July 6, 2026 6:06 am
Key Moments Gold (XAU/USD) retreats from above $4,200 after a three-day advance, as safe-haven demand lifts the US Dollar amid Strait of Hormuz tensions. Reduced expectations for further Federal Reserve rate hikes and ongoing central bank purchases help cushion downside in the Gold price. Technical signals on the 4-hour chart continue to favor buyers, with […]
Read moreJuly 3, 2026 1:52 pm
Key Moments Spot gold climbed 1.1% to $4,170.99 an ounce, putting it on course for its first weekly advance in five weeks. Weaker-than-expected U.S. nonfarm payrolls data eased expectations of a Federal Reserve rate hike and pressured the U.S. dollar. OCBC cut its gold and silver price forecasts this week, even as analysts turned “cautiously […]
Read moreJuly 3, 2026 1:08 pm
Key Moments LME aluminum three-month price moved down toward $3,000/t as the earlier geopolitical risk premium was unwound. Emirates Global Aluminium reported that about 7% of production pots at the Al Taweelah smelter have been restarted. The restart progress supported expectations that Gulf-related supply disruptions are temporary and that lost output will return over time. […]
Read moreJuly 3, 2026 9:34 am
Key Moments WTI briefly climbed toward $69.25 before attracting new selling interest and slipping back toward the mid-$68.00s. Prices remain below the 200-day Simple Moving Average and the 61.8% Fibonacci retracement of the December 2025-March 2026 advance, preserving a bearish near-term structure. The Relative Strength Index hovers around 29 in oversold territory, while the MACD […]
Read moreJuly 3, 2026 8:59 am
Key Moments Asian-listed suppliers to Apple (NASDAQ:AAPL) rose after a report indicated higher production plans for upcoming iPhone models. Apple reportedly asked partners to gear up for about 10 million foldable iPhones this year, above an earlier 7 million to 8 million unit projection. Chipmakers Samsung Electronics (KS:005930) and SK Hynix Inc (KS:000660) rallied 7% […]
Read moreJuly 3, 2026 7:38 am
Key Moments USD/INR trades near 95.26 as the Rupee opens slightly stronger amid broad U.S. Dollar weakness following June Nonfarm Payrolls data. U.S. NFP came in at 57K versus a consensus of 110K, while the Unemployment Rate slipped to 4.2%, prompting a reassessment of hawkish Fed bets. MCX crude oil for July 20 expiry has […]
Read moreJuly 3, 2026 6:23 am
Key Moments NZD/USD traded around 0.5705 in Asian hours on Friday, holding firm above the 0.5700 level. China’s June Services PMI eased to 54.1 from 54.4 in May but still signaled the third-strongest expansion in nearly three years. ASB Bank now expects the RBNZ to keep the OCR unchanged in July and deliver 25-basis-point hikes […]
Read moreJuly 3, 2026 6:14 am
Key Moments AUD/USD traded higher for a second consecutive session, hovering near 0.6930 after an earlier dip toward 0.6910. China’s RatingDog Services PMI eased to 54.1 in June from 54.4, but remained in expansion territory, lending support to the AUD. Weak U.S. labor data tempered expectations for future Fed rate hikes, though geopolitical tensions limited […]
Read moreJuly 3, 2026 5:58 am
Key Moments USD/JPY retreated from the 161.50 area and traded near 161.00, extending a two-day pullback from its highest level since 1986. Softer June U.S. Nonfarm Payrolls and a revision lower to the prior month’s data curbed enthusiasm for further Federal Reserve rate hikes. Reports of a shift in Japan’s intervention tactics and elevated geopolitical […]
Read moreJuly 2, 2026 2:30 pm
Key Moments Goldman Sachs lowered SkyWest’s rating to Neutral from Buy and reduced its price target to $108 from $126. Analysts now project 2026 block hour growth of 3.0%, down from a prior estimate of 3.5%, reflecting weaker partner capacity expansion. Despite the downgrade on SkyWest, Goldman raised third-quarter and fourth-quarter 2026 industry net income […]
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