Category: Financial News

Forex Daily Recap - Risk Appetite Stabilising The Market

Forex Daily Recap – Risk Appetite Stabilising The Market

USD/JPY Today, the USD/JPY pair skyrocketed breaking all the in-between resistance levels. After the heavy plunge of Friday, the pair had tried to rally upwards on Monday but failed to break the major resistance levels. The pair sustained range bound movement between 109.73 and 110.23 levels. The USD/JPY pair began the day at 110.09 level. […]

U.S. and UK Residents Show Pessimism About Economy

In a recent survey, the Pew Research Center found that most of Americans foresee a gloomy future for the United States economy. The study, which was released last Thursday, shows the public mood about the current state of the economy and showed the highest dissatisfaction level in a year. 63% of the surveyed see a […]

Gold Erases Gains As US Treasury Recovers, Recession Fears Recede

Gold Erases Gains As US Treasury Recovers, Recession Fears Recede

Precious metals such as gold and silver are trading down on Tuesday as investors are digesting global economic slowdown fears and recovering US Treasury bonds yields. Risk appetite is back into the market as bond yields stabilized. US Dollar index is positive, but gains are limited. Stocks are set to rally. Talking about rising concerns […]

Precious Metals Decline as Risk Appetite Improved in Global Market

Precious Metals Decline as Risk Appetite Improved in Global Market

Precious metals saw positive price action yesterday as equities declined across the globe for the second consecutive trading session. The yellow metal hit a 3-week high during American market hours as US T-Yields hit lowest since 2017. However, risk appetite improved during Pacific-Asian market hours as headlines hinted at a change in Brexit power dynamics and […]

May Acknowledges Waning Support | TrulyForex

The Pound remains under significant sell pressure, especially given the latest geopolitical news out of London. On Monday, the Prime Minister acknowledged that support for her Brexit plan is still short of ensuring a favorable vote, even as lawmakers attempt to seize more control of the process from her. Though the vote was initially slated […]

Brexit – The Last Call, or is it?

The Day of Jostles Theresa May held an emergency cabinet meeting at Number 10 before heading to Parliament on Monday. At the time of writing, Number 10 has refused to confirm nor deny whether a meaningful vote will take place. Deal or no deal. 2nd Referendum or leave without a deal. Resignation or weather the […]

Forex Daily Recap - Culprit For All “Yield Curve Inversion”

Forex Daily Recap – Culprit For All “Yield Curve Inversion”

USD Index On Monday morning, the USD Index that computes the greenback against the six major currencies tumbled down by 0.18 percent reaching 95.98. The index traded lower to its rivals amid global recession fears. The plunge was followed after the Fed announced that the difference in the spread between three-month treasury bills yield and […]

Precious Metals Trade Positive As Equities Bleed Red

Precious Metals Trade Positive As Equities Bleed Red

Both Gold and Silver are seeing positive price action today. The positive price action in the global market is a result of increased risk-averse trading activity. Equities in Asian market opened in red on concerns of an economic slowdown. Dovish cues from US Wall Street on T.Yield curve inversion also added to investors risk-averse stance. […]

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Gold And Silver Trade Higher Amid Recession Fears

Gold And Silver Trade Higher Amid Recession Fears

Gold and silver are trading higher on Monday as concerns about a global economic slowdown and a recession in the United States are hurting market sentiment. US dollar index is trading down on recession fears, gold and silver are testing resistances, while palladium is falling for the second day as supply worries recede. Is the […]