Technical Analysis
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British Pound advances as weak US sales deepen USD slide
GBP/USD edges up as weak US Retail Sales pressure Dollar. Consumer sentiment drops, reinforcing Fed hold bets for September. UK…
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SanDisk Gains 40% in Just Two Weeks
Shares in the US storage manufacturer SanDisk (SNDK.US) have risen by over 40 per cent over the past two weeks.…
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Trade of The Day – WHEAT
Facts Chicago wheat futures (WHEAT) are rising for a third consecutive session and have gained around 15% since the end…
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WTI Oil rebounds as supply tensions overshadow demand concerns
WTI Oil rises 0.40% on Friday after two days of correction, supported by persistent concerns over energy supply disruptions. Iran…
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UoM Consumer Sentiment Index set to ease as inflation, labour market worries loom
The Preliminary Michigan Consumer Sentiment Index is expected to ease to 54.5 from 55.2 in July US consumers’ optimism has…
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Chart of the Day – Speculations Around Faster Rate Hikes in Japan — Could USD/JPY Reverse Its Trend?
Key takeaways The BOJ could raise interest rates as early as September, but for the yen, what the central bank…
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XAG/USD extends correction as energy supply concerns remain intact
Silver price slumps to near $63.80 as global supply concerns keep inflation projections de-anchored. Traffic through key passages, the the…
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Gold finds some support ahead of $4,300 as USD remains depressed on receding Fed hike bets
Gold attracts some follow-through selling for the second consecutive day on Friday. Geopolitical risks act as a tailwind for the…
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Euro gains as receding Fed hike bets weigh on USD; geopolitical risks cap upside
EUR/USD builds on the overnight bounce from an over-one-week low amid a softer USD. Signs of cooling US inflation further…
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GBP strengthens to near 1.3500 as Fed rate hike bets ease
GBP/USD gains traction to around 1.3495 in Friday’s early European session. US PPI inflation was flat in July, below expectations.…
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