A strong nonfarm payroll report has paved the way for the Fed to deliver another 75 basis-point rate hike at the June 27th policy meeting. An overheating economy and hot inflation will keep the Fed focused on aggressively fighting inflation. Recession fears eased after the June payrolls impressed and wage growth remained strong. The Fed has the all-clear […]
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Key Highlights Gold found support near $3,120 and started a fresh increase. It cleared a key bearish trend line with resistance at $3,220 on the 4-hour chart. EUR/USD is moving higher above the 1.1250 resistance Read more…
S&P 500 saw its six-day winning streak end amidst rising US yields and concerns over Trump’s tax cut proposals and US debt. The “Magnificent 7” stocks are currently underperforming but could potentially drive a larger Read more…
Currently trading at around ~33.0865 per troy ounce, silver trades higher in today’s session on a weaker dollar and renewed safe-haven demand. XAG/USD: Key Takeaways With the dollar continuing to weaken, XAG/USD trades ~2.25% higher Read more…