Cooling inflation, softer yields and a weaker dollar are steadily improving gold's macro backdrop.
Intel posted another strong quarter on AI demand, but fears over its ability to scale, competition and broader chip industry threats are testing the stock's upside prospects.
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Oil, the dollar, gold and equities are approaching key levels as rates and geopolitics shape the next cross-asset move.
The Australian central bank kept rates at 4.35% and lowered its inflation forecasts, weighing on the pair, but does not see inflation returning to the target range this year and kept the door open to more hikes.
Middle East hopes and structural demand drivers are fuelling an XAG/USD recovery, but technical and macro risks linger.
The tech-heavy index is on track for new records fuelled by the AI boom, but a negative market reaction to the latest AI earnings weighs today.
Oil, the USDOLLAR, XAUUSD and JPN225 are nearing decisive levels that could reveal the market’s next major conviction trade.
The critical mineral is on track for new record highs on structural demand and regional tightness, but geopolitical risks and consumption headwinds linger.
UKOil remains bearish below $86 as easing Iran tensions strip out geopolitical risk.
USD/JPY extends its decline after the two countries took joint action to stem yen weakness and volatility, but structural tailwinds persist.
UKOil tests critical support as uneven Hormuz flows erode the supply premium.
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