Technical Analysis
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Gold extends rally as markets await US PCE and Warsh’s Jackson Hole speech
Gold extends last week’s strong rally and climbs to its highest level since May 15. Traders await US PCE inflation…
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Chart of the Day: Trump drives the Canadian dollar sell-off
The week has begun with relatively low volatility in the currency market. An exception is the Canadian dollar, which is…
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Indian Rupee strengthens due to strong capital inflows, RBI support
Indian Rupee receives support from capital inflows and expected RBI support. Declining crude offers relief to INR, but pending US…
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British Pound holds near Feb. 11 highs vs weak USD as bulls await breakout above 1.3660
GBP/USD maintains its bid tone for the fourth straight day amid the prevailing USD selling bias. Reduced Fed rate-hike bets…
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WTI slips below $85.00 as traders take profits before new US sanctions on Iran
Investors take profits ahead of stricter US sanctions targeting Iranian oil exports and trading partners. Middle East tensions and Strait…
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Gold gains momentum above $4,600 on US Treasury buyback plans
Gold price edges higher to near $4,625 in Monday’s early Asian session. Bessent said he may increase the government’s repurchases…
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Canadian Dollar bears seem hesitant as weak USD counters US-Canada trade war
USD/CAD kicks off the new week on a positive note, though it lacks follow-through buying. US-Canada trade war fears and…
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Japanese Yen advances on BoJ rate hike bets, subdued US Dollar
USD/JPY falls as two months of accelerating Japanese inflation heightened expectations for a September BoJ rate hike. The US Dollar…
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United States Dollar Index softens below 99.00 on US fiscal concerns
US Dollar Index weakens to around 98.80 in Monday’s Asian session. Treasury bond buybacks raise concerns over the deteriorating fiscal outlook. Bessent…
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Ross Stores: “Only” good earnings, or a recession signal?
One of the less exciting, yet moderately important U.S. companies reporting earnings today was Ross Stores. Ross Stores operates several…
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