Technical Analysis
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Trader Talk – EUR/USD tried to reverse the trend; Wall Street marked its third consecutive week of gains
The main factor driving market volatility : The main driver of the markets remains the US corporate earnings season, which…
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Mexican Peso refreshes multi-month highs, Banxico minutes eyed
USD/MXN rebounds from 16.97 as buyers defend 17.00. Weak Retail Sales and sentiment deepen US Dollar pressure. Banxico minutes and…
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The US100 is just 3% off its highs, and valuations… are surprisingly low!
Looking at the price chart, the US Nasdaq technology index is within touching distance of its all-time highs. With the…
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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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