Author: FX
Gold (XAU/USD) attracts fresh sellers following the previous day’s good two-way price swings and weakens further below the $4,000 psychological mark through the Asian session on Wednesday. This marks the third straight day of a slide and keeps the precious metal closer to its lowest level since November 2025, touched on Tuesday. Moreover, a bullish US Dollar (USD), bolstered by uncertainty over US-Iran talks and Federal Reserve (Fed) rate-hike bets, suggests that the path of least resistance for the bullion is to the downside.US negotiators Jared Kushner and Steve Witkoff arrived in Qatar on Tuesday for talks about the implementation…
GBP/NZD is hitting a major resistance zone! Will GBP/NZD stay inside its range? Or will bulls force a bullish breakout? Source link
Uncle Sam drops the June labor market numbers this week, and word around is that we’ll see another month of job gains. Our Event Guide for the U.S. June Non-Farm Payrolls report points to a print that could keep September rate hike expectations alive and keep the dollar bid. If the data backs that view, USD/CHF and USD/CAD could offer cleaner setups for dollar bulls. Source link
Hawkish Fed expectations are running pretty high these days, but what if the June jobs report falls way short of estimates? Our Event Guide for the NFP report points out that a combination of cooling wage growth and slower hiring could be enough for markets to rethink the FOMC tightening timeline. Here’s what I’m looking at on GBP/USD and USD/JPY in this scenario. Source link
Global AI wave revs up Asian factories, offsetting war-induced pain Source link
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The combination of firmer inflation expectations and a sentiment beat across nearly every Tankan category strengthens the case for the BoJ to keep normalising policy, particularly with big manufacturers’ index at 22 against a Reuters poll of 16, one of the larger upside surprises in recent surveys. Five-year inflation expectations holding at 2.6% alongside the one-year reading pushing up to 2.7% supports the view that price pressures are becoming more entrenched rather than transitory, a key input for the BoJ’s reaction function. The capex beat from large firms, against a backdrop of falling recurring profits, suggests companies are willing to…
United Overseas Bank’s (UOB) Quek Ser Leang notes that USD/SGD has lost upside momentum after briefly breaching support at 1.2925, shifting the short-term bias to neutral. In the near term, the pair is expected to hold within 1.2920–1.2950, while over the next 1–3 weeks UOB sees a broader 1.2870–1.2970 range. Longer term, strong weekly momentum still favors a push above 1.3000 toward 1.3095.Dollar-Singapore Dollar holds neutral bias”24-HOUR VIEW: Yesterday, we indicated that USD “is likely to trade between 1.2930 and 1.2960.” However, USD edged to a low of 1.2922. The decline did not result in any clear increase in downward…
Stocks closed the quarter at a record while Bitcoin broke below $60,000, both before jobs. Updated scenarios, fresh levels, and the Thursday NFP event plan inside. Source link
What a half-year for memory.The theme of this group writes itself: nine of the ten are semis/hardware, and the leaders are a memory-and-storage cohort. SanDisk, Micron, Western Digital and Seagate are all riding the NAND/HBM/DRAM shortage colliding with AI data-center demand — SanDisk had already nearly +570% in 2025 as a pure-play flash name leveraged to a global NAND shortage, and the move has only extended. Dell is the AI-server proxy in the group; Corning is the optical/glass infrastructure play. AMD and Applied Materials round it out as the GPU and wafer-fab-equipment exposure.What’s equally remarkable is that this isn’t about…