NZD/USD Hits Four-Week Low Amid US Dollar Strength

Summary United States: Another Week, Another Strong Showing from the U.S. Consumer Robust retail sales data were the main story on the U.S. economic data front this week. Elsewhere, data for industrial production and jobless claims offered additional evidence that the U.S. economy remains on solid footing. Next week: New Home Sales (Tue.), GDP (Thu.), […]

Crude oil prices fell after initially gaining over 1.5% on Wednesday, marking the biggest rise in two weeks. Despite concerns about Tropical Storm Francine’s impact on US oil production, traders believe the storm’s effects will be short-lived due to the current oversupply in the market. The US Dollar also strengthened following a surprise rise in […]

Silver’s future prospects turn brighter after reaching a two-year peak A retreat fueled by profit-taking is a risk in the short term Silver advanced to a two-year high of 26.54 on Wednesday, finally breaking the wide consolidation phase that started in May 2023. The spotlight is currently on the 2022 high of 26.93, however, Tuesday’s close above the […]