Overview: Gold is testing its 200-day SMA after two months of consolidation, having failed to revive bullish momentum above 5,000. As the precious metal completes its third negative month, down almost 20% from all-time highs, Read more…
There is always one IPO that defines a generation of investors. For people who started buying stocks in the 1990s, it was Microsoft (MSFT) and Amazon (AMZN). For millennials, it was Facebook and Tesla (TSLA). Read more…
European currencies continue to trade within established ranges following the heightened volatility of recent weeks. Last week, both EUR/USD and GBP/USD declined before staging a recovery; however, the pairs are once again testing important support Read more…
Fundamental backdrop On 27 May, the Reserve Bank of New Zealand kept the Official Cash Rate (OCR) unchanged at 2.25%, in line with market expectations. However, the decision proved finely balanced: the Monetary Policy Committee Read more…
Gold fell to 4,387 USD per troy ounce on Thursday, marking its third consecutive session of losses. The market remains cautious amid persistent uncertainty surrounding negotiations between the US and Iran, which continue to fuel Read more…
In focus today In the euro area, the ECB publishes the minutes from its March meeting today. Given recent comments from Governing Council members, the minutes are likely to reflect increasingly hawkish discussions around further Read more…
Markets Iran and the US turned the script around. This time, the US denied Iranian reports of a draft MoU which would restore Hormuz traffic flow within a month after coming into effect. US President Read more…
Key takeaways Gold (XAU/USD) has broken below its 200-day moving average for the first time in three months, increasing the risk of a fresh bearish impulsive decline within its broader medium-term downtrend. Rising US Treasury Read more…
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The “imminent Iran peace deal” narrative collapsed violently across markets today. Just days ago, traders were aggressively pricing a rapid diplomatic breakthrough that would fully reopen the Strait of Hormuz, crush oil prices, and ease Read more…