USDJPY selling dries up on failed break below 158.01
The USDJPY had been holding a bullish bias, trading above either its 100- or 200-hour moving averages (or both) since April 2. That changed over the last two sessions as…
The USD is mixed vs the major currencies to kickstart the Thursday trading
As North American trading gets underway on Thursday, markets are grappling with a familiar but critical question: are we moving toward a sustained cease-fire and de-escalation, or is this just…
Switzerland’s gold exports rise 30% as investors
Switzerland’s gold exports rise 30% as investors seek safe haven amid global uncertainty Swiss #gold exports rose 30% month-on-month in March, with shipments to Britain jumping to their highest level…
USDCAD falls to new session lows after a ceiling near 1.3860 stalled the rise
The USDCAD moved lower in the wake of broad USD selling following the “cease-fire” headlines, with the initial push taking price below an upward sloping trendline. That break had the…
Italy Moves to Declare Gold Reserves State Property
Italian lawmakers are pushing ahead with a controversial claim that the central bank’s $300 billion in gold reserves should be declared state property, despite fears it could violate European Union…
Gold trades range-bound after bounce from weekly low as US-Iran uncertainty persists
Gold (XAU/USD) trims earlier gains on Wednesday as traders remain cautious amid ongoing uncertainty around the US-Iran conflict, despite US President Donald Trump extending the ceasefire with Iran just hours…
USDCHF finds sellers on the corrective move higher and re-eyes the 100 day MA below
The USDCHF fell sharply yesterday on the back of broad USD selling, and in the process broke below a cluster of key technical levels, including:200-day moving average at 0.7943 Swing…
US EIA weekly crude oil inventories +1925K vs -1200K expected
Prior was -913KGasoline -4570K vs -1494K expectedDistillates -3427K vs -2458K expectedAPI data from late yesterday:Crude -4400KGasoline -5165KDistillates -4590KFor background, the Weekly Petroleum Status Report (WPSR), published by the U.S. Energy…
Ray Dalio: Gold is the Safest Money
It seems to me indisputably true that gold is a money and it is the money that is least at risk of being devalued and/or confiscated. Here’s why I believe…
WTI crude breaks the 38.2% retracement of the ceasefire decline
May WTI crude oil is now up $7.66 to $102.08 on the day.The market is increasingly worried that crude supplies will grow tighter as the Strait remains essentially closed during…
