The precious metal has extended its run claiming two more targets at 1630.00 and 1640.85 towards the end of last week's session an increase of approximately 4% in the week's trading session. Gold prices were last traded at 1643.15 just above 1640.85 and could continue to its next target at 1655.00 i
US President Trump is planning to visit India as early as this month and a limited trade deal could be announced if he decides to do so, the Wall Street Journal reported on Friday, citing US and Indian officials.
"The US wants India to ease pricing caps on medical equipment. Foreign companies that s
The completion of US-China trade deal phase one was well received by investors. There was an additional bonus of scrapping the label of China as currency manipulator by the US Treasury. The is no time frame for the phase two negotiations yet. But the US is already working with EU and Japan to push W
According to analysts at ANZ, market sentiment change that occurred late last year is broadening.
“Global equities continue powering to fresh all-time highs, fuelled by lower interest rates and the Phase One trade deal. It has now been 69 days since a 1% pullback in the S&P 500; and o
AUD/NZD holds in a tight spot following steep downside from 1.08s.
Markets will soon switch attention to Aussie data and RBA meeting.
AUD/NZD is currently trading at 1.0392 having travelled in Asia between 1.0386 and 1.0400 having started out the year in a chop between 1.0450 and 1.0310 and remain
Daily Pivots: (S1) 1.2970; (P) 1.3002; (R1) 1.3049;
GBP/USD recovers ahead of 1.2905 support and intraday bias is turned neutral first. On the downside, sustained break of 38.2% retracement of 1.1958 to 1.3514 at 1.2920 will target 61.8% retracement at 1.2552. On the upside, above 1.3097 minor resis
The US President Trump took to Twitter last hour, sending a message to Iran amid the latest rockets attack by Iran.
Trump tweeted: National Security Adviser suggested today that sanctions & protests have Iran “choked off”, will force them to negotiate. Actually, I couldn’t care less if they nego
GBP/USD three-month risk reversals (GBP3MRR), a gauge of calls to puts, has jumped to -0.675 - the highest level since June 2018 - indicating the implied volatility claimed by the put options (bearish bets) on the British Pound has hit a 19-month low.
Put simply, investors are expecting GBP/USD to
Gold buyers catch a breath after rising to 6.5-year high during the previous day.
A lack of fresh war threats from either the US or Iran seems to have hit the Bullion’s latest safe-haven demand.
Markets will now keep eyes on macros, coupled with the US data, for immediate direction.
Gold prices ext
West Texas Intermediate (WTI) oil is headed to $75 per barrel, regardless of the outcome of rising tensions in the Middle East, Shale-oil baron Harold Hamm said during a CNBC interview on Monday.
The market is headed toward a “tightening of supplies” regardless of what happens in the Mi
The US yield curve has steepened to levels last seen in October 2018.
The steepening of the curve is signaling optimism for 2020.
Wall Street's favorite fortune teller – the Treasury yield curve or the spread between the 10 and two-year yields – is signaling optimism for 2020.
The spread rose to
CME Group’s advanced data for EUR futures markets noted open interest resumed the upside after Monday’s pullback and rose by around 2.7K contracts on Tuesday. On the other hand, volume shrunk for the second session in a row, now by around 22.9K contracts.
EUR/USD faces strong resistance around 1.108
Australian Dollar tumbles broadly today after poor employment data, which suggests RBA is still on track for more easing. Additionally, the Aussie and Kiwi are weighed down by risk aversion in Asian markets. Hong Kong stocks lead others lower again on poor Chinese economic data, and continued unrest
Risk-on positioning has continued to be expressed in currencies, which has seen the yen edge out fresh lows and the dollar bloc and most developing-world currencies rise (even the Turkish lira has come off the lows over the last day). Markets are hopeful that the U.S. and China will reach a partial