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Somali Piracy Surges Amid Hormuz Blockade
The effective closure of the Strait of Hormuz has forced hundreds of commercial ships onto longer ro...
Silver Price Forecast: XAG stalls as yields cap recovery
Silver price advanced by some 0.39% on Friday, capped by rising US yields, even though US data was s...
EUR/JPY Price Forecast: Declines below 186.00 amid intervention fears, but bullish vibe prevails
The EUR/JPY cross trades in negative territory around 185.90 during the early European trading hours on Wednesday. The Japanese Yen (JPY) gathers strength against the Euro (EUR) as traders are on aler ...
Gold struggles below $4,500 as Oil-driven inflation fears reaffirm Fed hike bets
Gold (XAU/USD) extends the previous day's late pullback from the vicinity of the $4,550 level and attracts some follow-through selling during the Asian session on Wednesday.
Canadian Dollar weakens despite higher oil prices
USD/CAD edges higher after posting minor losses in the previous day, trading around 1.3850 during the Asian hours on Wednesday.
Elliott Wave view: Exxon Mobil rally eyes $153 before renewed downside risk [Video]
Exxon Mobil (XOM) achieved a historic all‑time high of $176.4 on March 30. Since that peak, the stock has entered a corrective phase, unfolding in a double three Elliott Wave structure. The initial de ...
United States Dollar Index trades calm while US-Iran deal uncertainty escalates
The US Dollar (USD) trades quietly in the Asian trading session on Wednesday, even as uncertainty surrounding the United States (US)-Iran deal has escalated, following the exchange of attacks between ...
British Pound steadies as increased risk aversion offsets hawkish BoE tone
GBP/USD moves little following a four-day winning streak, trading around 1.3470 during the Asian hours on Wednesday. The pair steadies as the US Dollar (USD) remains firm, driven by stalled US-Iran pe ...
New Zealand Dollar firms on upbeat China PMI; snaps two day losing streak vs USD
The NZD/USD pair gains some positive traction following the better-than-expected release of China's Services PMI and climbs to the 0.5935 region during the Asian session on Wednesday.
Australian Dollar holds losses below 0.7200 after weaker Australian GDP data, US-Iran tensions
The AUD/USD pair declines to around 0.7180 during the early Asian session on Wednesday. The Australian Dollar (AUD) weakens against the US Dollar (USD) following a downbeat domestic Gross Domestic Pro ...
Silver Price Forecast: XAG/USD slips below $75.00 due to fresh Middle East hostilities
Silver price (XAG/USD) depreciates after registering modest gains in the previous day, trading around $74.70 per troy ounce during the Asian hours on Wednesday. The non-yielding white metal loses grou ...
China’s RatingDog Services PMI rises to 54.4 in May
China's Services Purchasing Managers' Index (PMI) rose to 54.4 in May from 52.6 in April, the latest data published by RatingDog showed on Wednesday. This figure came in stronger than the market expec ...
Australian Dollar trades below multi-decade high vs Yen after weaker GDP
The AUD/JPY cross remains on the defensive following the release of Australia's GDP report, though it manages to hold above the 114.50 area through the Asian session on Wednesday.
China RatingDog Services PMI above forecasts (52.3) in May: Actual (54.4)
China RatingDog Services PMI above forecasts (52.3) in May: Actual (54.4)