Markets

WTI gains momentum above $63.50 as hopes for Russia-Ukraine peace deal fade

WTI price gains traction to near $63.40 in Monday’s Asian session.  Waning prospects for an immediate Russia-Ukraine peace deal boost…

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Hong Kong Stocks Surge to Highest in Near 4 Years

Hong Kong shares soared 495 points or nearly 2% to 25,836 on Monday morning deals, extending gains for the second…

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China Stocks Extend Record Rally

The Shanghai Composite surged 1.1% to above 3,860, while the Shenzhen Component climbed 1.8% to 12,384 on Monday, with the…

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Will Powell Remain Hawkish?

🏛️Jerome Powell’s speech in Jackson Hole today at 4:00 pm CET Markets expect Powell to sound hawkish, emphasizing the priority…

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Trade of The Day – NZD/USD

Facts: NZDUSD fell below the support level around 0.5900, which had held since April. On the D1 timeframe, the EMA30…

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Chart of The Day – USDJPY

The Japanese yen is among the weaker currencies today despite the release of slightly higher core inflation. The USDJPY rises 0.20%. In July, core…

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NZX 50 Drops Over 1% as SkyCity Drags

New Zealand’s benchmark S&P/NZX 50 index fell 1.15% to close at 13,043 on Friday, snapping a two-day rally, as heavy…

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US Dollar Index rises to near 99.00 on fading Fed rate cut odds, Powell’s speech awaited

US Dollar Index appreciates ahead of Fed Chair Powell’s speech at the Jackson Hole Symposium. Fed rate cut odds ease…

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Silver Price Forecast: XAG/USD slips toward $38.00 as Fed rate cut odds ease

Silver price weakens ahead of Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium. CME FedWatch Tool indicates that…

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Gold keeps the red as USD strength persists ahead of Powell’s address

Gold drifts lower for the second straight day as reduced Fed rate cut bets underpin the USD. The cautious market…

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