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The Labour government has suffered a major setback with the release of the desperately disappointing April GDP figures, which revealed the largest monthly contraction since October 2023. British businesses are facing a barrage of risks, as they begin to feel the pinch from higher tax rates and salar

Markets The US and China agreed to restore the Geneva trade truce after a two‐day trade talk marathon in London. Both sides accused each other of violating the terms in recent days but have now found common ground. The news broke overnight and after US trading hours. Asian stock markets welcome the

China’s Consumer Price Index (CPI) dropped at an annual pace of 0.1% in May after declining 0.1% in April, the National Bureau of Statistics of China reported on Monday. The market consensus was for a 0.2% decrease in the reported period. Chinese CPI inflation came in at -0.2% MoM in May versus Apri

For the first time in five months, gold-backed ETFs globally reported modest outflows in May as investors took profits. After charting the largest inflows of gold since August 2022 in April, gold-backed ETFs globally reported modest outflows of 19 tonnes totaling $1.8 billion last month. A combinati

Hello fellow traders, In this technical article, we are going to present Elliott Wave charts of Soybeans commodity ZS_F . Recently ,the commodity completed its intraday Zig Zag correction at the Equal Legs zone. In the following sections, we will explain the Elliott Wave count. Before we

XAG/USD Silver price surged on Thursday, rallying nearly 4% by the mid-European trading, to hit the highest since February 2012. Fresh demand also lifted the silver price to new record high in India, that contributes to strengthening bullish outlook, as silver enjoys strong support from ongoing geop

WTI price declines to around $62.00 in Thursday’s early Asian session. Fears of a global oil oversupply undermine the WTI price. Oil inventories fell by 4.304 million barrels in the week ended May 30, according to the EIA. Heightened geopolitical risks and expectations that Iran will reject a US nuc

USD/CAD weakens to around 1.3675 in Thursday’s early Asian session. US ISM Services PMI unexpectedly contracted last month for the first time in nearly a year. The Bank of Canada held its key rate steady but said a future cut is possible. The USD/CAD pair remains under selling pressure around 1.3675

S&P rallied again and is just 30 points away from kissing 6000. Gold down, dollar down, oil up, bonds down. Elon has a few things to say about the Big Beautiful Bill. And Trump says that XiXi is tough to deal with. EU and US have constructive conversations. Try the Flank Steak. And yes - stocks

USD/CAD shows weak momentum as BoC rate decision nears. Downside risks persist, but key support trendline remains close. USD/CAD remained subdued near its seven-month low of 1.3673, despite the US’s 50% tariffs on steel and aluminum taking effect. Traders appeared to be in a holding pattern ahead of

The Reserve Bank of Australia (RBA) published the Minutes of its May monetary policy meeting on Tuesday, highlighting that the board decided the case for a 25 basis points (bps) cut was a stronger one and preferred policy to be cautious and predictable. Additional takeaways The board considered keep

Federal Reserve Bank of Dallas President Lorie Logan gave opening remarks and participated in a moderated conversation before the Greater Waco Member Appreciation event. Key quotes Risks to employment and inflation goals ‘roughly balanced.’ For now, monetary policy is in a good place. Could take ‘qu