FX

Gold price extends the previous day’s losses on breaking $1,937-38 key support. US Dollar’s rebound ahead of Fed’s preferred inflation gauge also weighs XAU/USD. Hopes of US debt ceiling extension, fading recession woes underpin USD strength. Firmer US Core PCE Price Index becomes necessary for the Fed to defend hawkish policy moves and the Gold
USD/INR retreats from weekly high, prints mild losses of late. Greenback remains depressed as US activities shrank for the seventh consecutive month. Cautious mood ahead of key data/events join sluggish yields, Oil price rebound to probe Indian Rupee buyers. USD/INR bulls take a breather after a two-day uptrend amid Wednesday’s sluggish markets, refreshing intraday low
XAG/USD stays firm and climbs as the US Dollar remains offered across the board. Silver Price Analysis: Range-bound but could turn bullish above $24.50; otherwise, it could re-test the 50-DMA. Silver price extended its gains for the second consecutive day, cleared Thursday’s daily high of $23.93, and held its ground above the 20-day Exponential Moving Average
Mullen Automotive stock is losing value on Friday. MULN stock has lost more than -16% YTD.  To continue its production ramp up goals, Mullen will probably need to keep diluting shareholders. Mullen management could boost oustanding shares from 1.7 billion to 5 billion. Mullen Automotive (MULN) has experienced an awful slide this week. Early January’s
The recent GBP underperformance is largely due to a less hawkish BoE and sluggish domestic activity data but its underperformance is unlikely to continue in the light of a rebound in global risk sentiment and improving domestic dynamics, economists at HSBC report. GBP to benefit from the UK’s improving external balance “With inflation in the
AUD/USD extends the previous day’s pullback from five-month high, renews weekly low. Confirmation of bearish chart pattern, sustained break of 50-SMA favor sellers. 200-SMA, monthly support line probe bears even as oscillators suggest further downside. AUD/USD remains on the back foot for the second consecutive day after refreshing the multi-month high, down half a percent