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  • May 28, 2024
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WTI approaches weekly high above $79.00 amid caution ahead of OPEC+ meet

West Texas Intermediate (WTI), futures on NYMEX, move higher towards weekly high near $79.25 in Tuesday’s European session.

  • Blog
  • May 28, 2024
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Natural Gas falls despite increasing tensions over deadly Israel strike on Rafah

Natural Gas price (XNG/USD) is testing this week’s low on Tuesday after prices fell on Monday due to extensive profit-taking.

  • Blog
  • May 28, 2024
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Gold declines after imports to China fall

Gold (XAU/USD) is trading lower in the $2,340s on Tuesday, despite sentiment taking a negative turn (normally positive for Gold) on the back of concerns that demand in China –…

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  • May 28, 2024
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Pound Sterling gains further against the US Dollar with focus on US core PCE inflation

The Pound Sterling (GBP) approaches the round-level resistance of 1.2800 in Tuesday’s European session.

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  • May 28, 2024
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Mexican Peso edges lower as market sentiment ebbs, volatility falls

The Mexican Peso (MXN) edges lower in its most heavily traded pairs on Tuesday as market sentiment ebbs on continuing uncertainty regarding the global interest-rate outlook whilst Israel’s actions in…

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  • May 28, 2024
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USD/CAD extends downside to 1.3600 amid soft US Dollar

The USD/CAD pair drops further to near the round-level support of 1.3600 in Tuesday’s Asian session.

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  • May 28, 2024
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ECB’s Schnabel: QE may have weakened the transmission of monetary policy

European Central Bank (ECB) policymaker Isabel Schnabel said on Tuesday that “QE may have weakened the transmission of monetary policy during the recent tightening cycle.” “In a bank-based economy targeted…

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  • May 28, 2024
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Mester expects the Fed to consider communications as part of its next monetary policy framework review

Cleveland Federal Reserve President Loretta Mester participated in a panel discussion titled “Policy Panel Discussion” at the Bank of Japan (BoJ) – Institute for Monetary and Economic Studies, in Tokyo,…

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  • May 28, 2024
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Fed’s Bowman: Important to keep reducing balance sheet size to reach ample reserves as soon as possible

Federal Reserve (Fed) Governor Michelle Bowman participated in a panel discussion titled “Policy Panel Discussion” at the Bank of Japan (BoJ) – Institute for Monetary and Economic Studies, in Tokyo,…

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  • May 28, 2024
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Australian Dollar remains tough, while US Dollar depreciates ahead of looming US PCE

The Australian Dollar (AUD) continues to strengthen against the US Dollar (USD) for the third consecutive session on Tuesday, despite the softer Australia’s Retail Sales (MoM), which rose by 0.1%…

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