FX

Share: S&P 500 pulled back 1.3% last week, trading as low as 4,430. Wednesday sees the release of the US CPI for August. Oracle reports earnings on Monday after the close. US Retail Sales for August arrive on Thursday and are expected to add 0.2% MoM. Adobe and Lennar report earnings on Thursday. The S&P

Share: USD/CAD is trading near the 1.3600 mark, above the key 100-hour EMA. Relative Strength Index (RSI) stands in the bearish territory below 50. 1.3650 will be the immediate resistance level; 1.3575 acts as an initial support level. The USD/CAD pair loses traction and hovers around the 1.3600 mark during the early European session on

Share: XAU/USD closed the week with a 1% weekly decline above the convergence of the 20 and 200-day SMAs. US yields are set to close a 2% weekly increase. Attention shifts to next week’s US CPI and Retail Sales from the US. At the end of the week, the XAU/USD traded with mild losses, around

Share: S&P 500 closed up 0.14% at 4,457.49 on Friday but lost 1.13% for the week, reflecting investor caution amid global economic uncertainties. US economic data shows resilience with solid service sector activity and tight labor market, contrasting with gloomy outlooks in China and Europe. US Treasury bond yields advance to 4.268% on 10-year note,

Share: The USD/CLP is breaching into significant highs as the Chilean Peso crumbles. CLP down significantly as the Chilean central bank starts to axe interest rates in the face of evaporating inflation. Market economists expect the Banco Central de Chile expected to begin making 100-point rate cuts in the coming months. The Chilean Peso (CLP)

Share: As Wall Street opens positive, NZD/USD rises 0.57% to 0.5907, partially offsetting fears of a global economic slowdown. US Dollar softens after hitting a six-month high, providing a tailwind for NZD/USD amid a lack of fresh US economic data. Traders await key economic indicators next week, including US inflation data and New Zealand Retail

Share: NASDAQ exchange sent Mullen notice of delisting. The delisting of MULN could happen as soon as September 15.  Mullen is attempting to appeal the delisting decision and gain six months to comply. Failing to maintain the MULN share price above $1 is the reason for the delisting. Mullen Automotive (MULN) stock has gained 2.2%

Share: The Unemployment Rate in Canada is set to rise a tad to 5.6%, while employment is also expected to grow. Strong jobs data and hot wage inflation are critical to rescuing the Canadian Dollar. Weak jobs data will ramp up dovish Bank of Canada expectations after Wednesday’s pause.   Statistics Canada is set to publish

Share: USD/MXN drops 0.30% to 17.5300 as Mexico’s inflation falls to 4.64%, meeting market expectations and signaling a cooling economy. US jobless claims below forecasts at 216K, but the Mexican Peso gains ground, challenging the Fed’s neutral stance on rate hikes. USD/MXN faces strong resistance at 18.0000, with potential triggers for volatility, including Fed surprises

Share: EUR/USD fades bounce off three-month low, renews intraday bottom of late. Divergence between Eurozone and US data joins stark difference of ECB vs. Fed talks to weigh on Euro pair. German Industrial Production, Final readings of EU Q2 GDP and mid-tier US employment data will decorate calendar. Fed talks will be in the spotlight

Share: USD/CHF rose to monthly highs since July, towards 0.8920. ISM Services PMI from the US rose sharply in August. Hawkish bets on the Fed and rising US yields make the USD gain appeal. The USD/CHF’s bulls continue to gain momentum and rose towards the 0.8930 area, it highest level since early July. The USD

Share: GBP/JPY loses momentum, snaps two-day winning streak on Wednesday. UK S&P Global/CIPS Composite PMI fell to 48.6 in August vs. 50.8 prior. Japanese policymakers will closely monitor FX movements with a sense of urgency. The attention will shift to Japan’s Gross Domestic Product (GDP) due on Friday. The GBP/JPY cross struggles to gain and

Share: The NZD/USD lost nearly 1%, falling below the key level of 0.5900. The USD benefits from a cautious market sentiment. Factory orders decreased in the US in July at a higher pace than expected. The RBA held rates steady, just as expected. The NZD/USD faced selling pressure mainly driven by a stronger USD in

Share: Gold Price stays pressured for the fourth consecutive day despite lacking downside momentum. Upbeat headlines from China, Country Garden fails to impress XAU/USD buyers as US Dollar traces firmer yields. US Factory Orders, ISM Services PMI and risk catalysts eyed for clear Gold Price directions. XAU/USD bears have a tough time keeping control unless

Share: GBP/JPY jumped to 185.00, seeing nearly 0.50% daily gains, recovering the 20-day SMA. BoE tightening expectations remain steady, and BoJ will likely maintain its dovish outlook. Monetary policy divergences drive the pair upwards. At the start of the week, the GBP/JPY cross jumped towards 185.00 and recovered the 20-day Simple Moving Average (SMA) of 184.60.

Share: Gold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains. Gold price attracts fresh buying on the first

Share: XAG/USD peaked at a daily high of $24.80 then settled near the $24.15 area. US NFPs and PMI figures from August beat expectations. Still, wages decelerated, and Unemployment rose. The USD strength drove the grey metal downwards. At the end of the week, the XAG/USD closed with losses but managed to hold some weekly gains,

Share: Saudi Arabia expected to extend its 1 million bpd output cut into October. Russia agrees with OPEC to cut exports next month. Positive business activity reports from China improve the oil demand outlook. US unemployment rate rises, wage growth slows, potentially pausing interest rate hikes. Western Texas Intermediate (WTI), the US crude oil benchmark,