Gold (XAU/USD) extends its descending trend for the second straight day and drops to a three-day low, around the $4,415 area, heading into the European session on Thursday. In the absence of any relevant fundamental catalyst, the downtick could be attributed to some profit-taking ahead of the release of the US Nonfarm Payrolls (NFP) report […]
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Summary: Barclays urges selectivity in Chinese tech for 2026 Broad stimulus-driven gains seen in 2025 unlikely to repeat EV sector faces rising headwinds as tax incentives fade Preference for resilient revenue and AI-linked names Tencent, Trip.com and Alibaba cited as selective plays Barclays is urging investors to adopt a more selective approach to Chinese technology
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Australia posted a merchandise trade surplus of A$2.936 billion in November, the Australian Bureau of Statistics said on Thursday. That was well shy of expectations for a surplus of A$5.140 billion following the downwardly revised A$4.353 billion surplus in October (originally A$4.385 billion). Exports were down 2.9 percent on month at A$44.572 billion after rising
US Secretary of State Marco Rubio said that he will meet with officials from Denmark and Greenland next week, Reuters reported on Thursday. This comes after the US President Donald Trump doubled down on his intention to take over Greenland, a self-governing territory of Denmark. Still, “as a diplomat, which is what I am now,
Summary: Rubio to meet Danish officials next week over Greenland tensions Trump’s renewed interest in acquiring Greenland alarms allies U.S. military option not ruled out, raising NATO concerns European leaders reaffirm Greenland’s sovereignty Greenland’s strategic value intensifies geopolitical fault lines U.S. Secretary of State Marco Rubio has confirmed he will meet with Danish officials next
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In our December update, we combined the Elliott Wave (EW) Principle with the Armstrong Pi-cycle turn dates and concluded for the NASDAQ 100 (NDX) that “…if the November 21 low at 23854 holds, based on current data, the Bull market will likely continue, ideally well into April next year, before a 2022-like Bear market begins.
Gold was down as much as 1.2% before recovering to trade above the $4450/oz. The precious metal is still finding significant buying support on dips but does remain vulnerable if it does not breach the $4500/oz level. Geopolitics and US Data Geopolitical risk rears its head again as news came through earlier today that the
US President Donald Trump has been talking about improving housing affordability for awhile and he might finally be taking steps in that direction. He wrote on Truth Social: For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing
USD/CAD trades around 1.3820 on Wednesday at the time of writing, up 0.10% on the day, supported by a modest rebound in the US Dollar (USD) amid mixed US economic data and persistent weakness in the Canadian Dollar (CAD). In the United States (US), activity in the services sector shows signs of improvement. The Institute
Ever since correcting from its 100.00 peak in mid-November, the US Dollar has been locked in a volatile, multi-directional chop. After a rough ride throughout 2025—particularly the first half—the Greenback has struggled to find conviction in either direction. A 10% correction in the world’s primary reserve currency was never likely to be a straight line
Global markets are trading in mixed fashion, with risk appetite showing early signs of fatigue after a strong start to the year. US equity futures are sluggish, pointing to a flat open after both the DOW and S&P 500 closed at record highs yesterday. December ADP private payrolls from the US came in slightly weaker
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Rising estimates point to genuine strength The fourth quarter (Q4) earnings picture presents one of the more compelling bullish cases for US equities heading into 2026. In general, Q4 earnings per share (EPS) estimates track lower from 30 September through year end as analysts adjust for reality. But this year Q4 EPS estimates keep rising,
It would be unprecedented if it were to happen, but the same can be said for a lot of things during Trump’s presidency. As a reminder, Greenland is a semi-autonomous territory of Denmark and part of the NATO alliance. So if the US tries to pull off something, expect there to be a lot of
