Commodities
Silver price (XAG/USD) remains flat after registering 5.18% losses in the previous day, hovering around $73.70 per troy ounce during the Asian hours on Wednesday.
Forex
The EUR/USD pair trades vulnerably near the two-month low of 1.1596, posted on Tuesday, during the Asian trading session on Wednesday.
Commodities
Global markets remained under pressure as surging bond yields pushed the US 30-year Treasury yield toward the key 5.20% level, its highest since 2007. Rising inflation fears and growing expectations of future Federal Reserve rate hikes weighed heavily on technology stocks ahead of Nvidia’s highly anticipated earnings release.
Commodities
Silver (XAG/USD) attracts fresh sellers following a modest Asian session uptick to the $75.00 neighborhood and retreats to the lower end of the daily range in the last hour.
Forex
The NZD/USD pair falls toward the 0.5830 region on Wednesday as the United States (US) Dollar (USD) strengthens following upbeat labor-market data and renewed tensions linked to Iran.
Forex
USD/JPY rally extends for the seventh straight day, up 0.10% to a 12-day high of 159.25, despite growing fears of Japanese authorities intervening in FX markets. At the time of writing, the pair trades near 159.00.
Commodities
XAU/USD, XAG/USD Outlook: Gold and Silver gains melt away as the "Warsh trade" accelerates a violent repricing in fixed income. With rising risk-free yields weighing heavily on non-yielding commodities, explore critical intraday technical levels and the breakdown outlook for gold and silver.
Indices
S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: US stock markets face a critical inflection point as the relentless tech-led rally stalls and major benchmarks break below their ascending channels. With a sharp spike in bond yields and impending balance sheet reductions under incoming Fed Chair Kevin Warsh weighing on growth assets, explore an intraday technical analysis of the Dow, Nasdaq, and S&P 500.
Forex Market update: The US Dollar rallies sharply against major currencies ahead of newly confirmed Fed Chair Kevin Warsh's upcoming swearing-in ceremony. Driven by widening yield gaps, sticky inflation, and expectations of a leaner central bank balance sheet, explore critical technical targets for the DXY, EUR/USD, and GBP/USD.
West Texas Intermediate (WTI), futures on NYMEX, is up 0.7% higher to near $102.75 during the European trading session on Tuesday.
