Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any…
US CPI rises to 2.7% YoY, first meaningful jump in five months. Core inflation sticks at 2.9%, reinforcing Fed’s cautious stance. UK growth concerns deepen as BoE rate cut bets rise to two by year-end. The GBP/USD extended its losses to four consecutive days after the latest inflation report in the United States (US) showed…
EUR/GBP trades in positive territory around 0.8625 in Thursday’s early European session. EU hopes to agree to a US tariff deal ‘in coming days.’ The UK monthly GDP report will be published on Friday. The EUR/GBP cross trades with mild gains near 0.8625 during the early European session on Thursday. Optimism around the United States…
The Indian Rupee bounces back to near 86.60 against the US Dollar as the Oil price rally hits a pause. The US stated that it will decide whether to attack Iran directly in the next two weeks. This week, the Fed left interest rates steady and warned of upside inflation risks. The Indian Rupee (INR)…
WTI price rises to near $72.15 in Monday’s early Asian session. Concerned over wider conflict between Iran and Israel that could disrupt supplies support the WTI price. Trump’s tariff uncertainty might cap the WTI’s upside. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.15 during the Asian trading hours on Monday. The WTI…
The USD/CAD pair has fallen below 1.3600, which is now providing resistance. Israel’s attack on Iran fails to support a broader recovery for the US Dollar. Inflation expectations in the US continue to decline, putting pressure on the US Dollar. The Canadian Dollar (CAD) is trading higher against the US Dollar (USD) in the American…
USD/JPY remains supported above 144.00 as US-China trade talks remain in focus. Bank of Japan Governor Kazuo Ueda’s hawkish tilt limits Yen weakness. The US Dollar steadies ahead of Wednesday’s US inflation data, which could contribute to Fed rate bets. The Japanese Yen (JPY) is steadying against the US Dollar (USD) on Tuesday, with the…
Gold edges higher as persistent trade tensions and the safe-haven appeal of precious metals boost prices. US-China trade talks are scheduled for Monday, remaining a key catalyst for Gold and US Dollar prices. Gold prices rise above $3,300 with resistance at $3,350. Gold prices remained at an elevated level on Monday, despite the start of…
China’s Consumer Price Index (CPI) dropped at an annual pace of 0.1% in May after declining 0.1% in April, the National Bureau of Statistics of China reported on Monday. The market consensus was for a 0.2% decrease in the reported period. Chinese CPI inflation came in at -0.2% MoM in May versus April’s 0.1% increase. China’s Producer Price Index (PPI)…
FuelCell Energy came out with a quarterly loss of $1.79 per share versus the Zacks Consensus Estimate of a loss of $1.51. This compares to loss of $2.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -18.54%. A quarter ago, it was expected…