The AUD/JPY cross attracts some buyers around 94.50 during the Asian session on Wednesday. The Japanese Yen edges lower against the Aussie following domestic weaker than expected inflation data for May as the relative interest rate differentials between the two currencies will play a crucial role in determining the AUD/JPY direction.
From a technical...
The Australian dollar (also known as the Aussie Battler) looks set to continue its recent bounce. Inflation is now under control and monetary easing will continue to support aggregate demand across the economy. While rate cuts are dovish, the underlying economy is still strong and, as we will explain below, the fiscal situation is shaping up better than expected....
Dow Jones Industrial Average (DJIA) stands at 42,581.78 points, reflecting a 0.9% increase from the previous day. This uptick is attributed to investor optimism following a restrained retaliatory missile strike by Iran on a U.S. base in Qatar, which was perceived as non escalatory. Additionally, comments from Federal Reserve Governor Michelle Bowman suggested...
While most traders have been focused on AI's impact on Western economies, Japan has been quietly chipping away at its own AI revolution. Not by building the flashiest tools, but by embedding AI into the guts of its economy.
Let's start with the obvious. Japan is an industrial giant. Toyota, Fanuc, Sony. These companies aren’t chasing fads. They’re integrating AI...
EUR/USD has been trading sideways after peaking above 1.1600 last week, as traders adopt a wait and see approach ahead of the Fed's interest rate decision due tomorrow morning (AEST). The pair is consolidating within a tight range, with the top end of the recent rally now being questioned amid growing uncertainty.
While the Fed is widely expected to leave its...
Markets are on edge. The Nasdaq is hovering just above its 200-day moving average and with so much angst in the market, this line must hold. If it breaks, risk sentiment could unravel quickly, and we could see a retest of recent 2025 lows.
The trigger isn’t hard to find. Rising tensions in the Middle East are putting upward pressure on oil and energy. A sustained...
Gold prices surged to nearly a two month high on Friday driven by escalating geopolitical tensions in the Middle East. Spot gold rose 1.3% to $3,427.36 per ounce. This marks a gain of over 3.5% for the week.
The rally was fueled by Israel's preemptive strike on Iran's military and nuclear facilities, intensifying regional instability. The conflict has shifted...
Silver is breaking out. Its strength is no accident. The US is running a structural deficit north of 6% of GDP in a full-employment economy. The bond market has absorbed the pain so far, but pressure is building. Investors are starting to look for insurance. Silver is one of the cleanest ways to play the dollar’s long-term debasement.
The metal is trading well...
Crude oil prices are testing fresh 10-week highs today, with WTI futures flirting with the key resistance level at $65.50, a price not seen since the onset of trade tariff tensions in early April.
Investor sentiment remains cautiously optimistic as US-China trade talks continue in London this week, raising hopes that both parties can make progress toward a...
China, the world’s largest consumer of platinum, imported its highest amount in a year last month. Retail investment demand (bars and coins) in China more than doubled, overtaking North America as the top market for platinum investment.
Analysts at Bloomberg Intelligence predict that global platinum demand will exceed supply for the rest of the decade.
Key...
Gold prices advanced during the Asian trading hours, touching a fresh daily high around the $3,317 mark. The move comes amid a combination of factors boosting demand for the yellow metal, notably dovish signals from the Federal Reserve and escalating geopolitical tensions.
The US Dollar weakened following Friday's softer-than-expected inflation data, which has...
Silver price (XAG/USD) halts its losing streak, trading around $33.20 per troy ounce during the Asian hours on Thursday.
There is a good chance silver could retest the immediate support at the twenty-day EMA of $32.87. A push below this level could weaken the short and medium-term price momentum to the downside and put downward pressure on the grey metal around...
The USD/JPY currency pair has reversed its early gains and is trading near 144.20 during Wednesday’s European session. This pullback comes as the US Dollar (USD) struggles to maintain the momentum of Tuesday's recovery.
The US Dollar Index (DXY), which gauges the dollar's strength against a basket of six major currencies, has retreated from its intraday high of...
The GBP/USD pair has shown continued strength this week, briefly retesting the 1.3400 level for the second time in as many weeks. However, this zone remains a strong resistance area, and bulls have struggled to establish a sustained breakout above it. During the Asian session this morning, the pair saw some profit-taking, leading to a retracement toward 1.3350, as...
West Texas Intermediate (WTI) crude edged lower overnight, extending its recent pullback following the latest U.S. Energy Information Administration (EIA) weekly report for the week ending May 9. The data revealed an unexpected build of 3.45 million barrels in U.S. crude inventories, contrasting sharply with the prior week's 2.03 million-barrel draw and defying...
The Gold price rally has halted, as “double-top” candle chart appears to be soon confirmed, which in reverse could send XAU/USD prices toward the $3,000 figure and beyond. Momentum shows that buyers' strength is fading and that sellers are stepping in following a softer-than-expected US inflation report and weaker global outlook as market awaits further...
