The Australian Dollar strengthens as US–China negotiations gain traction ahead of the August 12 deadline.The six-month annualised growth rate in the Westpac Leading Index slowed to 0.03% in June, down from 0.11% in May.President Trump announced a … [Continue reading]
South Korea Consumer Sentiment Index up to 110.8 in July from previous 108.7
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]
Gold Price Forecast: Further gains retarget the $3,450 zone
Gold prices rebounded markedly past the $3,400 mark per troy ounce.The US Dollar remained well on the defensive on trade concerns.The Federal Reserve is expected to keep rates unchanged in July. Spot gold regained strong balance on Tuesday, climbing … [Continue reading]
Bonk Price Forecast: BONK uptrend wobbles but Golden Cross patterns signal demand resilience
Bonk retreats over 15% from recent highs, suggesting increasing profit-taking activity and narrowing volatility.The RSI’s reversal suggests a reduction in buying pressure following overheated market conditions.Bonk could resume the uptrend, backed by … [Continue reading]
WTI falls to near $65.50 as prevailing trade tensions boost demand concerns
WTI price struggles as persistent trade tensions heighten concerns over the global demand outlook.Traders expect updates on US-EU trade negotiations this week.Indonesia’s sovereign wealth fund, Danantara, is set to sign an $8 billion contract with US … [Continue reading]
Australian Dollar remains subdued as RBA board warrants further rate cuts over time
The Australian Dollar remains subdued following the release of RBA Meeting Minutes on Tuesday.Most RBA members believed it was prudent to wait for confirmation of inflation slowdown before proceeding with further easing.Market caution deepened amid … [Continue reading]
USD/CAD extends downside below 1.3700 ahead of Fed’s Powell speech
USD/CAD weakens to near 1.3680 in Tuesday’s early Asian session. Speculation around a possible replacement of Fed Chair Jerome Powell weighs on the US Dollar. Lower crude oil prices might help limit the pair’s losses. The USD/CAD pair … [Continue reading]
Dow Jones Industrial Average recovers footing on Monday
The Dow Jones rose on Monday as equities test higher ground.Traders continue to bet on another tariff walkback.A thin economic calendar leaves trade headlines as the dominant force.The Dow Jones Industrial Average (DJIA) clawed back recent losses on … [Continue reading]
US Dollar under pressure as trade tensions grow, Fed uncertainty weigh on sentiment
The US Dollar starts the week under pressure, slipping against major currencies on Monday.Despite solid US economic data, the DXY remains capped below the key 99.00 resistance.The DXY US Dollar Index is hovering above critical support near 98.00, … [Continue reading]
GBP/USD: View is still negative – UOB Group
Pound Sterling (GBP) could edge lower, but it does not appear to have enough momentum to break below 1.3375. GBP view is still negative; the next technical target at 1.3320 may not come into view so soon, as it could consolidate first, UOB Group's FX … [Continue reading]