Blogs
Natural Gas pops 4% as tensions rise after Red Sea attacks by Houthi rebels
Natural Gas (XNG/USD) is jumping higher for a fourth straight day in a row. Main driver this Monday is news from the Red Sea where a Norwegian vessel got hit by missiles fired by Houthi Rebels claiming the vessel carried cargo with destination
GBP/USD should find support on dips to the 1.2600/1.2620 area – Scotiabank
GBP/USD drifts after solid gains last week. Economists at Scotiabank analyze the pair’s outlook.
Euro loses strength as Eurozone data cast doubt on ECB hawkishness
The Euro (EUR) stages a mild recovery on Monday, favoured by a weaker US Dollar and a moderate risk-on sentiment.
Pound Sterling Price News and Forecast: GBP/USD the key hurdle is seen at the 1.2790
Early Monday’s action is holding within a narrow consolidation following Friday’s 0.6% pullback which left a double-top (1.2793/90).
ECB's Kazimir: Drop in inflation not enough to declare victory and move to next stage
European Central Bank's (ECB) policymaker Peter Kazimir said on Monday that the drop in inflation observed in the past few months was not enough to declare victory and move to the next policy stage, per Reuters.
Gold hesitates with investors awaiting key US data this week
Gold (XAU/USD) has opened the week on a mildly positive tone, favoured by a moderate pullback on the US Dollar (USD) and the depressed US bond yields, which remain stuck at mid-term lows.
US Dollar steadies as investors brace for US GDP, PCE data ahead of Christmas
The US Dollar (USD) trades broadly stable on Monday, licking its wounds after the sharp decline fuelled by the US Federal Reserve (Fed) Chairman Jerome Powell’s comments signalling that rate cuts are due in 2024.
The Dot Plot surprise should prevent a major Dollar rebound – ING
The Dollar is recovering some ground. Economists at ING analyze Greenback’s outlook.