As we look towards the holiday period, gold and silver traders are not taking their foot off the pedal though. The precious metals continue to race higher in the new week with gold now racing to fresh record highs above $4,400. Relentless. It has been mentioned countless times already that gold has a lot going […]
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after three days of gains and trading around 98.60 during the Asian hours on Monday. Traders await Tuesday’s release of the US third-quarter Gross Domestic Product Annualized for the third quarter, which will offer
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Wall Street ends higher on Micron-led tech rally United States (US) equity markets closed higher on Friday, led by a rebound in technology stocks after strong earnings from Micron Technology helped ease concerns around lofty valuations and high debt levels within the artificial intelligence (AI) complex. For the week, the Nasdaq 100 gained 0.59% and the S&P
Summary: Japan’s intervention warning gave the yen a modest lift USD/JPY slipped toward 157.25 from highs near 157.75 Officials flagged concern over “one-sided and sharp” moves Verbal intervention slowing momentum, not reversing trend AUD/JPY still supported by yield differentials — A renewed warning from Japanese officials about the risk of currency intervention has given the
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The USD/JPY pair loses ground to near 157.50 during the early Asian session on Monday. The prospect of further US Federal Reserve (Fed) interest rate cuts in 2026 weighs on the US Dollar (USD) against the Japanese Yen. Financial markets are likely to trade in a subdued mood as investors position themselves ahead of the long
Summary Israel warned the Trump administration about Iranian missile exercises Intelligence is inconclusive but Israel’s risk tolerance is lower post-Oct 7 U.S. intelligence sees no imminent Iranian attack Senior Israeli and U.S. military officials coordinated defensive planning Risk of escalation seen as driven by miscalculation rather than intent Israel has raised concerns with the Trump
S&P 500 held Thursday‘s regular session lows, and just rose after Friday‘s opening bell. Those intraday retreats were good enough just for quick intraday gains, particularly as it became apparent that Nasdaq leadership is starting to wane (intraday, I mean) – that‘s a sign of broadening breadth as S&P 500 still kept making higher highs
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The past week delivered no shortage of surprises, yet markets ended it with remarkably little conviction. Key macro data and central bank decisions challenged prevailing assumptions, but follow-through across major assets proved elusive. US economic releases hinted at a faster cooling in both employment and inflation. Under normal circumstances, that combination would have fueled enthusiasm
USD/JPY was up 220 pips on Friday and that’s not what anyone in Japan wanted to see. As bad as that looks, the reality is worse. The persistent strength of the US dollar against the yen since mid-year is increasingly problematic and Friday we might have hit a boiling point. That’s because top Japanese officials
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Even though the holiday season is approaching, the coming week will still be very busy for market participants. There are several major events to watch, ranging from the first report on how the US economy performed in the third quarter to new updates regarding the ongoing political conflict between the United States and Venezuela. Asia
