Connor

While US intermediation to end Russia’s war with Ukraine have kept hitting a dead end, there is a noticeable downturn taking hold in the Russian economy for the first time since sanctions were imposed, Commerzbank's FX analyst Tatha Ghose notes. USD/RUB and EUR/RUB to steadily trend up "The manufact

Gold dipped to approximately $3,376 per ounce on Wednesday at 13:04 et but largely retained its recent gains, staying near a two-week high. Ongoing expectations of a more dovish monetary policy continue to boost the appeal of the non-interest-bearing metal. In July, US data showed a decline in the I

U.S. buyers of Swiss products, from luxury watches and skincare to artisan chocolates, could soon face sharp price rises if negotiators are unable to strike a deal to avert 39% tariffs due to come into effect on Thursday. The announcement last week that Switzerland faces one of the highest U.S. tari

In an interview with CNBC on Tuesday, United States (US) President Donald Trump said that they are getting very close to reaching a trade deal with China and reiterated that the tariff rate on Indian imports will be raised soon. Key takeaways "Will be announcing tariffs on semiconductors and chips i

One could be forgiven for thinking that President Trump has now turned his attention to disassembling the BRICS political grouping. India, Russia and Brazil are squarely in focus currently. And benign market conditions in August clearly rely on no deterioration in the current US-China detente. Away

In the latest TradeGateHub Live Trading session, Coach highlighted notable non-confirmations in USD/JPY and SPX, suggesting potential divergence in market momentum. He believes a pullback in the DXY could unfold, possibly revisiting the breakout level near 98.20. Meanwhile, the XAU/XAG ratio is in a

Overview: Ahead of an important North American session, the US dollar has a slightly softer tone in narrow ranges against the G10 currencies. The Canadian and Australian dollars are laggards, with small losses. The yen and sterling are the strongest with around 0.2-0.3% gains. The North American ses

Gold is on a corrective recovery against the US Dollar with resistances at $3,345 and $3,360.Market expectations of a strong GDP and a hawkish Fed keep the Greenback buoyed near highsXAU/USD is forming a Bearish Flag pattern, with its measured target at $3,245. Gold (XAU/USD) is moving higher on Wed

It’s safe to say that the details of the US-EU trade deal have not gone down particularly well among European officials. French PM François Bayrou described the EU as having “resigned itself into submission”, while German Chancellor Friedrich Merz warned that the tariffs would cause “considerable da

Gold continues to trend lower and extends drop from last week’s top ($3438) into fourth straight day on Monday. The metal’s price fell to the lowest in three weeks after US-EU trade agreement further lifted dollar, pushing gold through key supports at $3340 (daily cloud top) and $3330 (triangle supp

After Friday’s comprehensive analysis, today’s issue is going to be quite brief. The reason is that there is only one major development happening right now, and what’s happening in gold is rather erratic. Gold futures spike amid market discrepancy Starting with the latter, the gold futures market is

Where do we get our gold? Last year, mines globally produced an estimated 3,661 tonnes of gold. It was a new record, but only 3 tonnes higher than the previous record set in 2018. Between 1970 and 2019, gold production generally increased year after year. There was a drop in production in 2008, but

Mild upward pressure suggests AUD could edge higher, but it is unlikely to reach 0.6575. In the longer run, there has been a light increase in upward momentum; AUD could edge higher toward 0.6575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. To maintain the momentum, AUD must hold abo