The tech-heavy Nasdaq 100 underperformed on Wednesday as soft US ISM Services data fueled economic woes. Will key support hold as traders turn towards Thursday’s session?
Gold begins the week on the back foot, dragged down by the rally in the U.S. dollar and the increased likelihood of a May FOMC rate hike, but maintains a bullish medium-term outlook.
The U.S. dollar rallies on Monday, boosted by rising U.S. yields and risk-off sentiment, with traders looking ahead to a key U.S. inflation report that could define the Fed’s near-term rate path.
USD rate expectations price in multiple rate cuts for 2023 while the yen appears poised to capitalise on its safe-haven appeal and possible policy normalisation
USDCAD remains on course for higher prices despite a recent pullback. Is 1.4000 still possible?
TLT is well-placed to rally in the medium term, as the slowdown in the U.S. economy will stand to benefit long-term bonds.
With economic worries likely to remain in the coming quarter, could silver move higher?
The gold price made new highs today after the US Dollar and Treasury yields descended on soft data, while crude oil maintained the high ground. Will XAU/USD keep rallying?
An anticipated weakening in Chinese exports for the second quarter y/y could keep the US Dollar pressuring the Yuan. USD/CNH may be eyeing a 7.08 – 7.52 zone in the coming months.
Going into the second quarter, the macro environment for financial markets is characterized by stubbornly high inflation and an evolving banking crisis. Will volatility continue to evolve?
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