US Initial Jobless Claims dropped to 208K, beating forecasts and lifting the Dollar Index as labor resilience offsets softer retail sales. The US Dollar Index (DXY) advanced 0.3% to near 100.80 after US Initial Jobless Claims fell to 208K for the week, below the 217K estim
June retail sales matched estimates at +0.2%, but tech sector declines weighed on the Nasdaq, which fell 1.5%. US retail sales rose 0.2% in June, in line with expectations, signaling steady consumer demand. Upward revisions to prior months added modest support, though broa
Analysts highlight intensified downside momentum for USD/SGD, targeting key support levels at 1.2860 and 1.2830. USD/SGD downside momentum has strengthened following a sharp intraday reversal, with support levels now identified at 1.2875 and 1.2860. The pair is expected to
The Mexican Peso weakens 0.30% against the USD amid geopolitical risks and stronger US economic data. The Mexican Peso fell 0.30% against the US Dollar on Thursday, with USD/MXN trading at 17.43 after hitting a daily low of 17.37. Escalating Middle East tensions and rising
OCBC strategists cite softer US CPI and PPI, alongside firmer PBoC fixings, as drivers for the yuan's gradual appreciation against the dollar. The Chinese yuan extended gains against the US dollar after softer US inflation data reduced expectations for Federal Reserve tigh
The currency pair tests former resistance levels after breaking above technical hurdles, signaling a critical moment for bullish momentum. GBPUSD retreated to the 1.3446-1.3465 range after a sharp rally pushed it to 1.3557, briefly surpassing May highs. The pullback tests
Silver prices fall 3.5% to near $55.75 amid a rebound in the US Dollar and stable Treasury yields. Silver (XAG/USD) declined 3.5% to $55.75 on Thursday as the US Dollar rebounded and US Treasury yields stabilized. The move follows a two-day drop in yields after softer-than
XAG/USD falls 3.5% to near $55.75 as US Dollar strength and Fed rate hike bets pressure the metal amid Middle East tensions. Silver (XAG/USD) declined 3.5% to $55.75 on Thursday, extending losses as the US Dollar rebounded and Treasury yields stabilized. The move follows s
Alphabet’s stock declines as reports indicate a delay in the release of its latest Gemini AI model due to unmet performance targets. Alphabet Inc. shares fell 2% in trading after reports surfaced that the company delayed the launch of its latest Gemini artificial intellige
Scotiabank strategists see GBP/USD dips as a buying opportunity, targeting 1.3650 amid mixed UK data and centrist political expectations. GBP/USD retreated slightly after yesterday’s sharp advance, but strategists view the pullback as a buying opportunity. The pair’s early
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