Rosemary

Gold just caught a much-needed reality check. A week ago, Chinese bullion desks were in full beast mode—blasting through 1.2 million ounces across SGE and SHFE, sending spot to a parabolic $3,500 all-time high on record volume. Fast forward past the Labour Day liquidity trap, and nearly a million ou

USD/CAD edges higher amid a combination of supporting factors, though it lacks bullish conviction.A slump in Oil prices undermines the Loonie and lends support to the pair amid a modest USD uptick. Traders seem reluctant and opt to wait for key US macro releases before placing directional bets. The

Notes/observations - European stock markets start the day higher, though the FTSE later slipped slightly. Most Asian markets gained, but the Nikkei was closed for a holiday. - Market mood improved slightly due to US indications of easing auto tariffs, possibly starting Tuesday, to reduce tariffs on

Pound Sterling (GBP) is down a modest 0.3% and showing relative gains against nearly all the G10 currencies, once again trading in tandem with its peers on trade-related headlines while still lagging in terms of magnitude, Scotiabank's Chief FX Strategist Shaun Osborne notes. GBP finds modest suppor

Euro (EUR) is up 0.7% against the US Dollar (USD), a mid-performer among the G10 and strengthening within the context of a broadly weaker dollar driven by headlines related to trade, Scotiabank's Chief FX Strategist Shaun Osborne notes. EUR/USD remains in an uptrend "The EUR is climbing despite dovi

EUR/USD rallies over 1% in Asian trading on Monday as the relentless selling interest in the US Dollar (USD) paves the way for the major to clear the 1.1500 threshold for the first time since November 2021. Growing concerns over a US economic recession and the Federal Reserve’s (Fed) independence co

Euro (EUR) is quietly consolidating within a relatively tight range around 1.1350, Scotiabank's Chief FX Strategist Shaun Osborne notes. EUR/USD’s rally is showing signs of near-term exhaustion "The ZEW business sentiment survey data was mixed, as the leading component disappointed while the current

GBP/JPY moves higher to near 189.00 on the back of upbeat UK labor market data for three months ending FebruaryThe escalating US-China trade war has dampened the global economic outlook.Japan’s Ryosei Akazawa is scheduled to visit the US for trade talks. The GBP/JPY pair rises to near 189.00 in Tues

Hello fellow traders, In this technical article, we are going to present Elliott Wave charts of QQQ ETF . As our members know QQQ has recently bounce from the Equal Legs area. The EWF has reached the extreme zone from the 540.6 peak and found buyers as expected. In the following

The Euro (EUR) tested the upper 1.08s Monday and traded to a three-year high above 1.14 earlier. It is notable that the EUR surge is happening against a backdrop of widening EZ/US spreads which would ordinarily be a negative factor for the EUR, Scotiabank's Chief FX Strategist Shaun Osborne notes. M