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View the daily news commentary to obtain insight on the financial markets.

US Dollar sees intraday gain dampening after Durable Goods print

April 24, 2024, 1:31:35 PM UTC
The US Dollar (USD) sees its recovery attempt being cut short after the US Durable Goods release. Although it was a quite good print with the actual numbers coming in above the survey numbers, the cut down revisions triggered some easing in the US Dollar
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EUR/USD comes off its highs despite strong IFO data

April 24, 2024, 1:28:59 PM UTC
EUR/USD trades just shy of 1.0700 on Wednesday after weaker-than-expected private sector growth and US business activity dent the myth of US economic exceptionalism, weighing on the US Dollar (USD).
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Natural Gas drops 3% with profit taking accelerating

April 24, 2024, 1:28:10 PM UTC
Natural Gas (XNG/USD) tries to hold on to this week's gains Wednesday after a two-day rally sparked by a possible escalation of tensions in the Middle East as the US is set to
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Pound Sterling falls slightly amid firm speculation for early BoE rate cuts

April 24, 2024, 12:57:24 PM UTC
The Pound Sterling (GBP) edges down from 1.2450 against the US Dollar (USD) in Wednesday’s early American session after bouncing back strongly from a five-month low at around 1.2300 in the week.
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EUR/GBP Price Analysis: Downmove reaches critical support level

April 24, 2024, 12:42:00 PM UTC
EUR/GBP price has reversed and fallen to a key support level at around 0.8590, where it is currently consolidating.
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Gold price weakens further ahead of US data-packed week

April 24, 2024, 12:39:00 PM UTC
Gold price (XAU/USD) retreats to $2,315 in Wednesday’s early New York session while attempting to extend recovery above $2,320.
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US Durable Goods Orders rise 2.6% in March to $283.4 billion

April 24, 2024, 12:35:24 PM UTC
Durable Goods Orders in the US rose 2.6%, or $7.3 billion, to $283.4 billion in March, the US Census Bureau reported on Wednesday.
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United States Durable Goods Orders ex Transportation came in at 0.2%, below expectations (0.3%) in March

April 24, 2024, 12:31:10 PM UTC
United States Durable Goods Orders ex Transportation came in at 0.2%, below expectations (0.3%) in March
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Canada Retail Sales ex Autos (MoM) came in at -0.3%, below expectations (0%) in February

April 24, 2024, 12:30:45 PM UTC
Canada Retail Sales ex Autos (MoM) came in at -0.3%, below expectations (0%) in February
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Canada Retail Sales (MoM) came in at -0.1% below forecasts (0.1%) in February

April 24, 2024, 12:30:33 PM UTC
Canada Retail Sales (MoM) came in at -0.1% below forecasts (0.1%) in February
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United States Durable Goods Orders ex Defense below forecasts (2.5%) in March: Actual (2.3%)

April 24, 2024, 12:30:28 PM UTC
United States Durable Goods Orders ex Defense below forecasts (2.5%) in March: Actual (2.3%)
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United States Durable Goods Orders increased to 2.6% in March from previous 1.4%

April 24, 2024, 12:30:13 PM UTC
United States Durable Goods Orders increased to 2.6% in March from previous 1.4%
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Mexican Peso gains after weak manufacturing PMI data hits peers

April 24, 2024, 12:12:30 PM UTC
The Mexican Peso (MXN) trades higher in most pairs midweek following widespread weakness among the majors after the release of disappointing Manufacturing Purchasing Manager Index (PMI) data weighed, especially on the US Dollar (USD).
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Mexico 1st half-month Inflation above expectations (-0.03%) in April: Actual (0.09%)

April 24, 2024, 12:01:10 PM UTC
Mexico 1st half-month Inflation above expectations (-0.03%) in April: Actual (0.09%)
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Mexico 1st half-month Core Inflation meets forecasts (0.16%) in April

April 24, 2024, 12:01:09 PM UTC
Mexico 1st half-month Core Inflation meets forecasts (0.16%) in April
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Silver Price Analysis: Silver price finds floor but is still at risk of more weakness

April 24, 2024, 11:38:22 AM UTC
Silver (XAG/USD) price has found a floor at $26.70 and is consolidating.
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USD/JPY extends upside to 155.00 amid caution ahead of US data, BoJ policy

April 24, 2024, 11:19:14 AM UTC
The USD/JPY pair advances to historic highs of 155.00 in Wednesday’s London session.
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United States MBA Mortgage Applications down to -2.7% in April 19 from previous 3.3%

April 24, 2024, 11:00:02 AM UTC
United States MBA Mortgage Applications down to -2.7% in April 19 from previous 3.3%
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Germany 10-y Bond Auction: 2.54% vs 2.38%

April 24, 2024, 9:50:53 AM UTC
Germany 10-y Bond Auction: 2.54% vs 2.38%
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USD/CAD sticks to modest recovery gains, remains below 1.3700 ahead of US data

April 24, 2024, 9:06:14 AM UTC
USD/CAD rebounds from a two-week low and draws support from a combination of factors.
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Silver price today: Silver falls, according to FXStreet data

April 24, 2024, 8:58:50 AM UTC
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
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EUR/JPY sets to capture 166.00 on Japanese Yen’s persistent underperformance

April 24, 2024, 8:42:19 AM UTC
The EUR/JPY pair aims to extend its upside to 166.00 due to persistent weakness in the Japanese Yen.
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Gold price trades with mild negative bias, manages to hold above $2,300 ahead of US data

April 24, 2024, 8:40:08 AM UTC
Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from over a two-week low – levels just below the $2,300 mark – and oscillates in a narrow range during the Asian session on Wednesday.
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NZD/USD Price Analysis: Could break into the symmetrical triangle, rises to near 0.5950

April 24, 2024, 8:20:14 AM UTC
NZD/USD advances for the third consecutive session on Wednesday, trading around 0.5940 during the European session.
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India Gold price today: Gold recovers, according to MCX data

April 24, 2024, 8:07:57 AM UTC
Gold prices rose in India on Wednesday, according to data from India's Multi Commodity Exchange (MCX).
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Italy Business Confidence below expectations (89.5) in April: Actual (87.6)

April 24, 2024, 8:02:19 AM UTC
Italy Business Confidence below expectations (89.5) in April: Actual (87.6)
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German IFO Business Climate Index improves further to 89.4 in April vs. 88.9 expected

April 24, 2024, 8:02:00 AM UTC
The headline German IFO Business Climate Index came in at 89.4 in April, way higher than the March reading of 87.9.
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Italy Consumer Confidence below expectations (96.9) in April: Actual (95.2)

April 24, 2024, 8:01:53 AM UTC
Italy Consumer Confidence below expectations (96.9) in April: Actual (95.2)
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Germany IFO – Expectations registered at 89.9 above expectations (88.9) in April

April 24, 2024, 8:01:51 AM UTC
Germany IFO – Expectations registered at 89.9 above expectations (88.9) in April
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Switzerland ZEW Survey – Expectations: 17.6 (April) vs 11.5

April 24, 2024, 8:01:19 AM UTC
Switzerland ZEW Survey – Expectations: 17.6 (April) vs 11.5
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