Gold futures, more specifically COMEX contracts, surged at the end of last week as the US customs agency is said to have marked the precious metal as being subject to tariffs. The spot market was much calmer as noted here, as traders were also waiting for the White House to make a mention about it. … Read more
Doo Prime, a trusted global financial services provider with over a decade of market presence, proudly announces a major rebranding initiative that reflects its evolution, strategic vision, and continued commitment to excellence. This rebrand marks an important milestone for Doo Prime as the company prepares for the next chapter in its ongoing development. The new … Read more
Prior +1.8% CPI Y/Y +1.7% vs +1.7% preliminary Prior +1.7% No changes from the preliminary figures. It certainly won’t change anything for the ECB. This article was written by Giuseppe Dellamotta at investinglive.com. fbs.mobi
The decision to leave the cash rate unchanged at 3.85% was a surprise at the time but it was mostly about buying time for confirmation from the Q2 CPI report. And they pretty much got that with trimmed mean inflation falling to 2.7% year-on-year and that was down from 2.9% year-on-year in Q1. A 25 … Read more
The week will start off quietly with no significant data releases scheduled for Monday that could impact the FX market. On Tuesday, the focus in Australia will be the RBA monetary policy announcement while in the U.K., we’ll see the average earnings index 3m/y, claimant count change, and the unemployment rate. For the U.S., the … Read more
The US CPI report is the be all and end all for markets in trading this week. After the recent string of poor data, traders have gone on to price in a September rate cut as Fed policymakers also start to turn more dovishly. But what happens if inflation runs hotter than expected? Stagflation risks … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
New Zealand pays 15% tariffs on exports to the US. NZ PM Luxon says relief on this is not likely. Its trimmed a few tics from NZD/USD. This article was written by Eamonn Sheridan at investinglive.com. fbs.mobi
Michigan Governor Gretchen Whitmer met privately with President Donald Trump in the Oval Office on Tuesday to deliver a message: his tariffs were damaging the very automotive industry he has pledged to protect. The conversation marked Whitmer’s third meeting with Trump at the White House since he took office in January. AP carried the report. … Read more
China’s Contemporary Amperex Technology Co. Ltd. (CATL) halted production for at least three months at its Jianxiawo lithium mine in Jiangxi province. The suspension, triggered by the expiry of its mining permit on August 9, has fuelled speculation of wider supply cuts as Beijing seeks to curb overcapacity Analysts cautioned the move is unlikely to … Read more
