Markets The November yield correction found an easy way in at the start of the final month of the year through a disappointing US manufacturing ISM. The headline figure stabilized at 46.7 instead of improving Read more…
Today’s early Asian session’s swift rally to a fresh all-time high is likely to be driven by a thin liquidity trading environment rather than the Israel-Hamas geopolitical war risk premium. Spot Gold’s portfolio hedging role Read more…
The Federal Reserve (Fed) President Jerome Powell pushed back against the rate cut bets at his speech given in Atlanta last Friday. He is of course playing the card of ‘high for long’ rates to Read more…
Market movers today There are no market movers today in the calendar. This week focus will be on US data releases with both the November jobs report, ISM services, and the University of Michigan survey Read more…
Daily Pivots: (S1) 146.20; (P) 147.27; (R1) 147.88; More… Intraday bias in USD/JPY is back on the downside with break of 146.65 temporary low. Fall from 151.89 is in progress and should target 145.06 key Read more…
Gold and Bitcoin are leading the charge in Asian markets today, with Gold breaking to a new record high and Bitcoin surpassing the 40000 mark. This surge contrasts with the mixed performance of Asian equity Read more…
DXY: The DXY (US Dollar Index) chart currently maintains a bearish overall momentum, indicating the potential for a bearish continuation towards the 1st support. The 1st support at 102.63 is identified as an overlap support Read more…
Key Highlights EUR/USD rallied toward 1.1020 before it corrected lower. A major bullish trend line is forming with support near 1.0880 on the 4-hour chart. GBP/USD is consolidating gains above the 1.2650 level. Gold prices Read more…
2023 has been a tough year to be a home buyer or a home seller. The first problem has been high prices in many markets for homes owned by Baby Boomers paying 4% or lower Read more…
Gold prices reached a new record high today, surpassing 2,110, before experiencing a slight pullback. This surge represents an extension of the recent two-month rally, initially sparked by the Israel-Hamas conflict,which heightened global geopolitical tensions Read more…