Crude Oil Prices Climb on Falling Stockpiles, Brighter Demand Outlook
Crude oil prices extended higher on a larger-than-expected fall in crude inventories. Bullish momentum was building after OPEC+ upgraded its outlook for global oil demand.
Gold Prices Probe Barrier as Inflation Data Sinks the USD and Yields
Gold prices advanced as longer-dated Treasury yields fell after a smooth 30-year bond auction. Strong US inflation data sent the US Dollar lower and buoyed precious metals prices.
New Zealand Dollar Forecast: NZD/USD Unscathed as RBNZ Holds Course
The New Zealand Dollar gave a muted reaction following the RBNZ's April OCR decision. NZD/USD appears to be aiming higher after a Falling Wedge break.
S&P 500 Index Hits Record Highs as Bond Yields Drop, Nikkei 225 Falls as Machine Orders Contract
The S&P 500 rallied alongside the Nasdaq 100 index after the US released higher-than-expected inflation figures. The Dow Jones pulled back a bit though. Asia Pacific equities look set to trade mixed.
S&P 500 Index Hits Record Highs as Bond Yields Drop, Nikkei 225 Falls as Machine Orders Contract
The S&P 500 rallied alongside the Nasdaq 100 index after the US released higher-than-expected inflation figures. The Dow Jones pulled back a bit though. Asia Pacific equities look set to trade mixed.
Singapore Dollar Gains on MAS, GDP Beat. Will USD/SGD Breach Key Support?
The Singapore Dollar rose as the Monetary Authority of Singapore left policy unchanged as GDP data beat estimates. USD/SGD may fall towards early January lows if Treasury yields weaken.
AUD/USD at Technical Juncture as Australian Consumer Confidence, RBNZ Looms
AUD/USD approaches trendline resistance, with event-driven risk events looming in the form of Australian Consumer confidence and an interest rate decision from the Reserve Bank of New Zealand.
US Dollar Outlook: NZD/USD Eyes RBNZ Decision, Fed Chair Powell
US Dollar weakness accelerated on Tuesday and steered the broader DXY Index down to fresh three-week lows. NZD/USD price volatility could intensify as RBNZ and Fed event risk loom large.
Grab SPAC Set to Take Markets by Storm, After Commanding $40 Billion Valuation
The SPAC craze has once again been reignited, as Softbank-backed Grab Holdings is set to go public on the Nasdaq Exchange after securing a whopping $40 billion valuation.
Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
Earnings season begins this week with the arrival of quarterly reports from the country’s largest banks. Can they shrug off losses from the recent Archegos blowup and rally higher or will risk aver...