EURJPY is consolidating around the 135.00 handle after its recent pullback and has found its feet around the 134.44 level, which is the 23.6% Fibonacci retracement of the one-month rally from 124.38 until the 6½-year Read more…
Stock futures edge lower as traders test ‘bear market’ rally; Oil prices resume surge as Russian sanctions talk intensifies; Twitter shares extend surge as Musk wades in to ‘edit button’ debate; Tesla shares slip as Read more…
As interest rates, inflation and war in Europe prey on investors minds, here’s a look at stocks Real Money and TheStreet columnists and writers are watching closely this week. With the start of the second Read more…
UK PMI Services was finalized at 62.6 in March, up from February’s 60.5. Rate of expansion was the second strongest since May 1997, exceeded only by the post-lockdown recovery in May 2021. PMI composite was Read more…
Eurozone PMI Services was finalized at 55.6 in March, up from February 55.5, hitting a 4-month high. However, PMI Composite was finalized at 54.9, down from prior month’s 55.5. Looking at some member states, Ireland Read more…
GBPUSD is developing near the 20-day simple moving average (SMA) and below the significant barrier of the 23.6% Fibonacci retracement level of the down leg from 1.3750 to 1.3000 at 1.3175. Over the last month, Read more…
The Reserve Bank Board has abandoned its patient approach to policy and given itself sufficient flexibility to raise rates as early as June. This decision will depend on the data over the next two months. Read more…
The AUDUSD has surged to a 9-month high at .7639 (1.15%), following a more hawkish RBA meeting and a lift in the commodity complex overnight. At its meeting this afternoon the RBA kept rates on Read more…
AUD is one of the strongest across the board after recent RBA comments, who want to see more indications that wage growth has significantly picked before moving to tighten policy. So, the potential date for Read more…
A sense of caution has taken hold of financial markets as investors evaluate the prospects of more sanctions on Russia for the alleged destruction in Bucha, a town on the outskirts of Ukraine’s capital. Asian Read more…