Articles by: Brian McColl

Gold Slips Below $5,100 as Strong Dollar Weighs

Key Moments XAU/USD traded back under $5,100 after giving up part of its earlier advance during Friday’s European session. Read more

Iran-Linked Media Flags Big Tech Sites as Regional Targets

Key Moments Tasnim, a news agency tied to Iran’s IRGC, listed around 30 Amazon, Microsoft, Google, Oracle, NVIDIA, IBM, and Palantir sites in the Middle East as “new targets in the region.” Two Amazon data centers in the UAE were hit on March 1, while a third in Bahrain was damaged by falling debris from […] Read more

Gold Holds Tight Range as Mideast Tensions Offset Dollar

Key Moments XAU/USD was last seen around $5,170, recovering from an intraday low near $5,125 while remaining broadly flat on Thursday. The US-Iran war has supported safe-haven demand for Gold, but Oil-driven inflation concerns and a firm US Dollar have limited upside. Technically, Gold continues to move sideways within the $5,000-$5,250 range, with key support […] Read more

Commerzbank Advises Hold on Turkish Rates as Lira Weakens

Key Moments Commerzbank’s Tatha Ghose expects the Central Bank of Turkey to leave its policy rate unchanged at today’s meeting, describing the move as a tactical pause. The bank continues to view recent rate cuts as “unjustified and dangerous for asset prices” amid entrenched inflation and a deteriorating current account. A continued, controlled depreciation path […] Read more

Bitcoin Steady Near $70K as Oil Rally Stokes Inflation

Key Moments Bitcoin traded 0.7% lower at $69,454 by 02:14 ET (06:14 GMT), dipping below the $70,000 level but remaining broadly supported. Brent crude climbed back above $100 per barrel after earlier touching near $120, reviving worries about renewed inflation pressures. Altcoins were mostly subdued, with Ethereum marginally higher and XRP, Solana, and Dogecoin edging […] Read more

Sterling Slips as GBP/USD Breaks Key Short-Term Averages

Key Moments GBP/USD has traded around 1.3380 during early European hours on Thursday, marking a third consecutive session of losses. The pair faces initial resistance at the nine-day EMA near 1.3414 while primary support is seen at the three-month low of 1.3253. The 14-day RSI remains just below 40, reinforcing a bearish bias without signaling […] Read more

USD/JPY Rally Extends as Traders Eye Key Resistance

Key Moments USD/JPY has surged to just below 159.00, buoyed by higher U.S. yields, with intraday attention on resistance at 159.45. UOB strategists flag deeply overbought conditions, noting that 158.55 and 158.75 serve as nearby supports for the pair. On a multi-week to multi-month horizon, a sustained move above 159.45 could refocus markets on 160.00, […] Read more

PBOC Lifts Daily Yuan Fix as Central Parity Rate Edges Higher

Key Moments The People’s Bank of China (PBOC) set Thursday’s USD/CNY central parity rate at 6.8959. The new fixing compared with the previous session’s reference rate of 6.8917. The latest fixing contrasted with a Reuters estimate of 6.8853 for the session. Updated Central Parity Rate for USD/CNY The People’s Bank of China (PBOC) established the […] Read more

Nebius Shares Surge After Nvidia’s $2B AI Cloud Deal

Key Moments Nebius Group N.V. (NASDAQ:NBIS) climbed 10% on Wednesday morning following NVIDIA’s $2 billion investment announcement. The strategic partnership targets hyperscale AI cloud infrastructure, with Nebius planning to deploy more than 5 gigawatts of capacity by the end of 2030. NVIDIA’s move comes amid ongoing scrutiny of its circular financing practices involving investments in […] Read more

Barclays Lifts Nike Rating and Raises Price Target

Key Moments Nike Inc. (NYSE:NKE) shares rose 2% after Barclays upgraded the stock to Overweight from Equalweight. Barclays increased its price target on Nike to $73 from $64, citing operational progress and early financial inflections. The bank believes investor pessimism has peaked even as Nike continues to work through regional reset risks. Barclays Turns More […] Read more