Gold’s $4000 p/oz historic milestone
The precious metal continues to power through ceilings and climb higher and higher as investors flee enmasse towards safety amid geopolitical, economic and policy uncertainties. The bullion has surpassed the $4000 per troy ounce historic level in today’s early trading hours and its year-to-date gain exceeded 50%. Political instability in France, leadership change in Japan, […]
AMD soars after Open AI deal
Advanced Micro Devices, a prominent US chipmaker, has announced a multiyear agreement with the ChatGPT-maker and the prodigal child of the AI race, Open AI, to supply 6 gigawatts (GW) of compute power, in an infrastructure project that could generate tens of billions of dollars and benefit tremendously the entire AI ecosystem. The strategic partnership […]
Gold’s Weekly Update: Gold bulls renew their dominance
Gold’s price continued to be on the rise since our last report, reaching new record high levels and leaving gold traders wondering when it will hit the ceiling. In today’s update we are to examine whether the negative correlation of the USD with gold’s price remains inactive and also have a look at the effect […]
Week Ahead Schedule
Since there are scarcity economic news releases during today’s session, we decided to outline the most important releases for this week: Tuesday: We kick off the week with the United States trade balance for August, EIA’s short term energy outlook report and Canada’s Ivey PMI for September. Wednesday: In the early hours of the Asian […]
Tesla deliveries beat estimates as EV tax credit expirations loom
The EV giant Tesla reported a record-breaking quarter in terms of deliveries, an event that sparked widespread optimism in the investment community, with analysts upwardly revising their targets on hopes of capacity expansion. The automaker delivered 497k vehicles in its third quarter, significantly exceeding Wall Street’s estimates of 454k units, amounting to a 7% increase […]
Oil Weekly Update: Oversupply concerns permeate energy markets
Technical Analysis of Oil Crude futures move closer to 4 month lows on oversupply pressures Crude futures are currently fluctuating near the $61.50 (S1) support base, approaching a 4-month low as bearish sentiment prevailed in the past week. Given the lack of substantial fundamental catalysts, we maintain our bias for the prolongment of the sideways […]
US plans stakes in Australian miners to counter China’s supply chains
The US administration is reportedly pondering to take equity stakes in Australia’s largest miners according to a report in efforts to minimize the influence of its most prominent rival, China, and remain competitive in the race for global superiority. Washington noted that the move aims to create alternative supply chains, after China, the top producer […]
EUR/USD: Likely to consolidate on the day – OCBC
Euro (EUR) traded subdued in absence of fresh catalyst. CPI picked up to 2.2% y/y but well within consensus. Pair was last at 1.1752 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
US: The third government shutdown under President Trump – UOB Group
The US government began shutting down on 1 Oct 2025 after US congressional leaders failed to agree to a short-term funding bill beyond the 30 Sep US fiscal year-end due to disagreement on healthcare subsidies and other policy demands.
WTI Oil remains capped below $62.00 on oversupply fears, US shutdown
The US Benchmark West Texas Intermediate is trading at $61.80 per barrel at the time of writing.
NZD/USD Price Forecast: Rises to near 0.5850 after breaking above nine-day EMA
NZD/USD extends its gains for the third successive session, trading around 0.5840 during the European hours on Thursday. The daily chart’s technical analysis shows that short-term price momentum has strengthened as the pair trades above the nine-day Exponential Moving Average (EMA).
Earnings turnaround story lifts Nike higher
The sports apparel giant, Nike, just did it with its latest earnings call and outperformed Wall Street analysts’ forecasts, possibly signalling the return of the world-renowned sports brand, back to its former glory days. Shares rose by over 4% in the aftermarket hours signalling investors’ optimisms, as Nike toppled both the EPS and Revenue targets […]
The plan to end the war in Gaza
Headlines for the 20-point peace plan for the war in Gaza flooded market feeds earlier today, after President Trump met with Binyamin Netanyahu, the PM of Israel, and discussed the future of Palestine, after almost two years of extensive bloodshed. The first stage of the plan entails, the release of all, 48, Israeli hostages that […]
Dollar returns to weakness after stagflation confirmation
After a brief period of gains, the greenback reversed course and returned to its characteristic devaluation path, as the latest Core PCE print, the Federal Reserve’s preferred gauge of inflation, showcased no material change and hinted that the US economy is indeed experiencing a stagflationary cycle. Price pressures were unchanged in the month of August, […]
US PCE update edging closer
The main attraction of today’s session is the Fed’s preferred gauge of inflationary pressures, the Core PCE index, for the month August whose results will have a direct impact on the Federal Reserve’s impending rate decisions in the remaining two meetings of 2025. According to forecasts, year on year Core PCE reading is seen at […]
Oil Weekly Update: Demand Fades, Futures Hold at $64
Technical Analysis of Oil WTI Chart – Bears remain in control yet US-Russia talks could induce shift in dynamic Crude futures are currently gyrating aimlessly around the $64 per barrel level as lack of catalysts keeps energy traders on the sidelines with their hands tied. Given the lack of substantial fundamental catalysts and the fact […]
Hybrid and EV car sales thrive in Europe
The latest year-on-year data from the New Passenger Car Registrations indicator showcased that in the month of August, hybrid and battery electric vehicles(BEVs) far outperformed sales of traditional, petrol and diesel vehicles, showcasing that a shift in consumers behaviour may have occurred. Petrol car sales fell by -16%, diesel by -18% whereas, sales of hybrid […]
Fed’s Goolsbee warns against series of rate cuts
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee broke away from the overarching narrative of consecutive Fed rate cuts heading through the end of the year, widening the narrative gap between Fed incumbents and Donald Trump’s newly-minted Fed plant Stephen Miran.
Gold retreats from record high as Powell cools cut bets, US Dollar strengthens
Gold (XAU/USD) price turns negatively on Wednesday after rallying for three consecutive trading days, which pushed the yellow metal to a record high at $3,791, before retreating somewhat as investors digest Federal Resever (Fed) Chair Jerome Powell’s comments, which seem to pour cold water on rate c
Forex Today: SNB rate call, US GDP, Japan Tokyo CPI inflation on deck
The US Dollar lurched higher on Wednesday, sparked by a fresh round of risk aversion across the broader markets. Central banks worldwide are grappling with two-speed economies of varying degrees, and many are battling a steepening slowdown in economic activity.