Daily Pivots: (S1) 0.6245; (P) 0.6267; (R1) 0.6299; More… AUD/USD is bounded in sideway trading in tight range and intraday bias remains neutral. With 0.6329 resistance intact, outlook will stay bearish. On the downside, break Read more…
Dollar is trading is a mildly firmer tone while Gold inches closer to the key 3000 psychological level after US President Donald Trump officially raised tariffs on aluminum and steel imports. However, the broader market Read more…
Key Highlights GBP/USD started a consolidation phase above the 1.2320 zone. A key rising channel is forming with support at 1.2340 on the 4-hour chart. EUR/USD could struggle to gain momentum above the 1.0365 resistance. Read more…
More than a month into 2025, it is already clear that companies are as focused on artificial intelligence (AI) as ever. In fact, many Magnificent 7 tech companies, including Google (GOOGL) , Microsoft (MSFT) and Read more…
The dust is still settling after yesterday’s Super Bowl LIX, in which the Philadelphia Eagles finally defeated the Kansas City Chiefs. While the game didn’t feature as much back-and-forth excitement as some previous Super Bowls, Read more…
BoE MPC member Catherine Mann explained her unexpected vote for a 50bps rate cut last week. Speaking to the Financial Times, she emphasized that “Demand conditions are quite a bit weaker than has been the Read more…
Australia’s NAB Business Confidence index made a strong recovery in January, rising from -2 to 4 and returning to positive territory. However, despite this uptick in sentiment, underlying business conditions deteriorated. Business Conditions index dropped Read more…
Elon Musk’s Tesla (TSLA) is a juggernaut in the electric vehicle industry. According to data from Kelley Blue Book, Tesla’s popular Model Y is among the top ten best-selling cars in the United States. Last Read more…
Australia’s Westpac Consumer Sentiment Index rose slightly by 0.1% mom to 92.2 in February. While consumer mood improved significantly in the second half of 2024, the past three months have shown stagnation. Westpac noted that Read more…
Gold (XAU/USD) has broken above $2900/oz, fueled by safe-haven demand amid new tariff announcements. The World Gold Council report indicates that geopolitical risks significantly contribute to gold’s rise. Additionally, European ETF inflows have been substantial. Read more…