by SignalsFactory Staff | Jan 26, 2024 | Uncategorized
Gold price lacks any firm intraday direction amid a combination of diverging forces. Delayed Fed rate cut bets underpin the USD and act as a headwind for the commodity. Geopolitical risks and the uncertain global economic outlook lend support to the metal....
by SignalsFactory Staff | Jan 18, 2024 | Uncategorized
AUD/USD has faced selling pressure near 0.6570 amid a sharp recovery in the US Dollar Index. The USD Index recovers as the odds of an interest rate cut by the Fed is fading away. Australian Employment remains softer amid higher interest rates. The AUD/USD pair...
by SignalsFactory Staff | Jan 15, 2024 | Uncategorized
The US Dollar is building up favoured by a weaker market sentiment. Oil prices are trading lower, increasing negative pressure on the CAD. Later today Canada’s business outlook and manufacturing sales might give some support to the loonie. The US Dollar is...
by SignalsFactory Staff | Jan 8, 2024 | Uncategorized
Australian Dollar loses ground as the US Dollar continues to gain ground. Australian Retail Sales data is anticipated to increase by 1.2% against the previous decline of 0.2%. Chinese wealth manager Zhongzhi has filed for bankruptcy liquidation. US Nonfarm Payrolls...
by SignalsFactory Staff | Jan 4, 2024 | Uncategorized
USD/CAD receives downward pressure as Crude oil prices improve. WTI price gains ground on the heightened situation in the Red Sea. US Dollar might have cheered up the improved ISM Manufacturing data. USD/CAD snaps its five-day winning streak, trading lower near 1.3340...
by SignalsFactory Staff | Nov 27, 2023 | Uncategorized
Gold price extends gains as investors take caution ahead of the skew of US data. China’s industrial profits declined by 7.8% could dampen the positive sentiment arising from the PBoC stimulus measures. Fed officials mentioned closely monitoring incoming data...
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