Gold dips as investors book profits, US inflation data in focus

GBP/USD’s recovery was capped at 1.3462 last week. Initial bias remains neutral this week first. On the downside, below 1.3300 will target a retest on 1.3158 support first. However, firm break of 1.3462 will bring stronger rebound back to 1.3657 resistance instead. In the bigger picture, current development suggests that price actions from 1.3867 are…

Recent lacklustre key US economic growth-related data; ISM Manufacturing PMI & ADP Employment Change reinforced the recent bout of JPY strength. Bearish elements in the JPY crosses Index suggest further potential JPY strength in the medium-term horizon. Watch the 140.25 support on the USD/JPY. A déjà vu experience is now ripping across the foreign exchange…

Quantum computing is like Forrest Gump’s box of chocolates: You never know what you’re gonna get. Quantum phenomena – the behavior of matter and energy at the atomic and subatomic levels – are not definite, one thing or another. They are opaque clouds of possibility or, more precisely, probabilities. When someone observes a quantum system,…

By InvestMacro  The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on June 24th. This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong…

What is Blockchain Technology? Thanks to its decentralized and distributed ledger system, blocking technology allows secure, transparent, and tamper-resistant record-keeping across a network of computers. Various programming languages, such as Go and C++, are utilized to develop blockchain systems, each offering unique features and advantages for creating, managing, and operating these systems. Every “block” contains…