S&P 500 Reaches Another Record High

Key Highlights USD/JPY rallied and tested the 160.80 zone. A major bullish trend line is forming with support at 159.80 on the 4-hour chart. EUR/USD is consolidating above the 1.0670 support zone. GBP/USD spiked lower toward 1.2600 before it recovered some losses. USD/JPY Technical Analysis The US Dollar remained in a strong uptrend above the […]

Key Highlights Gold is consolidating gains below the $2,530 resistance. A key contracting triangle is forming with support at $2,495 on the 4-hour chart. Oil prices might extend losses and revisit the $65.00 support. The US Consumer Price Index might increase by 2.6% in August 2024 (YoY), down from 2.9%. Gold Price Technical Analysis Gold […]

Key insights from the week that was. In Australia, the RBA’s August meeting minutes again reinforced the Board’s well telegraphed views on the economy. In short, there is “less spare capacity than previously assumed” given stronger momentum in demand and a weaker assessment of potential supply. The Board also noted that financial conditions appeared to […]