Market Overview

It’s a human shortcoming to favor simple explanations for the business cycle. The notion that reliability and timeliness can be forged in one indicator endures, but recent history has hammered this...

The dollar keeps marching north, PMIs on tap Yen extends rally as traders unwind carry trades Aussi and Kiwi slide on China concerns, loonie awaits BoC Stocks trade in the red, tech earnings in the...

Gold Rises as US Treasury Yields Decline The gold (XAU) price rose on Tuesday, breaking a four-day losing streak as US Treasury yields declined. XAU/USD recovered yesterday, bolstered by a decline in...

Existing single-family home sales for June, released Tuesday, were nothing short of a disaster. Sales fell 5.4% MoM and 4.3% YoY to a 3.5mm SAAR (seasonally adjusted annualized rate). This is the...

Stocks finished the day lower, but the FX market had a lot more action, especially in the Japanese yen, which moved sharply against the Australian dollar, the US dollar, the euro, the Canadian...

The first view on Big Tech earnings wasn’t inspiring. Tesla (NASDAQ:TSLA)'s earnings missed estimates for the 4th consecutive quarter as revenue from car sales declined 7%. The company’s energy...

US economic activity is on track to post a modestly firmer growth rate for the second quarter GDP report scheduled for release on Thursday, July 25. The estimate is based on the median estimate for a...

Gold Holds Steady Ahead of US Reports and Political Developments The gold (XAU) price stabilized near $2,400 on Monday, following three consecutive trading sessions of decline, as traders turned...

USD/CAD is nearing a breakout after being range-bound since April, potentially driven by falling oil prices and a weakening Canadian Dollar. The Bank of Canada (BoC) is expected to cut rates this...

Week started on a bullish note in Europe and the US as Jow Biden’s decision to leave the presidential race didn’t impact the market mood. The S&P 500 rebounded 1% following its worst week since...

Nasdaq 100 Key Points President Biden has dropped out of the 2024 Presidential race, leaving Kamala Harris as the presumptive US Presidential nominee. Former President Trump is still seen as the...

A seismic shift is taking place in corporate America as even more companies announce plans to relocate from blue states to more business-friendly jurisdictions like Texas. Last week, Elon Musk...

Markets in risk-off mode after outage Biden withdraws from Presidential race Gold and oil feel the heat of strong dollar Dollar Rallies on Haven Flows The US dollar traded higher against most of...

Increased geopolitical tensions in the Middle East and US election uncertainty have caused a rise in safe-haven demand, particularly for Gold. The US Dollar has weakened due to concerns about a...