Market News

Relatively bigger down days than up days since late July on the daily charts of the Nasdaq 100 index and the S&P 500 index’s fall below support for the first time since April suggests the rally in US indices could finally be due for a breather....

Market sentiments continue to reel in from the US credit rating downgrade by Fitch overnight, with overbought technical conditions potentially exacerbating some profit-taking....

Crude oil prices are under the pump today as macro conditions unwind the jolly July rally on US debt woes and although stockpiles have been depleted, WTI vulnerability has been exposed....

The July nonfarm payrolls report will provide valuable information on the health of the U.S. economy and help shape the near-term outlook for gold, the U.S. dollar, and the S&P 500....

Gold prices slide for the second straight day amid U.S. dollar strength and rising Treasury yields following better-than-expected U.S. economic and Fitch’s decision to downgrade U.S. debt....

A mixed bag from Sterling-crosses today with GBP/USD seemingly stuck, while GBP/NZD touches its highest levels since April 2020...

The Japanese Yen gained some lost ground after minutes of the BoJ meeting provided clarity on policy intentions. US credit downgrade having little impact for now...

The DXY appears to have shrugged off a downgrade by Fitch Ratings to continue high following the European Open. Can the US Dollar sustain the upward momentum?...

European indices have fallen sharply in early trading, but the Dow is only slightly lower despite the US credit rating downgrade last night....

AUD prices have been rocked by the US ratings downgrade but has managed to find support against the NZD as market keenly await ADP data later today....