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Gold Targets $2400 As NFP Looms. Brent Stable

Gold Targets $2400 As NFP Looms. Brent Stable

Gold broke above 50-day MA, signaling bullish trend US jobs report today impacts gold’s direction Gold eyes $2400 with weak US labor signals Brent near 2-month high on supply concerns Brent gains vulnerable to strong US jobs data   GoldGold has broken above its 50-day moving average (MA), a key technical indicator that had capped prices since early June, though remained in the […]
How The New UK Government Can Tackle The Public Finances

How The New UK Government Can Tackle The Public Finances

The incoming Labour government has a mountain to climb with the public finances. Here’s a guide to where it could find money relatively easily – and also crucially where it won’t. Key points Ending planned spending cuts is likely to be Labour’s first priority. A combination of tweaks to fiscal rules, exploiting flexibility in the existing […]
Market Blast – Friday, July 5

Market Blast – Friday, July 5

Image source: Pixabay  Stock futures are mixed following the holiday as traders await the June labor report. Indications from earlier in the week say this report might be fairly strong, which would be bad for rates and potentially mean the markets could slip lower into the weekend.Interest Rates are modestly lower this morning as bond buyers […]
USD/JPY Corrects Slightly Below 161.00 As Japan’s Intervention Fears Intensify, US NFP Eyed

USD/JPY Corrects Slightly Below 161.00 As Japan’s Intervention Fears Intensify, US NFP Eyed

The USD/JPY pair extends its correction to near 161.80 in Friday’s European session. The asset comes under pressure as fears of Japan’s intervention in the FX domain due to one-sided excessive moves, which have led to a sharp weakness in the Japanese Yen and a sheer sell-off in the US Dollar (USD) due to firm speculation that […]
Mexican Peso Rises For Fourth Day In A Row Against USD

Mexican Peso Rises For Fourth Day In A Row Against USD

The Mexican Peso (MXN) continues drifting higher in its most traded pairs on Friday, with gains particularly marked against the US Dollar (USD), which has weakened after a run of poor US economic data. In Europe, the Peso’s gains are more muted due to reduced political risk as elections indicate moderates holding onto power despite the […]
GBP/CHF Forecast: Faces Resistance At 1.15 Level

GBP/CHF Forecast: Faces Resistance At 1.15 Level

The British pound has rallied rather significantly during the course of the trading session on Thursday but gave back gains above the 1.15 level. The 1.15 level is a large round psychologically significant figure and an area that we need to pay close attention to. The way we have given back the gains doesn’t suggest […]
3 Balanced Mutual Funds Worth Betting On For Stable Returns

3 Balanced Mutual Funds Worth Betting On For Stable Returns

Image Source: Pexels  Balanced funds offer investors the convenience of buying into a single fund rather than holding both equity and bond funds. This category of funds also reduces a portfolio’s volatility, while providing higher returns than pure fixed-income investments.The fund managers also enjoy the flexibility of changing the proportion of equity and fixed-income investments in […]
AUD/USD Continues To Rise On Fed Rate Cut Expectations

AUD/USD Continues To Rise On Fed Rate Cut Expectations

The Australian dollar (AUD) extended its gains against the US dollar (USD) on Thursday, July 4th, closing 0.3% higher at 0.6727. This marks the second consecutive day of gains for the AUD/USD pair, following a series of weak economic data releases from the United States on Wednesday. Key Factors Driving the AUD/USD Rally Fed Rate […]
Tesla Added To Chinese Government Fleet, Stock Sees Slight Gains

Tesla Added To Chinese Government Fleet, Stock Sees Slight Gains

Image Source: Pexels  In a groundbreaking move, Tesla (Nasdaq: TSLA) has been added to a Chinese government purchase list for the first time, marking a significant milestone for the American electric vehicle manufacturer in the world’s largest EV market.The government of Jiangsu province in eastern China has included Tesla in its official purchase catalog, making it the […]
EUR/GBP Price Analysis: Signs The Downtrend Could Be Resuming

EUR/GBP Price Analysis: Signs The Downtrend Could Be Resuming

EUR/GBP forms a two bar reversal pattern and begins descending.  This comes after price has filled a gap on the charts – another reversal sign.  Evidence is building that the correction from the June 14 lows has rolled over and the intermediate downtrend is resuming.  EUR/GBP is potentially resuming its medium-term downtrend after correcting higher […]