Gold shines and rises on Iran’s deal hopes, lower US yields

Gold shines and rises on Iran’s deal hopes, lower US yields

Gold (XAU/USD) advances some 0.75% on Tuesday as Oil prices fall, along with US Treasury yields. Also, an improvement in risk appetite propelled the yellow metal to a two-day peak of $4,106. XAU/USD advances as Hormuz reopening hopes weigh in Oil, ease inflation pressures The US Dollar Index (DXY), which tracks the buck’s value against […]

Japanese Yen stalls amid soft JOLTS data

Japanese Yen stalls amid soft JOLTS data

USD/JPY trades on the back foot near the 157.40 area during Tuesday’s American session as the Japanese Yen (JPY) builds on the gains secured over the past week. Softer United States (US) labor demand data has taken the edge off the US Dollar (USD), while lower energy prices offer an additional tailwind to the currency […]

JOLTS openings seen retreating – TD Securities

JOLTS openings seen retreating – TD Securities

TD Securities strategists expect US JOLTS job openings to fall to 7.0 million in June from 7.594 million in May, below the 7.504 million consensus forecast, as the recent increase appears difficult to sustain. They expect the data to move closer to softer private-sector hiring indicators. This would contrast with July’s stronger-than-expected ISM Manufacturing reading, […]