The Dow Jones rallied to recover recently-lost ground on Thursday. Equities are broadly higher as investors focus on good-bad news. Rate markets second-guess their stance on...
The US economy grew by 2.8% in the second quarter of 2024, which was stronger than expected. We see this as confirmation of our assessment that...
USD/CAD prints a fresh eight-month high near 1.3850 as the US Dollar bounces back after upbeat US Q2 GDP growth. Subsiding inflationary pressures keep prospects of...
NZD/USD tumbles to near 0.5900 due to multiple headwinds. China’s battered economy and improved RBNZ rate-cut bets have dampened the New Zealand Dollar’s appeal. The next...
EUR/USD bounces back as the US Dollar remains sluggish in the countdown to the US Q2 flash GDP. The Euro’s appeal remains uncertain due to the...
Gold price continues losing ground for the second straight day and drops to a two-week low. The downfall could be attributed to some technical selling, though...
The Dow Jones shed 400 points in the midweek market session. Investors balked after US PMIs came in firmly mixed. US Manufacturing set to slow further,...
EUR/USD falls to near 1.0830 as weak preliminary Eurozone PMI weighs on the Euro. The ECB is expected to cut interest rates two times more by...
The Pound Sterling recovers after upbeat preliminary UK S&P Global/CIPS PMI for July. UK’s Composite PMI beats estimates and the former release. The Fed is expected to pivot...
Gold price gains traction for the second straight day and refreshes weekly top on Wednesday. A softer risk tone and dovish Fed expectations continue to act...
EUR/USD grinds down back to 1.0850 as investors huddle ahead of key data prints. EU and US PMI figures are due on Wednesday. US GDP update...
The Dow Jones failed to make meaningful headway on Tuesday. A trio of US data prints loom overhead throughout the week’s back half. With hopes of...
USD/JPY weakens to 156.00 as BoJ rate-hike bets surge. The BoJ is expected to raise interest rates further by 10 bps as inflation remains above 2%. Investors...
Gold price trades with caution in the countdown to a string of US economic data. Firm Fed rate cut hopes to keep the upside in the...
USD/CAD trades with a positive bias for the fifth straight day, closer to a multi-week top. The uptick is led by the recent slump in Oil...
A combination of factors dragged the Gold price to over a one-week low on Monday. Bets that the Fed will cut rates in September lend some...
Dow Jones climbed around one hundred points amid tepid Monday markets. Broad-market hopes for a Fed rate cut have run into the ceiling. Key US activity...
EUR/USD hovers around 1.0870, remains on defensive due to multiple headwinds. A few ECB policymakers remain comfortable with expectations of two more rate cuts. The US...
Gold price edges higher on uncertainty over US presidential elections. US President Biden withdraws the re-election bid and nominates Kamala Harris to lead the Democrats. The US...
USD/CAD gains to near 1.3750 with BoC policy in focus. The Canadian Dollar weakens due to multiple headwinds. The US Dollar edges lower ahead of a...