Gold reached a three-week high before retreating to around 3,350.Trump fuels volatility after hinting at Powell's removal, then walks back comments.India’s Gold imports plunge 40% in June as high prices curb demand.Gold price rose during the North … [Continue reading]
USD/JPY retreats as Trump-Powell tensions cap gains
US Dollar retreats against the Japanese Yen, with Trump-Powell relations in focus.Interest rate expectations favour USD strength, but political uncertainty caps USD/JPY gains.USD/JPY retreats with resistance firming at 149.00.The Japanese Yen (JPY) … [Continue reading]
US annual PPI inflation softens to 2.3% in June vs. 2.5% expected
Producer inflation in the US continued to soften in June.US Dollar Index trades marginally lower on the day near 98.50.The Producer Price Index (PPI) for final demand in the US rose 2.3% on a yearly basis in June, the data published by the US Bureau … [Continue reading]
Silver Price Forecast: XAG/USD picks up to $38.00 favoured by a softer US Dollar
Silver trims losses as the US Dollar retreats ahead of the US PPI release.The Dollar jumped on Tuesday as strong inflation figures curbed hopes of Fed cuts.XAG/USD downside attempts have been above previous highs, at $37.30.Silver (XAG/USD) is … [Continue reading]
UK CPI set to stay steady in June as markets await BoE’s next move
The United Kingdom’s Office for National Statistics will publish the June CPI data on Wednesday.Inflation, as measured by the CPI, is foreseen steady above the BoE’s goal in June. The GBP/USD pair heads into the release with a firmly bearish toneThe … [Continue reading]
USD/CAD posts modest losses below 1.3750 amid muted chance of BoC rate cut
USD/CAD softens to around 1.3720 in Wednesday’s early Asian session. Canadian annual inflation rate increases to 1.9% in June, hotter than expected. A softer US CPI report might appear to boost the odds of a Fed September rate cut. The … [Continue reading]
Dow Jones Industrial Average falls after CPI inflation ticks up in June
The Dow Jones fell on Tuesday, but still remains within recent consolidation.Equities backslid after US CPI inflation came in hotter in June, stoking Fed rate concerns.Large bank earnings also came in mixed or lower, forcing investor sentiment … [Continue reading]
Can you invest in Real Estate with an IRA? Here’s how
When it comes to choose where to invest retirement savings in the US, stocks, bonds or mutual funds usually take center stage. But retirement planning, particularly when done via an Individual Retirement Account (IRA), offers other options that might … [Continue reading]
WTI dips below $66.00 as Trump gives a deadline on sanctions to Russia
Crude prices drop about $3 as Trump gives a deadline to Russia to end the war in Ukraine.The solid economic growth in China and its higher demand for Oil are keeping prices above June lows. OPEC+ is considering pausing supply hikes from October.Crude … [Continue reading]
Mantle Price Forecast: MNT eyes 200-day EMA breakout for further gains
Mantle ticks lower after three consecutive days of uptrend, targeting the 200-day EMA breakout. The rising MNT Open Interest suggests increased confidence in the derivatives market. The technical outlook is sending mixed signals as the … [Continue reading]