Gold rebounds toward the $4,400 mark per troy ounce on Friday, reversing the previous day’s pullback. The precious metal’s recovery comes as fresh and intense weakness keep weighing on the US Dollar, while traders keep assessing easing expectations of an imminent Fed interest rate hike and the situation from the Middle East.
Prior month +1.3% Manufacturing Sales +0.1% versus -0.1% estimate Details: Manufacturing sales: +0.1% m/m to $78.8 billion, the fifth consecutive monthly increase. Year over year: Sales were +14.5%. Excluding petroleum & coal: Sales increased a much stronger 2.6% m/m. Constant-dollar sales: +1.2%, suggesting underlying volumes were firmer than the headline nominal increase. Subsector highlights Chemicals: +6.0% to $6.3 billion,…
Gold rebounds toward the $4,400 mark per troy ounce on Friday, reversing the previous day’s pullback. The precious metal’s recovery comes as fresh and intense weakness keep weighing on the US Dollar, while traders keep assessing easing expectations of an imminent Fed interest rate hike and the situation from the Middle East.
USDCAD runs lower adding to the sellers control. The key 200 day MA is eyed. !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
Gold rebounds toward the $4,400 mark per troy ounce on Friday, reversing the previous day’s pullback. The precious metal’s recovery comes as fresh and intense weakness keep weighing on the US Dollar, while traders keep assessing easing expectations of an imminent Fed interest rate hike and the situation from the Middle East.
USDCHF sellers push away from swing area resistance and retest the 200 hour MA !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
Gold rebounds toward the $4,400 mark per troy ounce on Friday, reversing the previous day’s pullback. The precious metal’s recovery comes as fresh and intense weakness keep weighing on the US Dollar, while traders keep assessing easing expectations of an imminent Fed interest rate hike and the situation from the Middle East.
US August prelim UMich consumer sentiment 51.0 vs 54.5 expected !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
Commerzbank notes that the Kospi has rebounded 29.5% from its 30 July low, supported by strong tech earnings and improved sentiment toward semiconductor and memory chipmakers. They note USD/KRW has retreated nearly 8.9% from its July high as exporters’ repatriation and foreign portfolio inflows bolster the Korean Won. Despite a modest 0.3% rise to 1,421 on a stronger Dollar,…
Prior month 0.3% revised higher to 0.4% Business inventories for June 0.0% vs 0.1% estimate Retail inventories ex autos -0.4% vs -0.2% last month. Sales show a sharp fall in June but still up strong for the year. June business sales: $2.111 trillion Month-over-month: -1.1% vs. May 2026 Year-over-year: +10.0% vs. June 2025 Sales figures are seasonally and trading-day…
