Page 23 - Ommodities News Today

EURUSD has escaped a consolidation range upwards, extending the correction wave to 1.0784.

West Texas Intermediate (WTI) US Crude Oil prices extend the overnight pullback from the vicinity of mid-$78.00s, or a fresh monthly peak and drift lower for the second successive day on Thursday.

Gold price (XAU/USD) extends its sideways consolidative price move during the Asian session on Thursday and is currently placed just above a two-month low touched the previous day.

Here is what you need to know on Thursday, February 15: The US Dollar (USD) failed to build on Tuesday gains and the USD Index (DXY) closed in negative territory on Wednesday as the risk mood improved in the American session.

Analysts say, however, that heightened geopolitical tensions in the Middle East provided some cushion against prospects of higher rates in the US

Macro outlook for trend appears to be favourable, but 2023’s performance flop gives would-be investors pause for thought

Gold price is building on Wednesday’s rebound from two-month lows of $1,984 early Thursday, as the US Dollar (USD) resumes correction alongside the US Treasury bond yields.

EURUSD has reached the estimated target of the corrective wave at 1.0734.

Natural Gas (XNG/USD) is falling back to $1.66, coming from $1.71 earlier this Thursday. The whipsaw move comes on the back of disappointing US Industrial Production numbers for January. Not only got the previous number revised down from

Gold price is flirting with the lowest level in two months near $1,990 early Wednesday, consolidating the previous day’s steep sell-off.