Stock futures tumble as recession alarm flashes red; Week Ahead: Fed decision in focus as inflation surges; Tesla seeking approval for 3-for-1 stock split; Gas prices top $5 a gallon; Biden readies Saudi Arabia visit Read more…
Cable dips to one-month low in early Monday, in extension of Friday’s post-US CPI 1.4% drop. Risk aversion dominates at the start of the week and deflates sterling, while dollar was boosted by continuous rise Read more…
Bitcoin is losing for the seventh consecutive day, at one point on Monday morning, falling below $25K. The loss in seven days of selling is approaching 18%, bringing the rate to its lowest since December Read more…
The FTSE 100 tumbles as risk appetite recedes amid growth concerns. On the daily chart, the index has met stiff selling pressure at the double top (7650). A fall below 7520 has triggered a round Read more…
The Canadian dollar struggles against its US counterpart over red-hot US inflation. A break above the supply zone around 1.2680 has put the greenback on a reversal course. A combination of short-covering and momentum buying Read more…
The US dollar surged after May’s inflation beat expectations. The previous rebound’s failure to clear the supply area around 1.0760 indicates that the path of least resistance is down. A sharp drop below 1.0640 and Read more…
A month after the collapse of the UST and Luna coins, the crypto sphere is in the grip of another big shock. A month after the dramatic collapse of sister tokens UST or TerraUSD and Read more…
EURUSD is extending its slide for a third straight day on Monday, dropping below the 1.0485 level, which acted as an important support barrier in late April/early May. The price has currently steadied near this Read more…
EUR/USD Since the beginning of the trading session, the bears continue to gain positions, and at the time of writing the analysis, the currency pair is facing a test of the support zone at 1.0482. Read more…
Markets End last week it was confirmed that inflation remains the top concern, for markets and for central banks. On Thursday, the ECB admitted that price rises have become uncomfortably high, signaling a catching up Read more…