If last week proved anything, it’s that headline risk and macro data are no longer separate stories. The dollar finished nearly flat after a week of whipsaws, gold gave back its gains as the war premium drained, oil collapsed on Iran deal optimism, and equities clocked an eighth straight weekly gain — the longest streak since 2023. The defining…
A simple investingLiveQ&A for traders and investors The Federal Reserve is not only important because it changes interest rates. It is also important because it tells markets how it is thinking. That is why the coming summer matters. The key story may not be an immediate rate cut or rate hike. It may be a change in how the…
Gold price edges lower during the day as the Greenback recovers some ground amid doubts that the US and Iran could reach a deal to end the conflict, and traders are pricing in a Federal Reserve (Fed) rate hike by the end of the year. At the time of writing, XAU/USD trades at $4,518, down 0.50%. XAU/USD falls as…
If you trade the Nasdaq 100 through QQQ, futures, or CFDs, here’s a closer look at what drove this week’s move and what could matter most next week. This week should have been bad for tech stocks. It wasn’t. Treasury yields hit multi-year highs this week. The Fed confirmed it’s open to hiking. Oil is still above $100.
The GBPUSD remains trapped in a very narrow trading range today, with the high reaching 1.3438 and the low extending to 1.3414 — a range of just 24 pips. That relatively subdued price action reflects a market that is waiting for the next catalyst to provide direction and momentum. Much of the trading today has taken place between the…
Silver (XAG/USD) remains range-bound on Friday as traders avoid aggressive positioning amid uncertainty surrounding US-Iran negotiations. At the time of writing, the white metal trades near $76.00 and is likely to close the week on a flat note. In the latest developments, Iran’s Foreign Ministry spokesperson said, “We cannot necessarily say that we have reached a point where an…
The US stocks are pushing higher to start the final day of the week. Hopes for progress toward peace dominate early action but the news is fluid. Sec of State Rubio now says: On an Iran deal we are not there yet Says that there has been some progress, but would not exaggerate it. Looking at the US major…
OCBC notes USDSGD is trading choppily in a subdued range, closely tracking moves in the USD, Oil and UST yields. The bank sees mild bullish momentum starting to fade and maintains a bias to sell rallies, with key support around 1.2720/60 and 1.2650/70 and resistance near 1.2840/50. The S$NEER remains comfortably above its model-implied mid. Singapore Dollar supported on…
Details: Conditions 45.8 vs 48.0 prelim Prior 47.8 Expectations 44.1 vs 48.5 prelim Prior 48.5 1-year inflation 4.8% vs 4.6% prelim (Prior was 4.5%) 5-year inflation 3.9% vs 3.4% prelim (Prior was 3.4%) UMich notes: “Consumer sentiment fell for the third straight month as supply disruptions in the Strait of Hormuz continue to boost gasoline prices. Sentiment is now…
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect USD/CNH to trade quietly between 6.7920 and 6.8060 intraday after recent moves failed to generate fresh momentum. On a 1–3 week horizon, the bank holds a neutral view, seeing current price action as part of a range between 6.7820 and 6.8220. Over 1–3 months, the rebound still…
