EUR/USD slips as renewed Middle East tensions boost the Greenback
EUR/USD slips as renewed Middle East tensions boost the Greenback
Gold forecast: XAU/USD eases as oil spikes on latest escalation in tensions
Oil prices, already higher on the day, spiked again in the afternoon trading, as stocks, crypto and FX markets all turned volatile on renewed escalation of Middle East tensions. Reports suggest that Iran has stopped talks with US in protest over Israel's bombing of Lebanon.
US Dollar: Gradual depreciation path versus Euro – BNP Paribas
US Dollar: Gradual depreciation path versus Euro – BNP Paribas
Gold Price Analysis – Gold Continues to See Rates Pressure Market
Gold continues to see pressures from the bond markets on Monday, as we are watching both the gold chart, and the ten-year yield.
Silver Price Analysis – Silver Continues to See Support
Silver continues to see noisy trading on Monday as we are looking at interest rate levels that are important and possibly could cause a bigger move overall. At this point, I like silver long term, but see a lot of bumps ahead.
EUR/USD, GBP/USD and USD/JPY Forecasts – US Dollar Pushes Back Against Others
The US dollar has seen a little bit of strength against other currencies on Monday, but we continue to see more or less a range for most currency pairs at this point in time.
US ISM Manufacturing PMI Surges to 54.0 in May, Exceeding Expectations
The US ISM Manufacturing PMI for May rose to 54.0, surpassing both the previous value of 52.7 and the estimated 53.0. This indicates stronger expansion in the manufacturing sector than anticipated.
Silver price declines as US-Iran talks suspension boosts Dollar haven appeal
Silver price declines as US-Iran talks suspension boosts Dollar haven appeal
US S&P Global Manufacturing PMI Slightly Below Expectations at 55.1 in May
The US S&P Global Manufacturing PMI for May was reported at 55.1, marginally lower than the estimated 55.3 but higher than the previous month's 54.5. This indicates continued expansion in the manufacturing sector, albeit at a slightly slower pace than anticipated.
Gold: Macro headwinds cap CTA upside – TD Securities
Gold: Macro headwinds cap CTA upside – TD Securities