Hawthorne

Australian Dollar (AUD) inched higher. Pair was last at 0.6532 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note. RBA to cut cash rate at the next meeting "Bearish momentum on daily chart shows signs of fading while RSI rose. We stick with our bias to trade on longs. Resistance her

The Dow Jones rebounded back above 44,000 on Monday amid a bullish recovery.Equities are shrugging off last week’s sharp losses sparked by downside revisions in NFP data.Softening labor data has increased hopes for a Fed rate cut, offsetting downturn declines. The Dow Jones Industrial Average (DJIA)

Gold: What happened and why? From intraday high of $3334 Gold dropped to $3268 yesterday, which aligns with 100 Day SMA. This sums up a significant $66 drop in a day which came on the back of strengthened Dollar Index rising over 100 Day SMA 99.10 reaching 99.96 What's next? Today's Asian session be

Executive summary GBP/USD completed wave ((i)) of a larger bullish impulse sequence. Current decline is viewed as wave ((ii)) and may reach 1.31 and possibly 1.27. Current forecast for additional declines holds while prices remain below 1.3589. GBP/USD Elliott Wave count The current Elliott wave cou

US Dollar (USD) is expected to continue to rise against Chinese Yuan (CNH); the major resistance at 7.1910 could be out of reach for now. In the longer run, upward momentum is building, but for a continued advance, USD must first close above 7.1910, UOB Group’s FX analysts Quek Ser Leang and Peter C

USD/JPY bounces back as the US Dollar attracts bids ahead of the flash US PMI data for July.The US Composite PMI is estimated to have expanded at a faster pace.US-Japan trade agreement revives hopes of further monetary policy tightening by the BoJ this year. The USD/JPY pair recovers its early losse

GBP/USD climbed back above 1.3500 for the first time in over a week.The US Dollar continues to retreat, bolstering Cable bids.Double-header PMI prints loom ahead on Thursday as trade and Fed headlines continue. GBP/USD rose for a second straight day on Tuesday, lifted by a general weakening in globa

Where we were Tariff threats and ‘announcements’ from US President Donald Trump have taken a back seat in the financial markets. As of now, traders appear to have become numb to Trump’s chaotic back-and-forth trade policy approach. What caught the market’s attention last week, however, was a rumour

Gold trims early losses as US Jobless Claims and retail sales dent rate cut hopes.US data beats estimates, reinforcing Fed's steady policy stance ahead of the July meeting.Fed officials signal patience, with inflation still above the target range. Gold price dropped by over 0.26% during the North Am

Silver (XAG/USD) holds steady near $37.80 on Wednesday, recovering modestly from a mild pullback earlier in the week.Headline PPI came in flat month-on-month, while Core PPI also missed forecasts.Core PPI also disappointed, printing at 0.0% MoM and 2.6% YoY, both below market estimates. Silver (XAG/

Some headlines about French politics might have gotten into the mix on a bad day for the euro yesterday, although no spillover into the OAT-Bund spread means the effect should have been marginal if anything, ING's FX analyst Francesco Pesole notes. EURUSD remains an extension of broader USD sentimen