Fundamental Analysis

Currency Futures Surge as Dollar Falters with Inflation Data

Currency futures rose on Friday on dollar weakness as soft consumer inflation figures overshadowed an increase in wholesale inflation. Investors focused on the higher likelihood of a Fed rate cut in September. US producer prices (Source: US Bureau of Labor Statistics) On Friday, the US Producer Price Index report revealed that inflation increased by 0.2% Read More…

Crude Oil Futures
Fundamental Analysis

US Crude Inventory Drop Drives Oil Prices Higher

Oil prices rose on Wednesday due to a larger-than-expected fall in US crude inventories last week. Meanwhile, investors were positioning themselves for the US inflation report after Powell’s cautious remarks. Data from the Energy and Information Administration on Wednesday showed that US inventories dropped by 3.4 million barrels. Meanwhile, economists had expected a 1.3 million Read More…

gold technical analysis futures oneup trader funded trader program
Fundamental Analysis

Gold Price Crawls Higher Despite Powell’s Cautious Tone

Gold prices edged higher on Tuesday despite a surge in the dollar and Treasury yields after Fed Chair Powell’s hawkish speech. Meanwhile, investors were preparing for the US inflation report coming on Thursday for clues on Fed rate cuts. Gold (Source: Bloomberg) Last week, gold reached the highest level since May as the US nonfarm Read More…