Technical Analysis
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GBP clings to gains against US Dollar, US CPI in focus
The British Pound trades firmly at around 1.3500 against the US Dollar. Investors await the US CPI data for July…
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Canadian Dollar sits near two-month top vs USD amid bullish oil prices
USD/CAD languishes near a two-month low as bullish oil prices continue to underpin the Loonie. Geopolitical uncertainties, inflation risks and…
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New Zealand Dollar remains confined in a range vs USD amid Iran risks, ahead of US CPI
NZD/USD struggles to gain any meaningful traction amid mixed fundamental cues. Geopolitical risks, inflation fears and Fed rate hike bets…
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Gold rallies further beyond $4,400; highest since early June
Gold attracts buyers for the third straight day and climbs to over a two-month high on Tuesday. Receding Fed hike…
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Trade of The Day – OIL
Facts: The price has moved back above the EMA200 level. The EMA100 remains above the EMA200. RSI (14) is 52.4.…
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Intel’s $15 Billion Funding Gap: A Financial Warning Sign or an Investment in Growth?
$15 billion. That is how much Intel plans to raise through a new share offering. For any company, that would…
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TTF gas rises over 6% near 58 EUR
Natural gas prices in Europe are reacting with a strong increase to the ongoing impasse in the Strait of Hormuz…
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Chart of the Day: USD/JPY Recovers After Disappointing Payroll Data
The USD/JPY exchange rate quickly recouped most of the losses triggered by the weak US labour market report and is…
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Gold bulls seem hesitant near $4,350 as Iran risks and Fed hike bets support USD
Gold attracts some dip-buyers at the start ofa new week, though it lacks follow-through. . Oil prices fuel inflation fears…
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New Zealand Dollar drifts lower as USD recovers from post-NFP lows amid Mideast jitters
NZD/USD meets with a fresh supply on Monday as geopolitical risks underpin the USD. Higher oil prices fuel inflation fears…
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