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…
Fed’s Waller is speaking and his comments are more hawkish Do not expect to support a change in the policy rate in the near term; outcome will depend heavily on the length of the Iran conflict Labor market is in balance and no longer the chief concern in determining the path of policy Should remove easing bias from the…
Gold trades lower for the second consecutive day on Friday, although price action remains broadly confined within recent ranges, with downside attempts still finding support around the $4,500 region per troy ounce. Market volatility stays relatively subdued heading into the weekend, as traders await fresh developments surrounding the US-Iran conflict before taking stronger directional positions.
📈 Technology Sector: A Notable Surge The technology sector has shown a remarkable upswing today. Semiconductors are leading the charge with AMD gaining a robust 4.25% and TXN climbing by 3.94%. INTC is also performing solidly, up by 2.73%. This surge indicates renewed investor confidence or market optimism towards tech stocks. However, NVDA is down 1.45%, suggesting mixed sentiment…
Gold trades lower for the second consecutive day on Friday, although price action remains broadly confined within recent ranges, with downside attempts still finding support around the $4,500 region per troy ounce. Market volatility stays relatively subdued heading into the weekend, as traders await fresh developments surrounding the US-Iran conflict before taking stronger directional positions.
