Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Dow Jones Industrial Average cracks fresh all-time peak on Monday as Fedspeak drives sentiment
Dow Jones breached into a new all-time high of 40,346.22 on Monday. Fedspeak continues to dominate market attention as traders await cuts. Rate markets see 98% chance of September rate cut according to CME’s FedWatch. The Dow Jones Industrial … [Continue reading]
Canadian Dollar flounders on Monday, BoC notes continued pessimistic outlook
The Canadian Dollar broadly weakened on Monday as markets look elsewhere. Canada caught in a trap of low expectations feeding even lower expectations. Canadian CPI inflation due on Tuesday, could help or hinder CAD. The Canadian Dollar (CAD) broadly … [Continue reading]
Gold price grips gains to near $2,400 on firm Fed rate-cut prospects
Gold price gains above $2,400, driven by growing speculation for Fed rate cuts in September. Softer-than-expected US inflation for June indicated that price pressures are on course to return to 2%. Investors await Fed Powell’s speech and … [Continue reading]
Pound Sterling holds strength as Fed rate-cut bets swell, UK inflation in focus
The Pound Sterling rises to near 1.3000 against the US Dollar as the Fed looks set to start reducing interest rates in September. Hot US PPI report fails to diminish Fed rate cut bets. Investors await the UK inflation and employment data for fresh … [Continue reading]
US Dollar Forecast: Focus shifts to US data and Fedspeak
US Dollar Index (DXY) drops for second straight week. Softer-than-expected US CPI-fuels rate cut bets for September. Retail Sales, FedSpeak emerge as salient events next week. The corrective decline broke below the 200-day SMA The selling pressure … [Continue reading]
New Zealand Business NZ PSI down to 40.2 in June from previous 43
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Trump Assassination Attempt: Gold, stocks set to decline on Republican sweep speculation
Donald Trump has survived a shocking assassination attempt over the weekend. The former president's odds of winning increase amid sympathy and his defiance. Markets may react with a risk-off reaction on fears of higher rates as a … [Continue reading]
Ripple holds on to double-digit gains, highest in top 20 cryptocurrencies
Ripple rallied over 19% in the past seven days per CoinGecko data, as XRP broke past the $0.50 psychological barrier. The altcoin broke past resistance at $0.50 on the one-year anniversary of Judge Analisa Torres’ XRP ruling. XRP trades … [Continue reading]
Bitcoin breaks $60,000 as market anticipates re-election of pro-crypto former President Trump
Bitcoin trades above $60,000 on Sunday as market participants rally in support of former President Donald Trump. The US Presidential candidate made headlines after being shot at a rally, the event garnered the support of the crypto … [Continue reading]