Markets

WTI holds steady near $63.50 as optimism over Russia-Ukraine peace fades

WTI steadies as fading prospects for an immediate Russia-Ukraine peace deal support the risk premium. Traders turn cautious amid Russian…

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Gold holds above $3,330 but upside capped as US Dollar and yields stay firm

Gold holds above $3,330 after failing to sustain gains above $3,350. A steady US Dollar and firmer Treasury yields cap…

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Trade of The Day – US100

Facts The US100 saw a downward correction that pushed the contract 4% below its highs. The RSI indicator on a…

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Chart of The Day – EURUSD

EURUSD gained as much as 0.3% after the release of PMI data, rebounding from key support around 1.163. The pair therefore…

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China Stocks Hold at 10-Year High

The Shanghai Composite and Shenzhen Component were little changed on Thursday, with the former holding at decade highs as investors…

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Gold stalls Wednesday’s recovery from 100-day SMA support amid a firmer USD

Gold drifts lower on Thursday as hawkish FOMC Minutes underpin the US Dollar. Hopes for a Russia-Ukraine peace deal also…

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Silver Price Forecast: XAG/USD gains ground above $37.50 on Fed rate cut hopes

Silver price edges higher to $37.85 in Thursday’s Asian session. Fed’s rate cut bets and industrial demand support the Silver…

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Trade of The Day – EUR/USD

Facts:EURUSD is trading in an upward move from the 1st of AugustThe pair bounced off the key support at 1.1622…

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Chart of The Day – NDZ/USD

As expected, the Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 25 basis points to 3%.…

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WTI drifts lower to near $62.00 on talks to end Russian invasion of Ukraine

WTI price tumbles to around $62.05 in Wednesday’s early Asian session. The White House said Russia-Ukraine meeting plans are ‘underway’…

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