Gold: A Further Deterioration in US 10-year Treasury Yield May Support a Bullish Tone

USDJPY fell sharply overnight, hitting the lowest since early January, extending steep bear-leg off 155.21 lower top into fifth consecutive day. The pair was down 3.3% in Asian session on Monday, remaining under increased pressure after downbeat US NFP data further soured dollar’s sentiment. Large bearish candle of last week (USDJPY was down 4.7% for […]

Oil prices remain under pressure despite Middle East crisis Risk of another supply war between US and OPEC is rising Outlook for oil seems negative as supply outpaces demand Oil unable to capitalize on geopolitical tensions Oil prices have taken a beating in recent months, falling by around 23% since late September despite a series […]

Despite the cooling labour market in the US and declining inflation, the American currency continues to move towards new highs. For instance, the USD/JPY currency pair might update the current month’s high at 156.70, the NZD/USD sharply declines after retesting 0.6140, and buyers of the USD/CAD pair have confidently secured a position above 1.3600. USD/CAD […]