The US 30 stock index (Cash) has been driven back down to the vicinity of its recently recorded 14-month low of 31,224 by the restricting Ichimoku cloud and the descending 100-period simple moving average (SMA). Read more…
The US 100 stock index (cash) was smashed by worrying earnings from US retailers on Wednesday, but the big-fat sell-off was not strong enough to close below 11,874 for the second time this month. Sellers Read more…
American shares declined sharply as investors focused on the rising risks of inflation on corporate profits. The main catalyst for the sell-off was the latest earnings by Walmart and Target, two of the biggest retailers Read more…
Unemployment falls to record low The Australian dollar has rebounded on Thursday. AUD/USD is trading at 0.6980 in the European session, up 0.38% on the day. Australia’s April employment report was a further confirmation that Read more…
EUR/USD The bullish momentum faded and the euro lost some ground against the dollar during yesterday’s session. The pair tested the support zone at 1.0482, and during the early hours of today`s trading, the EUR/USDis Read more…
The complaint centers on alleged anti-union activity in Apple’s World Trade Center store. | Image: Apple Apple has been accused of union-busting at its flagship World Trade Center store in New York City. According to Read more…
On Wednesday, Bitcoin was down 3%, ending the day around $29,200, remaining near that mark on Thursday morning. Ethereum lost 4.3%. Other altcoins in the top 10 fell from 1.8% (BNB) to 9.8% (Cardano). The Read more…
AUDUSD could not find enough buyers to overcome the 0.7050 resistance level, with the spotlight remaining to the downside as the steep negative bias is still holding. Encouragingly, however, the RSI and the MACD continue Read more…
Concerns that the US is headed for stagflation weighed on sentiment yesterday, which has placed AUD/JPY back onto our bearish watchlist. A combination of weak earnings and housing data fanned concerns of stagflation in the Read more…
Markets A heavy selling wave on US stock markets eventually reversed intraday weakness on core bond markets while granting the dollar a push in the back. Main US indices ceded 3.6% (Dow) to 4.7% (Nasdaq). Read more…