Markets

Trade of The Day – Copper

Facts:Copper broke above the upper limit of the  triangle formationThe pair  broke above the horizontal resistance area at 9850 Recommendation: Trade:…

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Chart of The Day – EURUSD

EURUSD began today’s session with a degree of weakness, following the release of poor German retail sales data and lower…

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US Dollar Index surges near 98.00 ahead of PCE Price Index data

US Dollar Index advances US economy expanded in the second quarter. Headline PCE is forecast to rise 2.6% YoY, while…

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Silver Price Forecast: XAG/USD tumbles below $39.00 ahead of US PCE inflation data

Silver price attracts some sellers to around $38.80 in Friday’s early European session, down 0.52% on the day.  US GDP…

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Gold drops on profit-taking, traders await US PCE release

Gold price declines in Friday’s early European session.  Profit-taking and a firmer US Dollar undermine the Gold price, but rising…

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US core PCE inflation set to rise 2.9% YoY in July amid rising bets of Fed rate cut in September

The core Personal Consumption Expenditures Price Index is forecast to rise 0.3% MoM and 2.9% YoY in July. Headline annual…

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Japanese Shares Slip as Traders Digest Data

The Nikkei 225 Index fell 0.3% to around 42,700, while the broader Topix Index lost 0.3% to 3,080 on Friday,…

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ASX 200 Retreats After Two-Day Rally

The S&P/ASX 200 fell 0.2% to around 8,959 on Friday, pulling back gains from the previous two-session rally, and on…

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South Korean Shares Fall on Financial and Energy Losses

The benchmark KOSPI slipped 0.15% to around 3,191 on Friday, ending a two-day winning streak as weakness in financials and…

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China Stocks Head for Strong Monthly Gain

The Shanghai Composite rose 0.4% to around 3,860, while the Shenzhen Component gained 0.5% to 12,630 on Friday, extending the…

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