Silver price (XAG/USD) inches higher after opening at a bearish gap, remaining in negative territory and trading around $66.10 per troy ounce during Asian hours on Monday. Silver prices remain under pressure as stronger-than-expected United States (US) employment data fuels expectations of an imminent Federal Reserve interest rate hike. According to the US Bureau of Labor Statistics, August Nonfarm…
Gold sold: Strong jobs data keeps September Fed hike alive. Mint sales slump. !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
The EUR/USD pair posts modest gains near 1.1615 during the early Asian session on Monday. However, the potential upside for the major pair might be limited amid a stronger-than-expected U.S. August Nonfarm Payrolls (NFP) report. US markets are closed on Monday for Labour Day. US Nonfarm Payrolls (NFP) increased by 162,000 in August, compared to an upwardly revised rise…
Hormuz traffic sinks to lowest since May, despite US Navy’s escort claims !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
Iranian government said that it targeted three oil tankers using an unauthorized route through the Strait of Hormuz, as well as a number of US-linked ships, in retaliation for US attacks on Iranian tankers over the weekend, Bloomberg reported on Sunday. Iran’s top security official Mohsen Rezaee stated that the country would establish a new restricted zone near the…
China injects $54 billion into state banks and insurers to shore up capital !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
Most Nasdaq traders assume that once price breaks the pre-market high or low, it has to keep going. Often, the best trade is the reversal. In Part 2 of our pre-market trading series, Kathy Lee breaks down the Sweep and Reclaim, the highest probability of the three pre-market setups we trade. Instead of chasing the breakout, we wait for…
How have interest rate expectations changed after this week’s events? !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
Review NOTE: U.S. financial markets will be closed on Monday, September 7, in observance of the Labor Day holiday. Reportedly, U.S. Treasury Secretary Bessent supported the yen to prevent Japanese investors exiting the Treasury market. Meanwhile, the central bank of the Netherlands could be seen exiting the New York Federal Reserve with as much gold as it could carry. The…
investingLive European news wrap: Markets consolidate ahead of NFP !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
