Date Archives

Month: August 2024

Positive US Economic Data Propels US Dollar Higher, Weakens Euro

August 29, 2024

The US Dollar strengthens following positive revisions in the second estimate of US GDP data The US Dollar (USD) is trading significantly stronger, reversing losses...

Nvidia’s Q2 Beat Fails to Lift Stock as Market Sentiment Wavers

August 29, 2024

Nvidia shares fell in premarket trading, despite earnings surpassing estimates FUNDAMENTAL OVERVIEW: Nvidia shares fell in U.S. premarket trading on Thursday, as the slight decline...

Bitcoin Dips Below $59K as Market Faces Bearish Sentiment

August 28, 2024

Bitcoin’s price drops below $59,000, erasing over $318 million from the market. FUNDAMENTAL OVERVIEW: Bitcoin (BTC) saw a slight uptick on Wednesday after a 7.5%...

Silver Technical Analysis Positive Market Sentiment

August 27, 2024

XAG/USD remains steady below $30.00, supported by positive market sentiment FUNDAMENTAL OVERVIEW: Silver prices (XAG/USD) remain steady at approximately $29.90 per troy ounce during the...

Recession Fears vs. Fed’s Easing: Weekly Economic Forecast

August 24, 2024

Forecasting the Coming Week: Recession Worries Outshine Fed’s Easing Measures A challenging week led the US Dollar (USD) to fall to new yearly lows below...

NZD/USD Gains Momentum on RBNZ, Fed Expectations

August 12, 2024

NZD/USD remains firmly above the 0.6000 level, with bulls approaching a multi-week high FUNDAMENTAL OVERVIEW: The NZD/USD pair draws new buyers after an intraday dip...

Weekly Oil Gains: Positive U.S. Jobs Data, Middle East Risks Push Prices Higher

August 9, 2024

Oil is poised for a 3% weekly gain, driven by positive US jobs data and heightened risks in the Middle East Oil prices edged higher...

USD/CHF Pair Declines Slightly Due to Softer USD, Faces Resistance

August 9, 2024

USD/CHF experiences slight losses due to a softer USD, but lacks momentum amid a prevailing risk-on sentiment FUNDAMENTAL OVERVIEW: The USD/CHF pair struggles to build...

Weekly Jobless Claims Drop, Easing Recession Fears Amid Market Jitters

August 8, 2024

A drop in weekly jobless claims eases recession concerns for jittery markets. A decrease in the number of Americans filing for unemployment benefits last week...

Natural Gas Loses 1.5% After 8% Surge; Market Volatility Ahead of US Session

August 8, 2024

Natural gas ends its rally with a loss of over 1.5% ahead of the US session FUNDAMENTAL OVERVIEW: Natural gas prices (XNG/USD) eased on Thursday...

Gold Price Falls Under $2,400; Fed Rate Cut Expectations Buoy Outlook

August 5, 2024

Gold prices plunge on heavy profit-booking, but near-term strength remains intact Gold price (XAU/USD) shows significant weakness despite escalating geopolitical tensions and growing fears of...

USD/CAD Outlook: Key Technical Levels and Market Drivers Explored

August 5, 2024

USD/CAD remains below 1.3900 amid dovish Fed expectations, with attention on upcoming US PMI data FUNDAMENTAL OVERVIEW: USD/CAD posts modest gains around 1.3880 in early...

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