The price of gold maintains a bullish bias despite temporary retreats. XAU/USD could develop a new leg higher if it stays above the uptrend line. After its massive drop, a new swing higher is on the cards. The gold price plunged in the short term after failing to test 2,075.28 key resistance. Technically, a temporary … Continued

The post Gold Price Halts Losses at $1,970 amid Geopolitics, Eying US CPI appeared first on Forex Crunch.

The run-up to the latest snapshot of just how bad U.S. inflation is sees Bitcoin break through range low resistance.

The New Zealand dollar has started the week in negative territory. NZD/USD is down 0.50%, and is trading at 0.6825 in the North American session. The currency enjoyed its best week since August 2021, with gains of 1.75%. The war in Europe has drained risk appetite, but the kiwi, although sensitive to risk, is also a […]

Surging commodities and a strong dollar add to stock traders' woes, with Goldman Sachs' former CEO wondering why crypto assets are not "having a moment."

Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York.  This week they discuss how financial markets reacted to the War in Ukraine, what does the latest nonfarm payroll report does to Fed rate hike expectations, and recapped what happened with energy markets. They also […]

Recession risks mounting It’s been another week of significant volatility in financial markets, one in which European indices edged closer to bear market territory, oil prices hit a 10-year high around $120, and safe-haven gold came close to $2,000. The Russian invasion of Ukraine and the severe sanctions imposed on it by the West have […]

After starting the week with gains, the euro has been on a nasty slide, which has continued on Friday.  EUR/USD has dropped below the symbolic 1.10 level in the European session and is at its lowest level since June 2020. Fire at Ukraine nuclear plant sends euro lower The intensified fighting which is raging in […]

Treating human waste by turning it into biogas could be an effective means of mining bitcoin which would benefit small towns in developing countries the most.

Massive uncertainty remains It’s been another week of significant volatility in financial markets and there’s little reason to expect next week will be any different. The Russian invasion of Ukraine sent shock waves around the world and the ripple effects were felt throughout the markets as investors were forced to consider what the consequences would […]

Japan’s CPI hits 2-year high In Japan, the spotlight this week was on inflation indicators. After decades of deflation, Japan is experiencing inflationary pressures, although nothing on the scale that we’re seeing in the US or the UK. Inflation remains below the BoJ’s target of around 2%, but if the upswing continues, it could lead […]

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If nothing extraordinary happens, the Federal Reserve will raise interest rates and implement “quantitative tightening”, that is to withdraw liquidity from the market, in its fight against the high inflation rate.

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