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Markets

Trade of The Day – US100
Facts: US100 has defended support around 28,430 points on three separate occasions. The RSI (14) on the hourly chart has…
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Markets

Alphabet shares are down 22% from their all-time high. Is Google ready to resume its bull run?
Key takeaways Alphabet (GOOGL.US) shares are down more than 20% from their all-time high of around $407 per share. The…
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Markets

SAP earninigs: The cloud shows strong demand, margins remain under pressure
SAP is one of the leaders in the SaaS sector, but despite growth in operations and profits, it has also…
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Metals

Gold climbs above $4,050 on retreating USD; upside seems limited amid Fed hike bets
Gold recovers from the daily low amid a modest USD pullback, though it lacks follow-through. Elevated crude oil prices fuel…
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Indices

Dow Jones futures bounce back as oil cools, though geopolitical risks persist
Dow Jones futures rise as falling oil prices eased immediate inflation concerns, despite ongoing geopolitical risks in the Middle East.…
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Banks

Brent: War premium drives triple-digit prices – UOB
UOB Global Economics & Markets Research highlights that escalating US-Iran tensions and Houthi attacks on Red Sea shipping have driven…
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Economic Calendar

UK S&P Global Services PMI returns to growth in July, arrives at 51.8
According to preliminary data, the United Kingdom (UK) S&P Global Services Purchasing Managers’ Index (PMI) arrives above 50.0 in July,…
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Banks

South African Rand: SARB surprise weighs against US Dollar – Commerzbank
Commerzbank’s Volkmar Baur says the South African Reserve Bank’s (SARB) decision to keep its policy rate unchanged at 7% came…
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Banks

Gold: Oil-led inflation fears cap recovery – ING
ING’s Warren Patterson and Ewa Manthey report that Gold has come under pressure as higher Oil prices stoke inflation concerns and push…
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Banks

Euro: Rate support seen fading gradually against US Dollar – MUFG
MUFG’s Derek Halpenny says the ECB’s latest communication supports a likely September rate hike, now almost fully priced, but warns…
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