“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

“S&P500 cleared major hurdle while current resistance poses threat ahead.” US stocks advanced further upwards as recent data from the US suggests possible slowdown in Federal Reserve’s policy tightening. Last month, University of Michigan’s Consumer Inflation Expectation slipped from 5.3% to 5.2%. The data reflects possible depreciation in inflation which may encourage Fed to put View more

“Investors are currently concerned about recession than inflation, amid mixed data from United States.” Greenback took a hit last Friday, nosedived to three-weeks low against other major currencies. Earlier, Fed preferred inflation measure – PCE Price Index shows continuous rise in consumer’s inflation. Both PCE and Core PCE toppled market’s expectation despite Fed’s recent rate View more

“Fed signaling slower tightening along with upbeat earnings report spur higher bids upon US equities.” Equity investors rushed into the US market, with Nasdaq posting gains of up to 4% yesterday. Earlier, Federal Reserve announced to raise interest rates by 75 basis points, well within market’s expectation. During its press conference, Fed Chair Jerome Powell View more

“Less hawkish Fed spooked out market participants, policy tightening may end sooner than later.” Tesla share price rebounds from low level as market participants were disappointed by latest signal delivered by Federal Reserve. Last night, Fed Chair Jerome Powell commented that “another unusually large” rate hike may be appropriate. Nonetheless, he emphasized that such measure View more

“Australia’s inflation slowed down slightly; bets for a major rate hike tumbled.” Market dynamics shift swiftly during Asian trading session following the release of headline inflation data from Australia. During second quarter, annual rate of Consumer Price Index climbed to 6.1%, a tad lower than estimates of 6.3%. Evidently, the data has wiped out bullish View more

“Russia remains as limelight in global commodity market as recent action sparks some volatility on certain commodity.” Oil price found some support from the downside as it stages for a possible rebound. Evidently, sentiment within the market grows wary as Europe may face with energy shock after Russia cut down gas delivery through their major View more

“Quiet Monday trading as the market embraces Fed policy meeting on Wednesday.” Greenback edges lower on Monday as traders brace ahead for Federal Reserve policy meeting this coming Wednesday. Evidently, majority of market participants priced in for a 75-basis point rate hike with a small subset expecting a 100-basis point rate hike. Thus, major concern View more

“Bulls regain their momentum on Nasdaq following strong quarterly earnings.” US stocks pushed upwards, buoyed by improvement in investors’ sentiment and optimistic earnings results. Netflix set the tone for bulls after recent quarterly results exceed expectation in terms of EPS and number of subscribers’ loss. In addition, Tesla pushed out strong quarterly result with optimistic View more