Natural Gas (XNG/USD) has breached the floor of 2023 at $2.10 and is now entering an area not seen since August 2020. The decline comes with efforts from the US and its president Joe Biden to take measures towards promoting a greener
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Gold price clings to gains as Middle East tensions escalate, Fed policy hogs limelight
Gold price (XAU/USD) continues to advance amid the escalating Middle East crisis as US President Joe Biden has pledged to retaliate for unmanned aerial drone attacks on US service personnel near northeastern Jordan, near the Syrian border.
US Dollar drops ball and sees Monday gains being erased
The US Dollar (USD) eats into its Monday’s gains returning the Greenback to where it was on Monday morning. The US Dollar has seen safe haven inflows quickly abate in the US trading session as the US Defense department was quick to
GBP/USD: Break above 1.2820 essential for further up move – SocGen
GBP/USD rangebound. Economists at Société Générale analyze the pair’s outlook.
US JOLTS Preview: Expected dip in job openings unlikely to alter Fed rate cut bets
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the US Bureau of Labor Statistics (BLS).
EUR/USD consolidates around 1.0840 after subdued Eurozone growth data
The EUR/USD pair retraces its recent gains, edging higher to near 1.0840 during the European trading hours on Tuesday.
Gold Price Forecast: XAU/USD’s headwinds have recently come mainly from investors – Commerzbank
Gold slipped to $2,010 last week but XAU/USD is still holding up surprisingly well.
ECB's Vujcic:April or June for a rate cut is not a big difference
European Central Bank (ECB) Governing Council member Boris Vujcic argued on Tuesday that it would not make a big difference whether the ECB starts lowering rates in April or June, per Reuters.
USD/JPY Price Analysis: Moves lower to near 147.30 followed by the support at 14-day EMA
USD/JPY stretches lower for the second straight day, trading around 147.30 during the European session on Tuesday.
Aussie likely to suffer if the RBA gives any indication of an imminent rate cut – Commerzbank
Australian inflation figures for the fourth quarter will be released on Wednesday, January 31 at 00:30 GMT.