Gladys

The US Dollar Index loses ground near 97.30 in Thursday’s Asian session, down 0.17% on the day. Fed officials split between concerns over tariff-fueled inflation and signs of labor market weakness and economic strength, noted the Fed Minutes. The US weekly Initial Jobless Claims data will be the hig

Pound gains after UK becomes first to seal trade framework with US.Euro pressured as EU faces higher proposed tariffs than UK in talks.Traders cautious on UK outlook after welfare bill U-turn fuels fiscal concerns. The EUR/GBP tumbles during the North American session, down by a 0.18% as risk appeti

EUR/JPY trades with a positive bias for the second straight day amid a weaker JPY.A US-Vietnam trade deal boosts investors’ confidence and undermines the JPY.BoJ rate hike bets should limit deeper JPY losses and cap the upside for the cross. The EUR/JPY cross edges higher for the second consecutive

Gold price plunges on optimism of a US-China trade deal.Safe-haven flows continue to decline ahead of the release of core PCE data and the Michigan Consumer Sentiment Index.XAU/USD falls below $3,300, with the RSI hinting at a deeper correction. Gold (XAU/USD) is suffering another setback after repo

There's no stopping the price of Platinum: Yesterday, it climbed above the $1,400 per troy ounce mark for the first time since September 2014, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen and commodity analyst Barbara Lambrecht note. Platinum surges past $1,400, first time since 20

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