Author: finadmin

Inflation shock weighs on haven metal – TD Securities

Inflation shock weighs on haven metal – TD Securities

TD Securities’ Head of Commodity Strategy, Bart Melek, argues that Gold is under pressure as Oil-driven inflation keeps real rates elevated and raises the opportunity cost of holding the metal. He notes institutional, ETF and central bank demand has weakened, with technical support seen near the 200-day moving average around $4,258 and a year-end recovery […]

EUR/USD rebounds as Fed decision nears and US-Iran tensions cap Dollar downside

EUR/USD rebounds as Fed decision nears and US-Iran tensions cap Dollar downside

The Euro (EUR) trims a part of its intraday losses against the US Dollar (USD) on Tuesday as the Greenback loses momentum, with traders repositioning ahead of the Federal Reserve’s (Fed) interest rate decision due on Wednesday, while continuing to monitor developments in the Middle East. At the time of writing, EUR/USD is trading around […]

US CB Consumer Confidence edges higher to 92.8 in April

US CB Consumer Confidence edges higher to 92.8 in April

Consumer sentiment in the United States (US) improved slightly in April, with the Conference Board’s (CB) Consumer Confidence Index rising to 92.8 in April from 92.2 in March. “The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—retreated by 0.3 points to 123.8,” the CB noted in its press release. “The […]