In light of advanced data for crude oil futures markets from CME Group, open interest dropped for yet another session on Tuesday, this time by just 309 contracts. Volume, instead, prolonged the choppy activity and went up by around...
Open interest in gold futures markets receded for the third consecutive session on Tuesday, this time by around 4.2K contracts according to preliminary figures from CME Group. On the other hand, volume rose sharply by nearly 207K contracts. Gold:...
CME Group’s preliminary data for Natural Gas futures markets noted open interest shrunk for the second session in a row on Tuesday, this time by nearly 7.5K contracts. On the other hand, volume increased by nearly 60K contracts, reversing...
Gold has been dropping from the highs amid an upbeat market mood that turned unfavorable for the precious metal. Can it recover? XAU/USD is sitting at critical support. The Technical Confluences Indicator is showing that gold is sitting just above a...
Global stocks rallied yesterday as investors remained optimistic about the economy. In the United States, the Dow Jones rose by more than 529 points while the S&P500 and Nasdaq rose by 36 and 15 points respectively. Yesterday, new home...
top near 108.60, During the quote’s further rise past-108.60, the previous month’s peak near 109.40 will lure the buyers. Meanwhile, a downside break below the said support line, at 107.53 now, could recall 107.00 rest-point on the chart. However,...
Gold prices have been edging higher amid an upbeat mood, which seems to favor the precious metal, contrary to past behavior. Can it continue higher? Its technical battle lines are well-defined. The Technical Confluences Indicator is showing that fierce resistance awaits...
EUR/JPY advances to 2-day highs near the 118.00 mark on Tuesday. Immediately to the upside emerges interim target at the 118.50 region. EUR/JPY is extending the bounce off recent lows in the 117.00 neighbourhood and is trading at shouting distance...
The New Zealand dollar rose in early trading as the market reacted to April trade data. According to Statistics Canada, the country’s trade surplus surged to a record of more than $1.3 billion. That happened as exports declined by...
EUR/JPY’s decline appears to have met decent support in the 117.00 neighbourhood so far. The resumption of the upside bias should target the 118.50 region in the short-term horizon. The downside momentum in EUR/JPY lost momentum in the 117.00 area so...
