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Gold Price Analysis: Softer demand from central banks and jewellery to cap any upside – HSBC

Gold Price Analysis: Softer demand from central banks and jewellery to cap any upside – HSBC

Gold underperformed year-to-date as economic recovery and risk-on sentiment continue. Strategists at HSBC downgrade gold to neutral because they think it’ll be difficult for the valuable metal to rally strongly from current prices amid now higher bond yields. See…

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EUR/JPY Price Analysis: Corrective downside could extend to 130.00

EUR/JPY Price Analysis: Corrective downside could extend to 130.00

EUR/JPY struggles for direction amidst a broader leg lower. Next on the downside comes within the 130.00 neighbourhood. EUR/JPY looks for direction amidst a negative start of the new month, meeting initial support around 131.00 for the nonce .…

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USD/CAD set to test April lows at 1.2265 amid WTI rally, ahead of US data

USD/CAD set to test April lows at 1.2265 amid WTI rally, ahead of US data

The relentless rise in WTI prices offset the US dollar’s advance. USD/CADUSD/CAD is looking to challenge the April low of 1.2265, because the risks remain to the downside amid a rally in WTI prices. The US…

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GBP/USD Price Analysis: Struggles around 1.3900 despite triangle breakout

GBP/USD Price Analysis: Struggles around 1.3900 despite triangle breakout

GBP/USD stalls the bounce because the US dollar resumes the upside. The symmetrical triangle breakout on the 4H chart still keeps buyers hopeful. RSI has turned south but holds above the midline. GBP/USD is battling 1.3900 in…

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Forex Today: Dollar off the Yellen-induced highs, Dogecoin soars, Nonfarm Payrolls hints eyed

Forex Today: Dollar off the Yellen-induced highs, Dogecoin soars, Nonfarm Payrolls hints eyed

Here is what you would like to understand on Wednesday, May 5: Markets stabilizing and therefore the dollar is off its highs after a risk-off Tuesday, partially triggered by comments about rate hikes by US Treasury Secretary Yellen. ADP’s jobs…

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Gold Futures: Further losses unlikely

Gold Futures: Further losses unlikely

Traders trimmed their open interest positions for the primary time after two consecutive daily builds on Tuesday, this point by nearly 3K contracts as per flash data from CME Group. On the opposite hand, the quantity went up for the second session during a row,…

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EUR/JPY Price Analysis : Further consolidation likely near-term

EUR/JPY Price Analysis : Further consolidation likely near-term

EUR/JPY navigates the lower end of the weekly range near 131.50. Extra rangebound looks the name of the sport within the very near-term. EUR/JPY reverses Monday’s small gains and returns to the 131.40/30 band following the unsuccessful plan to move…

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USD/CAD set to plummet towards 2017 lows at 1.2062 – Credit Suisse

USD/CAD set to plummet towards 2017 lows at 1.2062 – Credit Suisse

USD/CAD is holding above rock bottom of a possible trend channel at 1.2274/66. Nonetheless, analysts at Credit Suisse stay bearish, with subsequent major support at 1.2256/51. See – USD/CAD: The road to 1.20 remains open – NBF Recent break below 1.2365 increases bearish…

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S&P 500 Index: US corporate earnings poised for upward revision – DBS Bank

S&P 500 Index: US corporate earnings poised for upward revision – DBS Bank

US earnings powered ahead because the economy emerges from the ashes of the COVID-19 pandemic. Consensus is expecting US earnings growth of 48.1% this year, driven by 9.6% top-line growth and 4.3 % EBITDA margin expansion. Dylan…

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Gold Price Analysis: XAU/USD eyes a sustained move above $1800 amid weaker Treasury yields

Gold Price Analysis: XAU/USD eyes a sustained move above $1800 amid weaker Treasury yields

Gold (XAU/USD) hit fresh three-month highs at $1798 on Monday, beginning the week on a solid footing. In Tuesday’s trading thus far, gold has eased off the multi-month highs, consolidating the recent upsurge heading into a fresh batch…