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Silver jewelry demand is on the rise globally, another factor pushing the silver market to its fourth straight supply deficit in 2024. The U.S. market is playing an important role in this trend. Industrial silver demand set a record last year, but despite the increase in offtake, overall silver offt

AUD/NZD drifts lower following the RBA’s widely anticipated 25 bps interest rate cut on Tuesday.The central bank’s acknowledgement of inflation progress keeps the door open for more rate cuts.The latest political turmoil in Australia also weighs on the AUD and contributes to an intraday slide. The A

EUR/GBP is currently at a major support level, suggesting that EUR/USD may be the more favorable long trade. In this week’s market review, Coach discusses the ongoing U.S. Dollar short setup and the bullish outlook on EUR/USD. He also shares his revised short-term perspective on the 10-year yield an

WTI price dropped by about 3% on Thursday due to escalating fears of a global supply surplus.Trump commented, “I think we are getting very close to a deal with Iran. Iran has agreed to the terms.”US EIA reported a substantial crude inventory increase of 3.5 million barrels last week, raising stockpi

Adjusting for seasonality, spending ex. energy grew 0.2% in April compared to March. The increase is, however, erased, when adjusting for April price increases. Y/y growth figures are very high across the board, but that is attributed to Easter falling in April this year, compared to March last year

Federal Reserve Governor Adriana Kugler said that if tariffs prove to be long-lasting, she would focus on how global supply chains are rearranged in response, while she acknowledged that the recent reduction in US-China tariffs was clearly an improvement in bilateral trade relations, though tariff l

USD/JPY fell to the 143.00 region after the Fed held rates steady on Wednesday.Market anticipation of a rate cut in July accelerated after Fed warned of rising economic risks. USD/JPY took a header on Wednesday, falling to 143.00 in intraday trading after the Federal Reserve (Fed) held rates steady

Dollar The dollar spent the week in a quiet mode, but persistent purchases are noticeable on short-term charts. This behaviour is characteristic of large players who gradually pick up the depreciated asset after the downturn, seeking not to move the market at this stage. The rise in US and European

Job growth was stronger than expected in April despite worries over the impact of President Donald Trump's blanket tariffs against U.S. trading partners. Nonfarm payrolls increased a seasonally adjusted 177,000 for the month, slightly below the downwardly revised 185,000 in March but above the Dow J

The S&P is ripping higher, clocking in a six-day surge north of 8%, putting it on pace for its best winning run since Q1 2022. That’s despite a macro minefield littered with crumbling consumer confidence, wobbly labour data, and uncertainty around earnings rollouts from marquee names. Yet trader