India M3 Money Supply remains at 12.6% in August 28

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WTI clings to daily gains above the $37.00 mark

The barrel of WTI trades with modest gains above $37.00. Larger-than-expected US inventories, weak demand weigh on prices. US oil rig count by Baker Hughes will close the weekly calendar. Prices of the WTI are trading on a choppy fashion, alternating gains with losses around the $37.00 mark per barrel at the end of the […]

USD/CAD recovers early lost ground, bulls await a sustained move beyond 1.3200 mark

USD/CAD attracted some dip-buying near mid-1.3100s and moved back closer to session tops. A sharp intraday turnaround in crude oil prices undermined the loonie and remained supportive. The USD bulls stayed depressed despite hotter-than-expected US CPI and capped the upside. The USD/CAD pair recovered around 45 pips from daily lows, albeit seemed struggling to extend […]

No surprises, still very cautious yet nor ready to extend the PEPP – BBVA

On Thursday, the European Central Bank (ECB) decided to keep interest rates and it QE programs unchanged as expected. Analysts at BBVA Research point out the meeting did not provide any surprises. They see the central bank continues to be very cautious but does not seem to be ready to extend the PEPP for the […]

ECB Avoiding a Currency War, Eyes on Fed’s New Mandate

Chart created with TradingView US DOLLAR FUNDAMENTAL HIGHLIGHTS: Fed to Update on New Mandate ECB May Have Just Co-Signed Euro to Another Retest of 1.20 US Dollar Price Action Appears Merely Corrective on Tech Rout Since the beginning of the month, the dominant theme has been an unwind in consensus trades, namely the Euro and […]

XAU on the cusp of a triangle breakout to 2,000

Gold is in the middle of a downtrend as far as the RSI is concerned. XAU/USD has the potential breakout to highs above 2,000. The world’s precious metal has been trading a lower high and a lower low pattern for the past two days. A descending trendline continues to limit the upside. This week’s barrier […]