Silver and Palladium Broke Up. Will Gold Follow?
The precious metals are recapturing critical levels one after another, claiming a reversal to the upside after a two-year bearish trend. Silver made quite a move up on Monday, gaining over 4%. Palladium closed the day up 5.3%, and at...
Swiss Franc Rises in Very Quiet Markets Euro and Sterling on the Soft Side
The forex markets are very quiet in Asian session today, and could remain so for the day with an ultra light economic calendar. Australian Dollar and Swiss Franc are currently the stronger ones for the week, followed by Canadian and...
Food prices fell sharply in July — but the respite may not last
Global food prices slid in July, but there are doubts over whether the good news will last as, among other things, the Russia-Ukraine grain deal appears shaky. Signal2frex reviews
Brent is Stressed and Continues to Decline
The commodity market suffered another stress last week. On Monday, the situation reached stability, but it remains quite complicated; Brent is trading at $95.60. The asset closed last trading week near its 5-month lows. The key reason for these negative...
Markets in Risk-on Mood, Aussie Higher, Dollar Lower
The financial markets are trading with a risk-on mood today. Major European indexes are trading up while US futures also point to higher open. Commodity currencies are trading generally higher, as led by Aussie. Meanwhile, Dollar is leading Yen and...
Baidu’s robotaxis don’t need any human staff in these parts of China
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu said Monday it has become the first robotaxi operator in China to obtain permits...
Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves
Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank’s recent big rate increases and believes they should continue. Signal2frex feedbacks
Dollar Rose, Yen Fell as Traders Adjusted Bet on Fed Hikes
The strong set of job market data seemed to have cleared much concern over recession in the US, and set the tone for the financial markets. Benchmark treasury yields jumped as traders added bets on Fed continuing with the current...
Reserve Bank of Australia Sees Flexible Path Forward
Summary The Reserve Bank of Australia (RBA) raised its Cash Rate by 50 bps to 1.85% at its August meeting and signaled that further rate hikes will be needed to bring inflation back toward target over time. Several elements of...
Weekly Economic & Financial Commentary: July Jobs Report Squashes Current Recession Fears
Summary United States: July Jobs Report Squashes Current Recession Fears Employers added over half a million jobs in July, which squashes arguments that the U.S. economy is currently in recession. While other measures of labor market strength have shown more...