Gold Technical: A Less Dovish Fed May Reinforce a Medium-Term Corrective Decline

WTI oil price remains in a steep fall for the fifth consecutive day, losing over 1% and hitting new four-month low in early Tuesday’s trading, after 3.8% drop on Monday (the biggest daily fall since Nov 16). The sentiment soured on growing concerns about weakening US demand, indicated by weaker than expected data from the […]

Summary United States: Let’s Wait and See There was no shortage of economic data this week, but little did much to change the macro landscape. The April inflation data were a step in the right direction, and if sustained, we see the first rate cut coming in September. Next week: Existing Home Sales (Wed.), New […]

U.S. Highlights The U.S. economy added 275k jobs in February, but job gains in the prior two months were revised down significantly and the unemployment rate ticked up to 3.9%. In his testimony before Congress this week, Federal Reserve Chair Powell noted that economic resilience gave the FOMC time to assess the sustainability of current […]