Market Overview

OPEC+ announced on Sunday that it will extend supply cuts to the Q3 but will gradually return barrels to the market over the following 12 months. The fact that OPEC has a clear time in mind for...

A fresh batch of important monthly data on income, outlays, and personal consumption expenditure prices in the US has been published. Personal outlays grew by 0.2% in April after a 0.7% jump a month...

The New Zealand dollar continues its ascent for the second consecutive session against the US dollar, resulting in the NZD/USD pair climbing to 0.6125. This increase is attributed to recent US...

US economic growth rose a modest 1.3% in the first quarter, a softer increase vs. the government’s initial 1.6% estimate. The revised data reflects a sluggish pace of growth and the second straight...

June is expected to be another eventful month on Wall Street amid a trio of key market-moving events. Investor focus will be on the U.S. jobs report, CPI inflation data, and the Fed’s FOMC...

The future of electricity demand for everything from electric cars to Bitcoin mining to artificial intelligence may also be the cure for our debt concerns. Before you dismiss that statement, let me...

GDP showed a slowdown of the consumer. However, consumer spending, like so many things in the macro right now, is nuanced. While some stores suffer poor earnings like Kohl, TJ Maxx thrives. While...

Today's PCE Data May Define the Gold Trend Gold (XAU) has been moving sideways within 2,325–2,363 throughout the week, awaiting today's US Personal Consumption Expenditure (PCE) Price Index data....

Tomorrow’s update on US inflation for April looks set to tick lower, although the odds aren’t trivial that pricing pressure will remain sticky, according to various forecasts and a review of pricing...

Yesterday, we observed a deeper correction in stocks during the US session, triggered by some hawkish comments from Fed members. As a result, US yields moved up to the 78.6% Fibonacci level, which...

Higher Treasury yields contribute to stock indices’ retreat Euro under pressure as the pound benefits from the election Gold fails to benefit from risk-off; oil drops ahead of OPEC meeting Dollar...

Gold Falls by 1% as US Dollar StrengthensGold (XAU) dropped by 1% on Wednesday as the US Dollar Index (DXY) and Treasury yields strengthened ahead of the US inflation report. The DXY strengthened...

Sentiment was undoubtedly in a risk-off mood on Wednesday across the market, following the trends on Tuesday. The bigger question is whether this is the start of a shift in longer-term trends towards...

Market mood further darkened yesterday following another round of weak Treasury sales in the US. The 7-year note failed to attract enough demand on Wednesday. The 2-year and 5-year auctions also saw...