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Markets

Nvidia mesmerizes markets: is it too early to doubt the AI bull market?
Nvidia has done it again: delivered an exceptional quarter and issued very strong guidance. The shares rose after results that…
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Forex

British Pound languishes near weekly low, below 1.3600 as USD bulls await Warsh’s speech
GBP/USD struggles to attract any meaningful buyers, though the downside seems limited. The hot US inflation data fuels Fed hike…
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Forex

Canadian Dollar consolidates near weekly low as USD bulls seem hesitant
USD/CAD struggles to capitalize on its weekly gains amid a combination of diverging forces. Geopolitical risks support crude oil prices,…
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Forex

Australian Dollar holds strong due to RBA rate hike bets
AUD/USD holds strong on rising RBA rate hike expectations despite weak capital expenditure data. Hotter July inflation prompted major banks…
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Geo-Political

UKMTO says tanker hit by unknown projectile in Strait of Hormuz
The United Kingdom Maritime Trade Operations (UKMTO) said on Thursday that an “unknown projectile” struck a tanker in the Strait…
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Forex

New Zealand Dollar declines to near 0.5950 as US PCE data lift Fed rate hike bets
NZD/USD posts modest losses near 0.5950 in Thursday’s early Asian session. The US July PCE rose 0.2% on the month…
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Metals

XAG/USD holds above $69.00 as traders assess Fed stance
Market participants closely await Fed Chair Kevin Warsh’s upcoming speech at the annual Jackson Hole symposium. July’s PCE price index…
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Forex

South Korean Won gains on back-to-back BoK interest rate hikes
South Korean Won rises against the US Dollar as the BoK raises interest rates again. The BoK pushes policy rates…
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Metals

Gold scales higher on softer US yields as traders await Fed Chair Warsh’s speech
Gold regains positive traction as the US Treasury’s buyback strategy keeps US bond yields depressed. The US inflation data fuels…
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Forex

AUD/JPY Price Forecast: Gains ground to near 114.50, bullish tone prevails above 100-day SMA
AUD/JPY gathers strength to around 114.45 in Thursday’s early European session. The constructive view of the cross remains intact above…
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