Looking for an opportunity to jump on gold’s uptrend? XAU/USD is fast approaching a key support area. Check out what we’re seeing on the 4-hour time frame! XAU/USD 4-hour Chart by TradingView Gold has lost some of its shine in recent days as the Israel-Iran conflict pushed traders back into the U.S. dollar for safety. Hawkish Fed commentary, especially…
Another 25 bps rate cut today is all but expected and that will bring the key policy rate back to 0% for the SNB. The bottom line is that the Swiss economy is facing up against deflationary risks again and the SNB has to do what they can to prevent that. And amid a stronger franc currency, they don’t…
Australia’s Unemployment Rate steadied at 4.1% in May from 4.1% in April, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus. Furthermore, the Australian Employment Change arrived at -2.5K in May from 87.6K in April (revised from 89K), compared with the consensus forecast of 25K. The participation rate in…
Markets traded cautiously on Wednesday as investors juggled hawkish Fed signals with growing Middle East tensions. Equities ended flat, gold sold off, oil dipped, and the U.S. dollar rebounded late in the session after Fed Chair Powell warned of persistent inflation pressures. Here are headlines you may have missed in the last trading sessions! Headlines: Australia Westpac leading index…
The Wall Street Journal (gated) report on AESC is pausing construction of its $1.6 billion South Carolina EV battery plant due to economic uncertainty. In brief: Chinese-owned company is halting construction in part because of the Trump administration’s tariffs and a potential loss of federal subsidies for clean energy company pausing construction work because of “economic uncertainty arising from…
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People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range,…
Brazil Interest Rate Decision above expectations (14.75%): Actual (15%)
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United States (US) President Donald Trump said that he would hold a meeting to discuss the Iran-Israel conflict and reaffirmed that Iran should have made a deal. He added that if Iran wants to come to the White House, he may be open to it. On that headline, WTI prices tumbled from $73.94 to $72.14, and Gold prices followed…
