The Dow Jones lurched into near-time highs as the Trump administration teases new trade deals.Tariff levels are set to swing lower as progress on Japan and EU trade deals is made, but details remain thin.Another walkback from sky-high import tax … [Continue reading]
US Dollar lacks traction despite US-Japan trade deal
The US Dollar stabilizes on Wednesday after a sharp three-day decline.US President Donald Trump announces a $550B trade deal with Japan, easing trade tensions.Political pressure mounts on Fed Chair Powell; Trump calls him a “numbskull.”The US Dollar … [Continue reading]
GBP/USD Forecast: Pound Sterling looks to stretch higher on improving risk mood
GBP/USD trades comfortably above 1.3500 in the European session.The risk-positive market atmosphere could help the pair edge higher.Markets will keep a close eye on fresh developments surrounding the US trade negotiations.GBP/USD stays in a … [Continue reading]
Gold price keeps the red around $3,420 area; downside potential seems limited
Gold price drifts lower after rising to over a one-month peak during the Asian session. A modest USD bounce and a positive risk tone seem to undermine the precious metal. The uncertainty over the Fed’s rate-cut path warrants some caution for the USD … [Continue reading]
Australian Dollar continues to climb on the back of improving market sentiment
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]