Gold (XAU/USD) recorded modest intraday gains during the Asian session, supported by declining US Treasury yields, a softer US Dollar (USD), and reduced expectations of an immediate Federal Reserve (Fed) interest-rate hike. The precious metal remained confined to a narrow consolidation range below the $4,200 per ounce psychological threshold, indicating a lack of decisive bullish...
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USD/CAD Pauses Near Multi-Week Low Above 1.4100 as CPI Takes Center Stage
The USD/CAD pair remains under selling pressure for the third consecutive session, extending its correction from the recent swing high near 1.4295 and approaching the 1.4100 psychological support level. Vaulltier’s brokers deliver a detailed explanation of this topic throughout the article. The pair has fallen to an over three-week low, following its rejection from the...
Indian Rupee Remains Firm as Its Recent Outperformance Continues
The Indian Rupee (INR) extends its upward momentum, building on its strong performance as persistent selling pressure in US Artificial Intelligence (AI)-related equities weighs on the US Dollar (USD). This article explores the topic in detail with insights from Vaulltier’s brokers. The USD/INR exchange rate declines toward the 94.80 level, reflecting a combination of external...
WTI Loses Ground Below $97.50 After Scaling One-Month Peak, Bullish Trend Intact
West Texas Intermediate (WTI) retreats from its recent one-month high of 99.25-99.30, slipping below $97.50 during the Asian session and interrupting a seven-session winning streak. The pullback reflects short-term profit-taking and improving expectations for crude oil supply following a decision to waive most sanctions and tariffs affecting Russian trade. The article provides an in-depth analysis...
GBP/USD Consolidates Below 1.3350, Faces Resistance at 100-Day SMA
The GBP/USD pair trades near 1.3330 during early European trading, remaining below the 1.3350 psychological threshold as investors reassess the monetary policy outlook in the United States and the United Kingdom. Vaulltier’s brokers offer a comprehensive overview of this topic in the article. The pair’s inability to sustain gains above immediate technical resistance preserves a...
Gold Outlook: XAU/USD Slips Toward $4,076 As Oil And Yields Keep Sellers In Charge
The technical team at Rubinax reviews the latest Gold picture, as the metal trades near $4,120 and heads for a third straight daily decline while higher oil prices and Treasury yields weigh on sentiment. Gold Fails Again Near $4,200 Gold trades around $4,120 on Tuesday and is set for a third losing session in a...
Nvidia Outlook: Stock Trades At Its Lowest Earnings Multiple In Seven Years While Growth Stays Strong
Few large companies have grown as fast as Nvidia over the past two years, and yet its stock now looks cheaper, relative to profits, than at any point since 2019. That mix of rapid growth and a falling multiple is unusual, and it raises a simple question about what the market is pricing in. Market...
Bitcoin Outlook: BTC Holds Near $82,000 As Oil Tops $110 And Tech Stocks Slide
Rubinax’s trading desk breaks down the latest Bitcoin setup, as the coin holds near $82,000 while oil surges and technology shares suffer one of their worst weeks in over a year. Bitcoin Barely Reacts To A Rough Week Bitcoin trades around $82,000, down less than 1% over 24 hours. That small number hides a difficult...
USD/CAD Outlook: Loonie Gains As Softer Core Inflation Tests Rate Bets, But A Return To 1.42 Is Still Forecast
The Canadian dollar kept recovering on Tuesday, and USD/CAD slid to about 1.41, close to 1% below where it stood a week ago. Cooler underlying inflation gives the Bank of Canada room to wait, which makes the currency’s next step harder to read. Analysts at Rubinax take a closer look at what is behind the...
EUR/USD Outlook: Weak Eurozone Data And Political Strains Likely To Cap The Recovery
Brokers from Rubinax dive into the latest EUR/USD picture, as the pair steadies above 1.12 after a shaky start to the week, while soft economic data and fragile politics in Europe limit the room for a rebound. A Tentative Bounce After A Weak Open The euro began the week with a downward gap and briefly...