Silver clears $34.23 resistance, eyes last year’s high at $34.86 and potentially $35.00 for first time since 2012. US auto tariffs trigger global uncertainty, fueling strong demand for safe-haven metals like Silver. Key support now at $34.00; … [Continue reading]
United States 7-Year Note Auction climbed from previous 4.194% to 4.233%
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]
EUR/USD recovers further while investors ignore potential US-Eurozone tariff war
EUR/USD rebounds to near 1.0780 as the US Dollar corrects despite US President Trump threatening to impose large-scale tariffs on the Eurozone and Canada. Trump has imposed a 25% levy on imports of all automobiles and auto components. Investors await … [Continue reading]
Pound Sterling bounces back against US Dollar despite Trump’s tariffs on automobiles
The Pound Sterling gains to near 1.2925 against the US Dollar, while investors ignore fresh tariffs by US President Trump on auto imports. Fed Kashkari supports leaving interest rates at their current levels for an extended period. UK Reeves cuts … [Continue reading]
GameStop’s plan to issue $1.3 billion convertible notes to buy Bitcoin could boost crypto market and meme coins
GameStop announced that it will offer $1.3 billion worth of senior convertible notes in a private offering. The company stated it would use the proceeds from the convertible notes to purchase Bitcoin and for other corporate purposes. GameStop has … [Continue reading]
USD/CAD gains ground above 1.4300 as Trump announces new auto tariffs from overseas
USD/CAD recovers to near 1.4305 in Wednesday’s late American session. Trump announced 25% tariffs on car imports to the US. BoC Minutes showed the central bank would probably have left rates unchanged if not for tariff risks. The USD/CAD pair … [Continue reading]
Mexican Peso wobbles as growth concerns mount before Banxico call
The Mexican Peso falls as traders brace for a 50-basis-point rate cut amid signs of cooling inflation and weak economic activity. Banxico expected to slash rates by 50 bps as economy shows signs of fatigue. Economic activity remains in contraction … [Continue reading]
Gold: Chinese Life Insurance companies become members of the exchange – TDS
China Lifecos are already on the bid in Gold. The Shanghai Gold exchange admitted four Chinese Life Insurance companies as members of the exchange, enabling them to purchase Gold as part of a pilot program that could grow the network of Gold … [Continue reading]
GBP/USD: No increase in either downward or upward momentum – UOB Group
There has been no increase in either downward or upward momentum; Pound Sterling (GBP) is expected to trade in a 1.2920/1.2980 range. In the longer run, GBP is likely to consolidate between 1.2850 and 1.3015, albeit with a mild downward bias, UOB … [Continue reading]
Fed’s Goolsbee believes borrowing costs would be “a fair bit lower” in 12-18 months from now – FT
Chicago Federal Reserve (Fed) President Austan Goolsbee said in a Financial Times (FT) interview on Wednesday that he “believed borrowing costs would be “a fair bit lower” in 12-18 months from now.” Additional comments Market angst over inflation … [Continue reading]