Palmer

On Tuesday, Huw Pill, Chief Economist at the Bank of England, remarked that while the passage of time and the absence of negative inflation news had brought interest rate cuts closer, they were still not imminent. Investors scaled back their expectations for a rate cut by the Bank of England in the

Indian shares opened on a positive note Wednesday as weak U.S. business activity data revived rate cut hopes and electric-vehicle giant Tesla struck an upbeat tone despite a sales miss. The benchmark S&P BSE Sensex was up 167 points, or 0.2 percent, at 73,906 in early trade while the broader NSE

The Australian Dollar appreciates after the release of stronger-than-expected CPI data released on Wednesday. The Australian Dollar receives upward support due to the improved risk appetite, along with the higher ASX 200 Index. The US Dollar faced challenges after the downbeat PMI data was released

Euro recovery stalls below 1.0700, and remains dangerously close to the 1.0610 low. A combination of the Fed’s “higher for longer” with hopes of ECB easing is weighing on the Euro. This week the US GDP and PCE Prices Index figures might give a fresh boost to the USD. Euro bears remain in control on

EUR/USD Vs DXY Correlation = +90% Every average 1 to 10 years. DXY 2 vital averages 104.60 and 103.66. The 103.66 level holds DXY from a drop to 101.13, 99.28 and 99.00 at the 5 year average. DXY trades a massive range from 101.79 to 107.40. The top is located at 106.30 and 106.72. DXY 103.66 coinci

NZD/USD maintains gains despite the bearish sentiment indicated by the technical analysis. Traders might contemplate short positions if the pair breaks below the support area encompassing 0.5863 and 0.5850. A pullback from the level of 0.5863 could lead the pair toward lower boundary of a symmetrica

The week starts with a relief rally in equities following a calm weekend on the geopolitical scene. The US 2-year yield pushes above 5% ahead of US GDP and PCE updates. Four of Magnificent 7 are due to report earnings this week. US crude kicks off the week under selling pressure, near the $81.50pb l

Gold price trades on a softer note near $2,385 on Monday. The hawkish shift in market sentiment could dampen demand for yellow metal. The rising conflict between Israel and Iran might lift the gold price. Gold Price (XAU/USD) attracts some sellers around $2,385 on Monday during the early Asian tradi