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Economics
BoJ’s Noguchi: Japan’s economy is growing steadily
Bank of Japan (BoJ) board member Asahi Noguchi said on Thursday that the Japanese economy is growing steadily. Noguchi further stated…
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Metals
XAU/USD hits two-week high as USD declines on deteriorating US fiscal outlook
Gold price scales higher for the fourth straight day amid a combination of supporting factors. US fiscal concerns and Fed…
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Forex
JPY stands firm near two-week top against USD on BoJ rate hike bets
The Japanese Yen attracted some dip-buyers following upbeat domestic data. BoJ rate hike bets and reviving safe-haven demand also lend…
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Forex
GBP/USD rises to near 1.3450 ahead of UK PMI data
GBP/USD strengthens as the US Dollar continues to weaken on Moody’s downgrading of the US credit rating. Fed policymakers partially…
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Economics
US House Rules Committee approves US President Donald Trump’s sweeping tax-cut bill
Update: The House Rules Committee approves US President Donald Trump’s sweeping tax-cut bill. US House rules Rules Committee stated that a full house…
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Forex
USD/INR softens ahead of Indian/US PMI releases
Indian Rupee gains traction in Thursday’s Asian session. The strength in Asian peers and a softer US Dollar underpin the…
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Forex
AUD holds ground as US Dollar struggles on shaky market sentiment
The Australian Dollar strengthens as the US Dollar weakens on Thursday. Australia’s Manufacturing PMI remains steady at 51.7 in May,…
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Forex
EUR/USD hovers near 1.1350, two-week highs ahead of HCOB PMI for Eurozone
EUR/USD strengthens as HCOB PMI data are expected to show overall growth in business activity in May. S&P Global US…
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Energies
Crude Prices Settle Lower as EIA Crude Inventories Rise to a 10-Month High
July WTI crude oil (CLN25) Wednesday closed down -0.46 (-0.74%) and July RBOB gasoline (RBN25) closed up +0.0003 (+0.01%). Crude…
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Energies
Nat-Gas Gives up Early Gains on the Outlook for Higher EIA Inventories
June Nymex natural gas (NGM25) on Wednesday closed downy by -0.314 (+10.09%). June nat-gas prices on Wednesday gave up an…
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