Gold price fails to build on overnight positive move amid hawkish Fed expectations. A modest downtick in the US bond yields undermines the USD and lends some support. The uncertainty over the Fed’s policy outlook holds back bears from placing

Markets kick off the week on Monday on a tepid footing, as they take account of the weekend’s developments on the geopolitical front. Geopolitical tensions between the West and the Middle East further escalated after the United States (US) and the United

Despite heightened geopolitical tensions in the Middle East, West Texas Intermediate (WTI) oil prices struggle to sustain intraday gains, facing challenges in breaking a three-day losing streak. The United States (US) and the United Kingdom (UK) executed new air strikes

FX option expiries for Jan 31 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.0700 1b 1.0800 753m 1.0860 842m 1.0900 1.1b 1.0950 442m 1.0955 893m – GBP/USD: GBP amounts 1.2630 750m 1.2700 471m –

Germany’s retail sales registered a 1.6% month-on-month decline in December, contrasting with a 2.5% drop in November, according to the latest data released by Destatis on Wednesday. The market had anticipated a 0.7% increase. On a year-on-year basis, retail sales

Japanese Retail Sales, or Retail Trade as it’s referred to by the Japanese Ministry of Economy, Trade and Tourism came in well under expectations early Wednesday, with headline annualized Retail Sales for the year ended December growing by just 2.1%

The Bank of Japan (BoJ) released the Summary of Opinions from its January monetary policy meeting on January 22 and 23. Key quotes from the summary include: “One member emphasized the need for the BOJ to patiently maintain monetary easing

Gold prices continue their upward trajectory, influenced by a combination of geopolitical risks and recent US economic data. The precious metal’s current value stands at $2036.50 during the start of the Asian Wednesday session, showing stability in its trend. Despite

WTI Oil has broken free from its downtrend since October, signaling a positive shift. In the realm of geopolitics, Chinese diplomats are urging Iran to maintain control over Houthi rebels. Meanwhile, the US Dollar Index has broken out of a

Pound Sterling makes a robust recovery amid an improved market sentiment fueled by softer US Core Personal Consumption Expenditure (PCE) Price Index data for December. The monthly core PCE grew by 0.2%, meeting expectations, while the annual core PCE figure