Stocks

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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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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GBP wobbles as focus shifts to US data

The Pound Sterling trades in a tight range around 1.3500 against the US Dollar ahead of the second estimate of…

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US Dollar Index drops to near 98.00 amid caution ahead of US PCE inflation data

The US Dollar Index faces slight selling pressure ahead of the US PCE inflation data for July on Friday. Traders…

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