Gladys

Copper must make its way into the LME to prevent legitimate fears of a stock-out, TDS' Senior Commodity Strategist Daniel Ghali notes. Market expectations and real-time demand diverge "The market has been wrong-footed by Liberation day; expecting a sharp slowdown in demand, whereas our proprietary r

Since our last report, oil prices have moved lower. In today’s report, we are to have a look at some key issues that tend to tantalise oil traders, primarily related to the recent geopolitical developments in the Middle East the release of the US PCE rates tomorrow and the recent developments in Pak

China’s Premier Li Qiang made some encouraging comments on the economic outlook in his appearance on Thursday. Key quotes China’s economy shows strong resilience and development potential. China’s economic data shows stability in Q2. China will take forceful steps to boost consumption. China’s econo

The common currency soared to its strongest positions since October 2021 yesterday, as investors ditched the dollar following the news of a Middle East ceasefire. As we’ve been saying for the past couple of weeks, rising tensions in the region are doubly damaging for the euro given the impact on bot

The IEA presented its medium-term outlook this week. As in the previous year, it believes that oil demand will peak at the end of the decade, Commerzbank's commodity analyst Barbara Lambrecht notes. US demand is expected to fall less sharply than last year "Firstly, the advance of electromobility. I

GBP/JPY trades in negative territory for the third consecutive day around 194.45 in Thursday’s early European session.BoE is expected to keep interest rates on hold on Thursday amid tariff uncertainty and the Israel-Iran conflict.Reduced bets for the BoJ rate hikes this year might weigh on the JPY.

Cable drops to 1.3498 as Trump considers military support for Israel against Iran.Safe-haven flows lift US Dollar; DXY climbs to 98.43 despite soft US data.Fed and BoE policy decisions eyed; interest rate spread still favors the Greenback. The GBP/USD tumbled below the 1.3500 figure for the first ti

XAU/USD Gold surged to the highest in seven weeks ($3444) overnight following Israel’s attack on Iran that fueled safe haven demand and quickly lifted the price. Break of $3400 zone (former strong resistances that reverted to supports) further brightened near-term outlook with weekly close above the

Gold prices bounce off moving average support, reclaiming the $3,300 level.XAU/USD technical levels remain firm within a bull flag pattern.Momentum remains neutral with a narrow range hinting at the potential for a breakout. Gold prices are threatening key technical layers of support on Wednesday, w

S2N spotlight I said I would do something a bit different today. I decided to show you a behind-the-scenes video. You will hear in the video I am fighting a tight deadline with untested software. I have one request if you don’t mind. I would really appreciate it if you could forward one of my letter

USD/CAD drifts lower for the third straight day amid a combination of negative factors.Rising Crude Oil prices and reduced bets for a June BoC rate cut underpin the Loonie.Fed rate cut bets and US fiscal concerns weigh on the USD, and contribute to the slide. The USD/CAD pair extends the previous da

Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic hit newswires on Tuesday, warning that more businesses are geared to begin adjusting their prices and employment numbers as US tariffs begin to work their way through the US economy. With trade policies set to run roughshod over domestic

USD/CAD may find initial resistance at its six-week high of 1.4016.The 14-day RSI remains slightly above 50, indicating continued bullish bias.The immediate support appears at the nine-day EMA of 1.3936. The USD/CAD pair is losing ground after registering gains in the previous session, trading aroun