Gold prices rallied to hit $2009 on Monday, refreshing the yearly high as the repercussion of banking sector turmoil boosted the demand for safe-haven assets. However, the precious metal failed to sustain the bullish strength, pulling back notably to around $1975 into the close.
On Tuesday, the market sentiments seem to improve slightly with the US bond yields...
Dow Jones dropped as risk-off took the driver’s seat ahead of FOMC meeting.
From a technical perspective, Dow Jones is brewing a Bat Pattern on the weekly chart.
In a shorter term, Dow is struggling to resume uptrend, what key levels to watch?
The recent bank sector woes triggered wild swings in the markets this week. The failure of three American banks and...
Like many emerging market currencies, US dollar remains the key driver for the price action of USD/CNH. As shown below, there is a strong positive correlation between the US dollar index (DXY) and USD/CNH.
US dollar has enjoyed significant gains since Fed started the tightening cycle in March 2022. The stubbornly high inflation has pushed Fed to raise interest...
British pounds dropped below the 1.1900 psychological level against Dollar after Fed Chair Powell’s hawkish comments in his testimony in front of Senate Banking Committee on Tuesday.
The greenback remains the key driver for the markets as investors are still digesting the expectation for higher terminal rates, and that will give dollar additional supports in the...
