Gold and WTI Crude Oil Prices Signal Bullish Bias

Gold started the week with a decisive renewal of all-time highs, reaching the maximum spot price of $2531 per troy ounce. However, the bulls failed to seize the initiative finally, and on Thursday, gold lost more than 1%, falling back to the depths of the upward trend established in April. We also pay attention to […]

The recent movement of the USD/JPY has been influenced primarily by political factors. The JPY has weakened significantly due to the growing risk that the current LDP-led coalition may lose its majority seats after this Sunday, 27 October snap election. Watch the 151.10 key short-term support on the USD/JPY. Since our last publication, the bears have […]

50bps delivered and another 50bps seen by year end by the FOMC. At the September meeting, the FOMC decided to cut by 50bps to begin their policy normalisation cycle. The Committee projects another 50bps of cuts to end-2024 (over two meetings), another 100bps of cuts in 2025, then a final 50bps in 2026, leaving the […]