Author: FX
Gold prices rose in Saudi Arabia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 400.74 Saudi Riyals (SAR) per gram, up compared with the SAR 399.61 it cost on Wednesday. The price for Gold increased to SAR 4,674.15 per tola from SAR 4,660.99 per tola a day earlier. Unit measure Gold Price in SAR 1 Gram 400.74 10 Grams 4,007.40 Tola 4,674.15 Troy Ounce 12,464.01 FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken…
USD/CAD trades sideways around 1.3700 as investors await fresh headlines regarding US trade negotiations.The FOMC minutes signaled that a majority of members do not support interest rate cuts in the near term.Investors await the Canadian employment data for June, which is scheduled for Friday.The USD/CAD pair trades in a tight range near 1.3700 during Asian trading hours on Thursday. The Loonie pair struggles to gauge direction as investors seek fresh development on trade negotiations between the United States (US) and its key trading partners, such as the Eurozone, China, Canada, and Mexico.Meanwhile, US President Donald Trump has revealed fresh tariff…
Gold prices rose in Philippines on Thursday, according to data compiled by FXStreet. The price for Gold stood at 6,026.39 Philippine Pesos (PHP) per gram, up compared with the PHP 6,011.30 it cost on Wednesday. The price for Gold increased to PHP 70,287.66 per tola from PHP 70,114.59 per tola a day earlier. Unit measure Gold Price in PHP 1 Gram 6,026.39 10 Grams 60,261.35 Tola 70,287.66 Troy Ounce 187,452.00 FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the…
Gold prices rose in United Arab Emirates on Thursday, according to data compiled by FXStreet. The price for Gold stood at 392.25 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 391.27 it cost on Wednesday. The price for Gold increased to AED 4,575.17 per tola from AED 4,563.75 per tola a day earlier. Unit measure Gold Price in AED 1 Gram 392.25 10 Grams 3,922.62 Tola 4,575.17 Troy Ounce 12,200.47 Daily Digest Market Movers: Gold price is underpinned by rising trade tensions, modest USD downtick US President Donald Trump issued tariff notices to eight minor…
Gaza truce possible in one or two weeks but not in a day, Israeli official says Source link
Don’t look now, but bitcoin is already hovering around its May 2025 highs and might be looking to break higher soon. How high can it go from here? Check out these nearby inflection points I’m watching on the 4-hour time frame: Bitcoin (BTC/USD) 4-hour Forex Chart by TradingView BTC/USD recently busted out of a descending trend channel to suggest that a reversal from the earlier downtrend is in order. However, the rally is stalling at the record highs around $112K, possibly spurring a correction. Can bitcoin find support at these Fibonacci retracement levels? Remember that directional biases and volatility conditions…
Friday’s jobs report out of Canada could tip the scales on how soon the BOC cuts rates again! What are the markets expecting from this week’s event? Here are the points you need to know! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
The U.K. is about to drop its May GDP report soon! What are the markets expectations and how could this potentially affect the British pound ahead of the weekend? Here’s what you need to know when trading this potential market-mover. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
Markets braced for the upcoming release of the FOMC meeting minutes, which then appeared to spur a risk-on and anti-USD reaction. Meanwhile, bitcoin surged close to its all-time highs while dollar weakness ensued while WTI crude oil held its ground above $68 per barrel. Here are headlines you may have missed in the last trading sessions! Headlines: API crude oil inventories showed surprise increase of 7.1M barrels vs. expected 2.1M draw RBA Deputy Governor Hauser warned that there is an enormous amount of uncertainty in the global economy China Consumer Price Index Growth Rate for June 2025: 0.1% y/y (0.1%…
The FOMC agreed to keep interest rates on hold at the 4.25-4.50% range during their June 17-18 meeting, but the minutes of their discussions revealed divisions regarding the appropriate easing pace moving forward. The minutes highlighted the central bank’s ongoing struggle to balance competing economic pressures. While officials acknowledged that tariff-induced inflation pressures may prove temporary or modest, they expressed caution about acting prematurely given the economy’s continued strength. Key Takeaways Most participants assessed that some reduction in the federal funds rate this year would likely be appropriate, citing potentially temporary tariff-induced inflation pressures and signs of labor market softening…