OPEC uncertainty limits gains as oil increases on optimism about the debt ceiling. FUNDAMENTAL OVERVIEW Despite concern ahead of an OPEC meeting this weekend, oil prices jumped in Asian trade
Read More
Gold Gains as US Treasury Yields Dip and Debt Deal Vote Looms. Introduction: Gold prices experienced a modest increase, rising by 0.33% to settle at 60198, as the yield on
Prior to US data, USD/JPY surges to the 140.00 region due to widespread USD strength FUNDAMENTAL OVERVIEW The USD/JPY pair makes a strong recovery from Thursday’s one-week low of 139.00,
GBP/USD continues to decline towards 1.2350 despite a stronger US dollar. FUNDAMENTAL OVERVIEW In the European session, the GBP/USD is continuing to decline towards 1.2350. Amid concerns about China’s economic
OPEC+ discussions uncertainties and US debt deal problems cause oil to decline by 2%. FUNDAMENTAL OVERVIEW The market’s risk-on attitude was dampened by worries about the U.S. debt ceiling agreement,
Alibaba Plans to Hire 15,000 Employees, Denying Layoff Reports: Trade Suggestion and Analysis. Alibaba Group Holding Ltd. has announced plans to hire 15,000 new employees this year, refuting recent reports
Sri Lankan Rupee Witnesses Significant Appreciation Against Major Currencies Introduction In a positive turn of events, the Sri Lankan rupee (LKR) has demonstrated a remarkable appreciation against the US dollar
As USD sees renewed demand, GBP/USD eases to 1.2350 FUNDAMENTAL OVERVIEW The GBP/USD exchange rate is trading close to 1.2350, giving up gains made during European trading hours. Despite the
U.S. Dollar Gains Ground as Rate Hike Expectations Grow Introduction In early European trading, the U.S. dollar saw a slight decline, but it remained on track for its third consecutive
Gold continues to rise from a two-month low and crosses $1,950 FUNDAMENTAL OVERVIEW The price of gold picks up some buyers at the 100-day Simple Moving Average (SMA) and makes