Silver prices claw their way back to $73.50 an ounce on Tuesday, shaking off a bruising 7% drop after Monday’s wild ride to a record $85.87. What happened? Traders took profits—who wouldn’t after a run like that?—and the CME Group
The Australian Dollar kept its gains and momentum against the U.S. Dollar on Monday, hitting a 14-month high at 0.6727. Following the release of the Reserve Bank of Australia’s minutes from its December meeting, this rally began. The message was
Stock futures barely budged early Tuesday, and honestly, you could feel the tension in the air after the S&P 500 closed out two straight days in the red. Futures on the S&P 500 merely hovered. Nasdaq 100 futures fell 0.1%,
BoJ – The Bank of Japan – just published its Summary of Opinions from the December policy meeting, giving everyone a better sense of how officials are thinking about Japan’s interest rates right now. Even after the recent policy tweak,
Gold prices cooled off a bit in Asia on Monday. After smashing through another all-time high near $4,550, traders decided to pocket some profits. Not a huge surprise, honestly—everyone wants to lock in gains after a run like that. Plus,
On December 29, the Australian dollar rallied, with the AUD/USD pair hitting a 14-month high of 0.6727. What causes the jump? Markets are now betting more than ever that the Reserve Bank of Australia will need to raise interest rates
Gold prices edged lower on Tuesday as traders booked profits amid low holiday trading volume. Most major markets closed for Christmas on the 25th, so there was little action. After touching a new record of nearly $4,526, gold dropped back to
Forex markets were closed on December 25, and the USD/CAD ratio hardly changed from its five-month low on December 24. Markets were quiet due to holiday trading, and by December 25, when most major exchanges were closed, the pair was
EUR/USD remains in a holding pattern—likely to continue. For the most part, the EUR/USD has wasted the recovery effort since bottoming at 1.1168 (three-month low) by inching closer to 1.1808 last week but so far failing short of reaching that high
Gold prices eased marginally during Asian trade on Wednesday. The rally sputtered after traders took some profits after hitting a fresh high of $4,526. That move lined up with surprisingly strong US economic numbers—data out Tuesday showed the economy grew at a
On Wednesday, the Yen saw a slight decline in value relative to the US dollar, immediately following its peak this week. Still, the overall mood around the Yen is pretty strong. Lately, it’s found steady support as the Dollar lost
US stock futures barely moved on Tuesday. After Monday’s rally, it looks like investors just needed a breather. Dow Jones futures ticked up less than 0.01%. S&P 500 and Nasdaq 100 inched a bit higher, up 0.03% and 0.1%. Not