Dollar continues to face broad-based selling pressure as the markets move into US session. Fed Governor Christopher Waller is set to speak, but he is expected to maintain his consistent view that Fed is nearing Read more…
With the conflict between Israel and the Islamist group Hamas close to reaching its one-year anniversary and showing no end in sight, airlines that initially sought to restart their service to the country are displaying Read more…
While some will drive through national parks by car that they will exit only for a quick photo opp, true nature lovers will argue that the only real way to experience the country’s 63 national Read more…
The price of gold continues its impressive ascent, balancing around $2500 per troy ounce early this week, hovering near record peaks. The primary catalyst driving this rally is the intensified demand for safe-haven assets amid Read more…
Nvidia shares edged lower in early Monday trading after analysts at Goldman Sachs kept the AI chipmaker on a key list of recommended stocks heading into its highly-anticipated second quarter earnings next week. Nvidia (NVDA) Read more…
Minneapolis Fed President Neel Kashkari indicated that Fed’s focus is increasingly shifting toward concerns in the labor market, moving away from the inflation side of its dual mandate. In an interview with WSI, Kashkari Read more…
Gold prices surpassed the $2500/oz level on Friday despite a decrease in the likelihood of a 50 bps cut at the Federal Reserve’s September meeting. The rally in gold prices is attributed to dovish remarks Read more…
We noted bullish sentiment in the gold market six days ago: → The price is moving within an ascending channel (shown in blue); → Bulls may attempt to set a historic record amid the release Read more…
USDJPY dips further on Monday, adding to signals that corrective phase off 141.68 (Aug 5 spike low) is likely over. Upleg from 141.68 was repeatedly capped at pivotal Fibo barrier at 149.36 (38.2% retracement of Read more…
The dollar index remains firmly in red in early Monday trading, and extends Friday’s 0.93% drop, to breach key support at 101.94 (Aug 5 low, the lowest in eight months). The dollar was weaker across Read more…