Author: FX
Indian investors continue to pile up their bets on Gold via Exchange Traded Funds (ETFs), contributing to the rebound in demand for the precious metal as spot prices stabilize after March’s sharp decline.India’s Gold ETFs extended their inflow streak to an eleventh consecutive month in April. Net inflows recorded $297.2 million, 68% more than the $176.6 million seen in March, according to data from the World Gold Council (WGC).Indian Gold ETFs have been registering inflows since May 2025, with a peak seen in January. Source: FXStreet using data from the World Gold Council.The interest of Indian investors in Gold ETFs…
West Texas Intermediate (WTI), the US crude Oil benchmark, falls some 2.49% on Friday, poised to end the week with losses of over 7.39%, amid growing speculation that the US and Iran will reach an agreement to end the conflict.Oil heads for weekly loss as Hormuz reopening hopes growMarket mood remains positive, even as tensions rise after the US and Iran exchanged fire overnight. In the meantime, Washington waits for Tehran’s response to the 14-point memorandum, which, according to US Secretary of State Marco Rubio, would be ready later in the day.Analysts cited by Reuters reported that the Oil trade…
Commerzbank’s Thu Lan Nguyen argues that any relief from a potential reopening of the Strait of Hormuz for Aluminium will likely be short‑lived. Guinea, which supplies 40% of global bauxite, plans to cap exports at 150 million tons, nearly 20% below last year, a move expected to support bauxite prices and, over time, Aluminium prices.Guinea quota tightens raw material availability”However, a reopening of the Strait of Hormuz could turn out to provide only short-term relief. Over the course of the year, a shortage is emerging in a key raw material for aluminium production: the government of Guinea, the market leader…
WTI crude oil finished modestly higher today despite the ongoing exchange of fire between Iran and the USA. The market is waiting for the next steps in negotiations and whether both sides are able to open the Strait of Hormuz while they negotiate details of any lasting peace.What I will notice is that long-dated oil prices are rising and converging towards short-dated prices. December WTI was up $1.50 today to $79.85 and I think it’s more indicative of the market’s broader view of oil prices.WTI DecemberIt’s obviously risen to $80 from $60 but for the broader market, that seems to…
The AUDUSD fell sharply yesterday, breaking back below a key ceiling/floor zone between 0.7221 and 0.7227. That bearish break helped push the pair down toward the next swing area support between 0.7193 and 0.7200. In early Asian-Pacific trading, buyers leaned against that support zone for several hours, helping stabilize the price before the pair rotated back to the upside.During the European session, the AUDUSD reclaimed the former swing area between 0.7221 and 0.7227, and importantly, the price has been able to stay above that zone into North American trading. That move back above the old resistance area shifts the short-term…
ECBs Nagel;Will do whatever is needed to contain energy price jumpsECB is highly alert to increasing inflation risks. ECB will do whatever necessary to curb energy price surge. This article was written by Greg Michalowski at investinglive.com. Source link
Soon after the better-than-expected US jobs report in the worse than expected Canadian jobs report, I posted the following brief commentary and chart:The key resistance zone overhead was defined by the 38.2% retracement level, the swing area between 1.37089 and 1.37149, and the 100-day moving average near 1.3720. The price pushed higher into that resistance cluster, reaching a session high of 1.3710 before rotating back to the downside. The current price has now returned to the same area where the earlier post was made, reflecting the market’s inability to sustain momentum above the key technical ceiling.On the downside, support now…
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Silver (XAG/USD) trades around $80.70 on Friday at the time of writing, up 2.98% on the day, supported by a weaker US Dollar (USD) and persistent demand for safe-haven assets amid heightened geopolitical tensions.The United States (US) Bureau of Labor Statistics (BLS) reported that Nonfarm Payrolls (NFP) increased by 115K in April, beating market expectations of 62K. March’s figure was also revised higher to 185K from 178K previously reported. The Unemployment Rate remained steady at 4.3%, while annual wage growth accelerated to 3.6%, although it came in below expectations of 3.8%.Despite the stronger-than-expected labor market data, the US Dollar weakens…
Experts race to write guidance to contain first ship-borne hantavirus outbreak Source link