Market narrative
Move between stock news, official company releases, crypto, and FX without losing the path back to ticker research.
Gold and silver rebound from key support as the US dollar and Treasury yields weaken, with gold targeting $4,500 and silver eyeing a breakout toward $72.
Forex
Japanese assets are rallying after Finance Minister Satsuki Katayama said the government wants to encourage Japan's GPIF, the world's largest pension fund, to invest substantially more domestically.
The US Dollar gained bullish momentum after it settled above $160.80 against the US Dollar. USD/JPY even climbed above 162.00 before it faced rejection.
NZDUSD currency pair recently reversed up from the support zone between the long-term support level 0.5600 (which stopped the strong downtrend d in November) and the lower daily Bollinger Band.
PBOC sets USD/CNY reference rate at 6.7989 vs. 6.8036 previous
New Zealand may be on holiday, but the Kiwi dollar certainly wasn't on Thursday. It topped the G10 FX leaderboard after strong data reinforced the RBNZ's message from earlier this week that further rate hikes are likely.
Gold recovers above $4,100 as traders assess US-Iran conflict
GBP/JPY Price Forecast: Bullish amid respected higher-high structure
Silver Price Forecast: Rebounds towards $60, but lower-low structure holds
Gold is showing early signs of a potential trend shift, but confirmation depends on reclaiming key resistance levels while avoiding a breakdown to new lows.
The Mexican peso continues to face difficult trading sessions. Over the last 3 trading sessions, average USD/MXN movements ha.
New York's silver vaults are refilling, which looks bearish, and yet the tightness didn't vanish, it just moved to Shanghai, where buyers now pay roughly 11% over the world price.
Pound Sterling Price News & Forecast: GBP/USD trades slightly higher as the US Dollar fails to gain strong traction
Falling Treasury yields and weaker dollar provided material support to gold markets.
Gold rebounds above $4,100 as falling Oil weighs on US Dollar
The American currency moved lower as falling oil prices reduced demand for safe-haven assets.
Since the final days of June, the Canadian dollar has been unable to build relevant strength against the U.S. dollar. Now, av.
British Pound: Recovery tests key resistance against US Dollar – Scotiabank
The pound has ben strengthening all week, and despite a renewed flare-up in geopolitical tensions between the US and Iran, wh.
Silver Price Forecast: XAG/USD remains stuck in a bearish channel
