Key points: US economic data shows a decline, impacting the USD. ECB rate cut and Swiss Franc performance signal market shifts. The US dollar is experiencing downward pressure as recent economic data reveals a series of setbacks. The GDPNow forecast, …
Key points: USDSGD remains steady at 1.3462 during the Asian session. ISM services PMI report tonight will provide insights into the US economy. Technical support for USDSGD at 1.3400 and resistance at 1.3500. The USD/SGD pair is consolidating during the …
Key points: WTI crude futures remain near $73 per barrel, holding at four-month lows. Brent crude futures hover around $76 per barrel, near three-month lows. US crude inventories increased by 4.052 million barrels, defying expectations of a 1.9-million-barrel draw. OPEC+ …
Key points: U.S. job openings fell to a three-year low, signaling potential economic slowdown. Treasury yields declined, while the dollar and safe-haven assets saw gains. The U.S. economy’s recently robust performance may be starting to wane, as indicated by the …
Key points: Nikkei falls 0.45% to 38,749.25 after approaching 39,000 points. Investors take profits after two consecutive days of gains. Japan’s Nikkei share average fell on Tuesday as profit-taking set in after Japanese equities rebounded close to the 39,000-point mark …
Key points: PCE inflation rose 2.7% in April, easing fears of spiraling inflation. US Dollar Index logged modest losses, reflecting a weaker greenback. This article is a follow-up to: PCE data to play integral role in Fed rate decisions The …
Key points: The market cap of Nvidia surged by $700 billion in May, now valued at $2.7 trillion. Apple faces challenges with a monopoly lawsuit and declining sales in China. AI dominance drives the rapid growth in Nvidia, bringing in …
Key points: Gold prices hold steady at $2,347.48 per ounce. Investors await key U.S. economic data this week. Gold prices were flat in early Asian trading on Tuesday after a sharp gain in the previous session. Investors are bracing for …
Key points: ECB Rate Cut sees possible 25 basis point reduction with future signals being key. In the US, NFP release on Friday could prompt re-pricing of US interest rate cuts. The European Central Bank (ECB) is set to cut …
Key points: Hang Seng Index gains 2.32%, marking its best day since May 2. ECB expected to cut rates by 0.25%, influencing regional market sentiment. On Monday, Hong Kong’s stock market experienced an observable surge, with the benchmark Hang Seng …
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