“S&P500 extends its gains despite lingering in the overbought region.” US stocks extended its price rally for the week, building up for fourth consecutive week of gains while investors gear up for upcoming earnings report. Overall, equities market in the US remains in demand after recent inflation data shows signs of hitting its peak. The View more

“GBPUSD give in to bears as data shows rate hike conundrum.” Pound sterling met with fresh supply as investors react towards last week’s soft data from the UK. For the second quarter and last month respectively, both GDP and Manufacturing Production came shrank, albeit above consensus forecast. Evidently, both data casts hardship upon Bank of View more

“Greenback experienced weakness across the board as hope for an aggressive Fed diminishes.” US dollar met with fresh supply as investors reassess recent data from the United States. After CPI came in weaker-than-expected for July, investors trimmed their bets for a larger 75 basis point rate hike during September. Moreover, as US Treasury yield begins View more

“Lower inflation in US prompts major shift in sentiments across the board.” Kiwi received higher demand overnight as investors shifts their focus following the release of US inflation data. According to Bureau of Labor Statistics, US inflation increased by 8.5%, slightly lower than forecast of 8.7%. The data prompts investors to flock away from safe View more

“S&P500 relinquished as investors reassess prior bullish take on US economy.” US shares struggled to secure its profits as semiconductor industry undergoes selloff due to demand concerns. Recently, Nvidia announced weaker-than-expected earnings for the second quarter, placing pressure upon other industry peers as well. Share price of rivals such as AMD and Broadcom ticked down View more

“Aussie dollar bulls will keep an eye on key inflation data from the US for more hints with regards to Fed’s policy tightening.” AUDUSD takes a breather after extending its gains for the past few weeks as investors shifts their focus towards key US economic data. For the week, investors will place their attention upon View more

“Upbeat US data opens up more room for GBPUSD towards the downside.” Pair of GBPUSD extends its bearish bias gradually while market participants wait for more data from both UK and US. Last week, US Nonfarm Payrolls came in at 528,000, significantly higher than forecast of 250,000. Unequivocally, US economy is expected to see soaring View more

“Bank of England may slow down policy tightening pace as UK GDP fell during the second quarter.” Pound sterling pared its gains post Bank of England policy meeting while investors gear up for the release of US Nonfarm Payrolls report. As expected, BoE raised interest rates by 50-basis points to 1.75%, its highest level since View more

“Precious metal prices, especially gold, creeps up slightly as tension rises in between US and China.” Demand for gold rose slightly as tension in between US and China boils over. After US Speaker Nancy Pelosi left Taiwan, China has reportedly deployed several aircrafts and drones near the shores of Taiwan. However, gains on the commodity View more

“Kiwi slipped as domestic economic data disappoints while risk adverse sentiment makes a comeback.” Kiwi undergoes substantial pullback as recent economic data shows economic vulnerability. According to reports, Unemployment rate rose from 3.2% to 3.3% while Employment Change for second quarter comes in at 0%. Evidently, recent data shows bleak economic outlook, which may create View more