US Dollar Index grinds higher past 102.00 as DXY bulls eye US Retail Sales, PPI
US Dollar Index picks up bids after the previous day’s mixed performance, mildly bid on weekly basis. Yields, downbeat Euro put a floor...
Candlestick & Company
Jan 18, 20231 min read
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Dollar steadies after hitting seven-month low, all eyes on yen
The dollar started the week on the back foot, hitting a seven-month low against a basket of major peers in Asian trade, with the yen in...
Candlestick & Company
Jan 16, 20232 min read
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Gold Price Forecast: XAU/USD climbs further beyond $1,900, highest since May 2022
Gold price continues scaling higher on Friday and touches a fresh multi-month peak. Bets for smaller Fed rate hikes continue to weigh on...
Candlestick & Company
Jan 13, 20231 min read
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Gold hovers below $1,880 as U.S. CPI reading looms, copper upbeat
Gold prices hovered around an eight-month high on Thursday as markets positioned for data that is widely expected to show a further...
Candlestick & Company
Jan 12, 20231 min read
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Gold Price Forecast: XAU/USD eases from eight-month high, downside remains cushioned
Gold price struggles to capitalize on its intraday positive move to a fresh multi-month peak. A modest US Dollar strength and a positive...
Candlestick & Company
Jan 11, 20231 min read
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Powell could shoot the Fed doves down
Good news is that Asian stocks entered bull market. Bad news is that the Federal Reserve (Fed) President Jerome Powell could hammer the...
Candlestick & Company
Jan 10, 20231 min read
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WTI marches towards $75.00 as China-linked demand hopes poke recession woes
WTI remains on the front foot around intraday high. China reopening, PBOC’s Shuqing propel expectations of higher energy demand. US data...
Candlestick & Company
Jan 9, 20231 min read
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Gold Price Forecast: XAU/USD to fall if US Core CPI beat estimates
Gold price is attempting a minor comeback while within a familiar range below the $1,800 mark ahead of the all-important United States...
Candlestick & Company
Dec 13, 20221 min read
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Gold creeps lower as U.S. Fed, CPI week kicks off
Gold prices fell slightly below key levels on Monday, with caution kicking in ahead of key U.S. inflation data and a Federal Reserve...
Candlestick & Company
Dec 12, 20222 min read
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Gold Price Forecast: XAU/USD seeks cushion above $1,780 as Fed policy outlook muddles US Dollar
Gold price is seeking a cushion near $1,780.00 as US Dollar dwindled on the Fed policy outlook. The cautious market mood amid uncertainty...
Candlestick & Company
Dec 8, 20221 min read
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Forex Today: US Dollar clings to recovery gains in quiet calendar day
Here is what you need to know on Tuesday, December 6: Following Monday's decisive rebound, the US Dollar Index clings to modest daily...
Candlestick & Company
Dec 6, 20221 min read
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Gold Price Forecast: XAU/USD eases from five-month peak, retreats to sub-$1,800 levels
Gold price corrects from a five-month high amid modest intraday US Dollar recovery move. Rebounding US Treasury bond yields revives the...
Candlestick & Company
Dec 5, 20221 min read
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USDCAD to fade rallies as technical patterns remain negative
The Canadian Dollar weakens on soft risk appetite. However, the technical picture suggests risks for the USDCAD pair are tilted to the...
Brianna Lizeth
Nov 17, 20221 min read
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Gold Price Forecast: XAUUSD bears look unconvinced awaiting US Retail Sales
Gold teases rising wedge breakdown on the 4H chart “US Dollar’s fate will hinge on the Retail Sales data, which is expected to tick...
Candlestick & Company
Nov 16, 20221 min read
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Gold Price Forecast: XAUUSD eyes the $1,800 level
Break under $1,730-$1,725 to negate the positive bias “A subsequent strength towards reclaiming the $1,800 psychological mark, nearing...
Candlestick & Company
Nov 15, 20221 min read
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When is the US consumer inflation (CPI report) and how could it affect EURUSD?
US CPI Overview Thursday's US US CPI Overvieweconomic docket highlights the release of the critical US consumer inflation figures for...
Candlestick & Company
Nov 10, 20221 min read
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Gold Price Forecast: XAUUSD's appeal to deplete on higher yields
The precious metals sector fell 1.7% over the month, with Gold and Silver going in opposite directions. Strategists at Société Générale...
Candlestick & Company
Nov 8, 20221 min read
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Dollar Gains, Sterling Weakens After U.K. CPI Climbs to 40-Year High
The U.S. dollar edged higher in early European trading Wednesday, bouncing from a two-week low, while sterling slipped back after U.K....
Candlestick & Company
Oct 19, 20222 min read
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Sterling pauses after UK fiscal U-turn rally, yen scrabbles off 32-year low
Sterling paused on Tuesday, after surging almost 2% the day before, as improved investor sentiment sent the safe haven U.S. dollar lower...
Candlestick & Company
Oct 18, 20223 min read
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Gold Pinned Below $1,650, Copper Awaits Major Production Reports
Gold prices inched higher on Monday but were pinned below key support levels as markets feared more interest rate hikes by the Federal...
Candlestick & Company
Oct 17, 20222 min read
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