Author: FX
Share: XAU/USD recovered towards $1,890, still poised for a weekly decline. China’s real state giant Evergrande filed for bankruptcy protection in a US court. Lower US yields amid risk aversion benefits Gold prices. At the end of the week, the XAU/USD Gold spot slightly recovered to $1,890, but it is still poised for a 1% weekly decline, its fourth weekly loss in a row. The metal seems to be consolidating losses after seeing red in the previous four days and also got a boost due to risk aversion fueled by markets worrying about the Chinese economy’s health. In that…
GBP/USD and EUR/GBP Analysis and ChartsGilt yields support Sterling against a robust US dollar.EUR/GBP set to test range support. Recommended by Nick Cawley How to Trade GBP/USD The British Pound is ending the week in reasonable shape against the US dollar and is showing gains against a range of other G7 currencies. The expectation of higher UK rates in the coming months is underpinning the British Pound and is driving UK government bond yields ever higher. While the rate-sensitive UK 2-year mirrors the UK Bank Rate, longer-dated gilt yields are pushing ever higher with the 10-year benchmark hitting highs not…
Impel Pharma reiterates possible Chapter 11 bankruptcy; down 23% Source link
Share: Gold now finds itself at its lowest level since mid-March. Economists at Commerzbank analyze XAU/USD outlook. Fed Chair Powell will probably leave all options open The recent renewed rise in US yields dampens investor interest, among both the more short-term-oriented speculative financial investors and the ETF investors. In this environment, the physical demand in Asia can hardly do anything to help, and China’s Gold imports are unlikely to move prices. Instead, like on the foreign exchange market, attention is more likely to be focused on the Fed symposium in Jackson Hole. If the market interprets what is…
Share: Gas market is shifting to a more balance position. However, economists at ANZ Bank note supply risks that could lead to further upside in prices. Striking fear into Gas markets Supply-side issues are once again back in focus in the global Gas market. Industrial action in Australia could threaten the relative peace the global Gas markets experienced following Russia’s invasion of Ukraine last year. Workers at several Western Australian LNG facilities operated by Chevron and Woodside are threatening to strike over wages and conditions. Three major facilities there provide around 10% of global supply, and the impact…
EUR/USD ANALYSISEZ CPI report shows softening headline inflation with core remaining sticky.Jackson Hole in focus next week.Bears stalk key support zone. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROPThe euro extended its slide downward this Friday after euro area inflation (see economic calendar below) showed marginal signs of slowing on the headline print (both MoM and YoY). That being said, the all important core inflation figure remained elevated with food ,alcohol and tobacco as well as services the highest contributors. Construction output contracted highlighting concerns around the eurozone economy and with Chinese growth fears gaining traction,…
Tokenized asset firm Securitize continues expanding investor access to private market alternative assets by acquiring the cryptocurrency fund manager Onramp Invest, which has over $40 billion in assets under management (AUM). Securitize is planning to simplify the access of registered investment advisers (RIA) to private equity, private credit and secondary asset classes with the acquisition of Onramp.Continue Reading on Coin Telegraph Source link
Bitcoin (BTC) Prices, Charts, and Analysis:Cryptocurrency market capitalization loses $60 billion in minutes.Ethereum ETF, Grayscale ruling, Jackson Hole Symposium. Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading After weeks of listless trade and low turnover, volatility returned to the cryptocurrency market with a bang Thursday when the market slumped in minutes with little in the way of support seen to stem the fall. Bitcoin went into freefall and hit a multi-month low of $25,166 before making a minor recovery, while Ethereum slumped to $1,543 from a daily high print of $1,807. The market is awash with reasons…
A lot has been said about how confidence helps a trader better execute ideas, but a bit of self-doubt might also do some good. “Rethinking is a skill set, but it’s also a mindset,” wrote American author and psychologist Adam Grant is his book Think Again. For most of us, our knowledge and beliefs tend to form a kind of comfort zone where we prefer to stay in instead of exploring the so-called “discomfort of doubt.” Grant explains that the act of questioning our knowledge and opinions can be unnerving since it makes the world seem more unpredictable. “It requires us to admit…
Equities are extending losses on the session now with US futures continuing to dribble lower. S&P 500 futures are now down 0.4% with Nasdaq futures down 0.7% and Dow futures down 0.3% on the day.S&P 500 futuresOn the surface, with bond yields tracking lower today, it looks like a risk-off wave is hitting markets. But I want to say that the bid in bonds appear to be more of a coincidence – at least in part – considering we saw 10-year yields in the US testing the key 4.30% mark yesterday.Sure, China worries are a legitimate concern and I acknowledged…