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Market Analysis

WTI drops amid Middle East diplomacy, eased US sanction fears

West Texas Intermediate (WTI) oil price extends its losses for the third consecutive day, trading around $80.10 per barrel during the Asian hours on Wednesday. Crude oil prices have declined following reports that Iran …

3 min read

Dollar Slightly Lower on Strong Stocks and Weak Crude

The dollar index (DXY00) fell by -0.06% on Tuesday. The dollar gave up an early advance on Tuesday and posted modest losses on weaker-than-expected US economic news, including July new home sales and Aug consumer confid…

5 min read

GBP/USD Gains Face a Fiscal Test as UK Gilt Yields Hold Above 5%

Can Japanese Yen Futures Survive the 160 Threshold?Macroeconomic Pressures and the 160 Defense Line Japanese Yen futures are testing critical technical levels once again. Speculators are actively pushing the exchange ra…

102 min read

Chinese Yuan: Trade risks limit gains against US Dollar – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note that reports of potential US tariffs on Chinese goods and the PBoC’s resistance to rapid Renminbi (RMB) gains are likely to limit further downside in USD/CNH. While the bro…

1 min read

Stocks Rebound as Crude Oil Weakness Knocks Bond Yields Lower

The S&P 500 Index ($SPX) (SPY) is up by +0.40% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.94%. E-mini S&P futures (ESU26) are up +0.35%, and…

6 min read

The US Dollar Index stops paying for hawks who cannot vote

A non-voting regional Federal Reserve president published a conditional hold on Tuesday, tying the current target range to continued evidence that inflation is actually coming down, and the Dollar Index has not moved fo…

7 min read

Forex Today: US Dollar stays on the back foot ahead of PCE

The US Dollar Index (DXY) is hovering below the 99.00 mark as traders squared positions ahead of a heavy Wednesday data slate and Federal Reserve (Fed) Chair Kevin Warsh's Jackson Hole address on Friday. The move was mo…

2 min read

Gold pulls back from $4,700 as Hormuz hopes cool haven demand

Gold price holds firm during the North American session as buyers fail to surpass the $4,700 level, exacerbating a retracement below a key psychological level, amid mixed US data and rising hopes for an end to the US-Ir…

4 min read