Spain Unemployment Change came in at 21.9K, above expectations (14.2K) in August
Spain Unemployment Change came in at 21.9K, above expectations (14.2K) in August Source link
Korean Won Rises on Inflation Outlook
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Gold (XAU/USD) Technical: Bullish acceleration supported rising implied volatility
This is a follow-up analysis and a timely update of our prior report, “Gold (XAU/USD) Technical: Push up towards medium-term range resistance zone as Fed’s independence erodes”, published on 26 August 2025. The price actions of Gold (XAU/USD) have staged the expected bullish move, rallied by 2.3% and hit the US$3,435 resistance as highlighted in
European indices rise on strong PMI data as bond yields climb
European indices rally on strong PMI data With United States (US) stock markets closed for the Labour Day long weekend, attention turned to Europe. Indices rallied following stronger-than-expected purchasing managers’ index (PMI) data. However, gains were tempered by a concerning rise in long-end bond yields across the region, driven by fiscal and political uncertainties. The
XAG/USD reaches 14-year highs above $40.50 amid safe-haven demand
Silver price marked $40.85, the highest since September 2011, on Tuesday. US July Personal Consumption Expenditures Price Index pointed to sustained inflationary pressures, adding to uncertainty around potential Fed rate cuts. Silver receives support from safe-haven demand, driven by lingering uncertainty over the legality of Trump’s dismissal of Fed Governor Cook. Silver price (XAG/USD) trades
Barclays braces for a macro storm
As developed countries continue to rack up deficits, the big question looming over markets is, who will buy the growing pile of sovereign debt? Hossein Zaimi, global head of macro at Barclays, doesn’t have the answer, but he is pretty sure the prevailing view in financial and government circles is wrong. “The sustainability of the
investingLive Asia-Pacific FX news wrap: Gold hits another record high, above US$3500
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Malaysia’s Manufacturing PMI Sees Minor Uptic…
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Chinese media reports say Foxconn is ramping up wages ahead of iPhone 17
Apple is expected to release the new iPhone 17 series on September 9th (US time). Foxconn in China is the main contract manufacturer. Foxconn is ramping wages higher to attract workers in order to hit shipment targets: media reports indicate that employees at Foxconn’s Zhengzhou plant are “working overtime every day.” factory launched a series
Ibovespa Slips from Record High
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ECB rate cuts are over says Dolenc, cites stable inflation, EU-US trade deal certainty
The European Central Bank has likely finished cutting interest rates, according to Primoz Dolenc, Slovenia’s acting central bank governor. He told Delo newspaper that the ECB’s July Governing Council meeting concluded the easing cycle was over and no new developments since then justify a change. Current policy is seen as sufficient to reach the inflation
Canadian Dollar snaps win streak on dueling market holiday Monday
The Canadian Dollar snapped it’s recent win streak against the US Dollar on Monday. Both Canadian and US markets are dark for the long weekend holiday. September opens up with an early flash of potential Loonie weakness. The Canadian Dollar (CAD) eased lower against the US Dollar (USD) on Monday, albeit on notably weak market
Nickel Prices Enjoy Some Respite
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After five days of gains, gold is on the verge of a breakout
gold daily These are heady times for the gold bulls. The previous metal is working on a five-day winning streak that’s likely to continue with a $32 gain today. More importantly, it’s now just a handful of dollars from the $3500 record high on April 22. There is plenty of scope for an aggressive breakout
Silver Rally Analysis: Key Drivers and Trading Strategies
Federal Reserve rate cuts fuel precious metals demand Speculation surrounding imminent Federal Reserve (Fed) rate cuts has provided a significant tailwind for silver, with dovish commentary from San Francisco Fed President Mary Daly reinforcing market expectations. The prospect of lower interest rates makes non-yielding assets like silver more attractive to investors seeking alternatives to cash
Australian dollar extends gains, hits three-week high
The Australian dollar is coming off a positive week and has extended its gains on Monday. In the North American session, AUD/USD is trading at 0.6556, up 0.27% on the day. Earlier, the Aussie rose as high as 0.6560, its highest level since August 11. With US markets closed for Labor Day, we’re unlikely to
EUR/USD holds above 1.1700 as US Dollar steadies, Eurozone PMI boosts
EUR/USD holds steady above 1.1700 as the US Dollar stabilizes after earlier weakness. Eurozone PMI readings indicate resilience, with manufacturing in expansion for a second consecutive month. Diverging policy paths keep the EUR/USD biased higher, as the ECB keeps policy steady while the Fed prepares to ease. The Euro (EUR) is struggling to extend its