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Markets

Trade of The Day – WHEAT
Facts: The price is above the EMA 5, 20, 100, and 200 averages. EMA 100 is above EMA 200. RSI…
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Markets

Chinese Company Challenges Samsung and SK hynix, But It Still Has a Long Way to Go
The headlines are strong. Chinese company YMTC has risen to third place worldwide in NAND memory shipments, overtaking Japan’s Kioxia.…
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Markets

Chart of the Day – US100 ahead of Nvidia earnings – will semiconductors get hit or get fresh fuel?
The Nasdaq 100 futures contract ( US100 ) will be closely watched by global markets today ahead of earnings from…
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Economics

Economic calendar – Wall Street holds its breath: US PCE data and Nvidia earnings in focus
Today’s calendar is relatively busy, with the key releases concentrated in the afternoon, shortly before the Wall Street open. The…
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Markets

Oil tumbles to $85, markets await Nvidia earnings
U.S. stock indices recovered a small part of their recent losses yesterday as oil prices and bond yields declined, modestly…
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Metals

Gold remains depressed below $4,650 on firmer USD; looks to US PCE for Fed rate outlook
Gold is seen consolidating in a range as bulls keenly await the release of the US PCE data. Fading Fed…
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Banks

Australian Dollar: RBA waits as inflation sticks – Commerzbank
Volkmar Baur at Commerzbank notes that the Reserve Bank of Australia (RBA) is in wait-and-see mode after three rate hikes,…
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Banks

US Dollar: Core PCE and Warsh remarks in focus – OCBC
OCBC Bank strategists Sim Moh Siong and Christopher Wong highlight that lower energy prices have helped pull US and European…
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Banks

Equities: Tech-led gains with softer Oil – Deutsche Bank
Deutsche Bank notes that Nvidia’s earnings have become a major macro catalyst, although the impact of positive surprises has faded…
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Forex

USD/JPY Price Forecast: 20-day EMA continues to act as key barrier
USD/JPY declines to near 159.00 amid hawkish BoJ expectations. Investors keenly await the US PCE Inflation data for July. The…
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