In anticipation of the post-FOMC meeting press conference and the Fed’s monetary policy statement, uncertainty has caused gold to recover from four straight days of losses and move over the 100-day SMA.  The precious metal is trading at $1964.99 per ounce at the time of writing. The US released strong …

Google’s parent company; Alphabet, reported Q2 earnings on Tuesday, beating expectations on both the top and bottom lines, sending the stock up as much as 6% in after-hours trading. Google ad revenues totaled $58.14 billion in the quarter, better than the $57.5 billion expected and $56.3 billion reported in the …

Crude Oil prices are undermining the Loonie and USD, with the USD/CAD pair experiencing a mixed trend. The commodity-linked Loonie is undercut as Crude Oil prices continue to rise to almost a three-month high.The US dollar has stalled its recovery move from the lowest level since April 2022, with profit-taking …

The WTI climbed above $79.00. The American crude records a four-day winning streak on Tuesday, but the upside may be limited to technical indicators starting to flash overbought conditions.Chinese economic stimulus supported Oil prices while focus in the markets shifts to Wednesday’s Fed decision. Earlier in the day, Chinese news …

The US Dollar holds firm against its major rivals early Tuesday. The US Dollar Index clings to modest daily gains near 101.50. US data highlighted a further improvement in consumer sentiment in July.The US Dollar gains traction on Tuesday, with the USD index touching its highest level since July 12 …

The USD/CAD pair dropped to 1.3170 as the bulls failed to reconquer the 20-day SMA. Global supply concerns are boosting Oil prices, favouring the Canadian dollar.The USD continued to recover following mixed PMIs. On Monday, the USD/CAD declined towards 1.3170 despite the USD trading strong against most of its rivals. …

Dow Jones Industrial Average led Wall Street higher on Monday, notching its longest winning streak in six years. Investors are broadening the market’s breadth, with people starting to take profits in tech and invest in other parts of the markets. The tech-heavy Nasdaq Composite Index has rallied 34.3% this year, …

The 10-year US Treasury yields ended Monday’s trading in a bullish direction, based on the rising US dollar, which is benefiting from rising interest rate expectations at the Fed’s policy meeting this week.US Treasury yields for ten years have surged to 3.875%, compared to the previous daily close of 3.841%. …

The GBP/USD has slid for the seventh day. The Sterling has been impacted by weak UK PMIs and the overall gloomy UK economic future perspective. The UK PMI shows the largest month-on-month drop in 11 months, signaling a potential weakening of post-pandemic spending. The Sterling is even seen as heading …

The Australian dollar has risen against the US dollar on Monday due to positive market sentiment, supporting commodity currencies like the Aussie more than safe-havens like the US dollar. S&P Global’s data shows the US Composite PMI is higher and in expansionary territory compared to Australian counterparts, reflecting the positive …