Category: Analysis

Retail and food services sales were little changed in April, edging up by just 0.1% month-on-month (m/m). The pause in activity in April comes after an outsized gain in March, which was revised higher to 1.7% m/m (previously 1.5% m/m). Motor vehicle sales and parts edged lower by 0.1% m/m, though that came from very…

WTI oil price fell over 3% on Thursday morning, as positive sentiment was soured by the latest encouraging news about US-Iran nuclear talks which may result in easing of sanctions on Iranian oil export and unexpected strong build in US crude stocks that added to growing concerns about oversupply. Thursday’s strong acceleration extends pullback from…

The Australian dollar is showing limited movement on Thursday. In the European session, AUD/USD is trading at 0.6412, down 0.12% on the day. Australia job growth surges Australia’s economy added 89 thousand jobs in April, blowing past the market estimate of 20 thousand and above the upwardly revised gain of 36.4 thousand in March. Full-time…

The GBP/USD pair has again lost direction, hovering around 1.3283 on Thursday after hitting a seven-day high mid-week. Key drivers influencing GBP/USD movement The US dollar weakened on Wednesday, allowing the pound to regain ground. This shift followed ongoing currency negotiations between the US and South Korea, where both parties agreed to continue discussions on…

Asian Session Market Wrap Asian stocks dropped on Thursday after rising for four straight days, as the boost from US-China trade talks started to fade. Stocks in Japan, China, and US futures all fell, showing a more cautious mood after a week of strong gains driven by trade progress and steady economic performance. Investors are…

As shown on the XAU/USD chart, the price of gold fell below $3,130 this morning – its lowest level since 10 April. Since its peak in May, gold has lost more than 8% in value per ounce. Why Is Gold Falling? Bearish sentiment in the gold market may be fuelled by easing geopolitical tensions. According…

Market Picture Market capitalisation has fallen 2% in the last 24 hours to $3.30 trillion. Bitcoin, stuck near past highs, quickly spoiled the market’s mood, triggering a local profit correction after the rally. An active correction in gold may also be playing a role. The crypto market sentiment index rolled back from 73 to 70,…

In focus today In the US, a range of data is due for release in the afternoon. April retail sales will provide the first hard data evidence on how consumer behaviour has reacted to higher tariffs. April PPI will provide further sense of the cost pressures that US firms are facing after the tariffs took…

Markets There were very few eco data to guide global trading yesterday. (US) equities took a breather. Details on US trade agreements with the likes China and the UK still have to be hammered out. This is also the case for (framework) deals with other trading partners. For now, equity investors felt enough trade de-escalation…

Silver’s rally from its July 4, 2025, low has unfolded as an impulsive Elliott Wave structure, completing Wave (1) at $33.67. The metal is now in a corrective Wave (2) pullback. It is characterized by a double three Elliott Wave pattern, a common corrective formation in technical analysis. From the Wave (1) peak, Wave ((a))…