MtazzKhan

The Canadian Dollar (CAD) is moving cautiously at the start of the week against the US Dollar (USD), with the USD/CAD Forex pair hovering around 1.3835, down very slightly over the session. Market operators are holding their breath ahead of the release of the August Consumer Price Index (CPI) on Tue

EU mid-market update: Incoming ECB decision and US Aug CPI; Market steady as it waits; Oracle slightly higher in premarket. Notes/observations - UK gilt yields and eurozone bonds little changed ahead of ECB decision at 08:15 ET, with rates expected to stay on hold. Also awaiting US CPI data at 08:30

Gold edges up above $3,650, close to its record high after near $3,675 seen on Tuesday.Traders await the US PPI report, which is expected to show that progress toward the Fed’s 2% inflation goal is stalling.Technicals continue to show a strong bullish structure, with immediate support at $3,617 foll

The Euro extends losses against the pound, weighed down by France's political crisis..Bears are testing lows at 0.8660 with technical indicators showing an increasing bearish pressure.The pair remains trading within an expanding wedge, with its bottom at 0.8640. The Euro is heading lower against the

EUR/USD receives support as the US Dollar struggles amid rising odds of a Fed bumper 50-basis-point rate cut in September.The CME FedWatch tool shows markets pricing in 10% odds of a larger 50-basis-point move at the September meeting.The French government collapsed after Prime Minister François Bay

The Japanese Yen kicks off the new week on a weaker note in the wake of domestic political turmoil.Japanese PM Shigeru Ishiba’s resignation could temporarily hinder the BoJ’s policy normalization path.Rising Fed rate cut bets could weigh on the USD and keep a lid on any meaningful gains for USD/JPY.

A brief post-payrolls rally has been entirely reversed as traders fret about a weakening US economy, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG. ‘Sell the rally’ dominates after weak payrolls An initially positive reaction to today’s weak payrolls report has give

Silver is moving higher as expected, pushing even beyond 39, but since the market also broke to new highs, it’s clear that higher degree wave four is finished as a flat correction back at 36.20, so be aware of even further continuation higher into wave five while makret trades above 39. We need five

WTI price trades with mild gains near $65.30 in Wednesday’s early Asian session. The ongoing Russia-Ukraine conflict led to worries over supply-side disruptions among oil traders, supporting the WTI price. Heightened US tariffs on Indian goods raise concerns about weaker demand, which might cap the

The British pound led the decline among major currencies on Tuesday, as the jump in long-term government bond yields brought the issue of fiscal discipline back into focus. Investors are paying attention to growing public debt and the unsustainability of this path. Yields on 30-year UK government bo

EU mid-market update: Volatility returns as Sept begins; Bond yields rise and stocks fall, moving flows to safe haven assets; VIX highest since July. Notes/observations - Pressure mounts on UK govt to fix market’s concerns about fiscal stability and legitimacy of Chancellors plans. Participants are

Australian Dollar (AUD) is likely to test 0.6555; a clear break above this level is unlikely. In the longer run, AUD is slightly positive, and it is likely to edge higher to 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. AUD is likely to edge higher 24-HOUR VIEW: "The following