Gold Price Forecast: XAU, XAG/USD Wrestle with Rates & USD Strength
Gold and silver prices are facing technical and fundamental headwinds as higher rate expectations and inflation continue to drive price action. What next for XAU and XAG? Read More
US Dollar Soars Lifted by Surging Yields, S&P 500 Falls Despite VIX’s Slide
The U.S. dollar soars while the S&P 500 trades with a negative bias on Thursday in the wake of surging Treasury yields following hotter-than-expected labor market data. Read More
Australian Dollar Fails To Hold China-Data Gains, Looks to RBA
AUD/USD has faltered ahead of key resistance and returned its data driven gains of the previous session Read More
GBP Price Forecast: Pound Undeterred by Brexit Deal
GBP/USD continues within a key technical pattern ahead of central bank speakers later today while the Brexit deal gathers momentum. Read More
Euro Area Core Inflation Prints Fresh Record High, EUR/USD Steady
Euro Area annual inflation rate came in above forecasts as core inflation rose for a third month in succession adding to the ECB conundrum. Read More
French Regulator Warns against FX Trading Robots
<p>French financial market supervisor, locally known as Autorité des marchés financiers (AMF), issued a warning against the services of unauthorized automated <a href=”https://www.financemagnates.com/terms/f/forex-trading/” class=”terms__main-term” id=”258a569f-bf49-4a61-a1b4-bc352d76141f” target=”_blank”>forex trading</a> robots, which often lure victims with lucrative offers.</p><p>French Regulator Cautions against FX Trading Robots</p><p>Unregulated companies mainly target French overseas departments and territories with unrealistic returns of 5 percent to 15 percent per month […]
Gold Price Rally Might be Short-Lived With the 2-Year Treasury Yield Nearing 5%
Gold’s rally might be short-lived as US economic data continues to show evidence that inflation might be stickier than previously thought. XAU/USD turns to jobless claims data next. Read More
Japanese Yen Flatlines Despite US Dollar Weakness. Will Treasury Yields Lift USD/JPY?
The Japanese Yen has steadied to start the week while the US Dollar has slipped as monetary policy disparity between the BoJ and the Fed perseveres. Higher USD/JPY? Read More
Gold, Silver Technical Analysis: Precious Metals Rise as USD Retreats
Gold and silver bounce higher from stern levels of support as the US dollar heads lower. Levels to watch going forward Read More
24 Exchange Sets New FX NDF Trading Record in February
<p>24 Exchange processed $1.49 billion in average daily forex non-deliverable forward (NDF) for its global institutional customers in February 2023, thereby setting a new ADV record. The FX NDF platform also hit a record single-day volume of $1.9 billion last month.</p><p>24 Exhange’s new result comes one month after the trading venue, which was launched in 2019, <a href=”https://www.financemagnates.com/institutional-forex/24-exchange-crosses-1b-mark-in-forex-ndfs-adv-in-january/” target=”_blank” rel=”follow”>crossed […]