Check back for updates throughout the trading day U.S. equity futures edge higher Monday, while Treasury yields and the dollar eased, as investors looked to a key week on Wall Street with a focus on Read more…
Market picture The crypto market has lost 3.3% in the last 24 hours to $2.3 trillion. The last time this level of capitalisation was on 19th April. Most worrying is the reversal of the trend Read more…
The USD/JPY pair is hovering around 155.00 on Monday, having earlier touched a new 34-year peak at 160.00. Market rumours suggest that the Japanese authorities might have intervened in the currency market, although there has Read more…
Eurozone Economic Sentiment Indicator fell from 96.2 to 95.6 in April, below expectation of 96.9. Employment Expectations Indicator fell from 102.5 to 101.8. Economic Uncertainty Indicator fell from 19.3 to 18.8. Eurozone industry confidence fell Read more…
ECB Governing Council member Pierre Wunsch expressed today that he is “very comfortable” with rate cut in June. He also anticipates that at least two rates cuts this year, “barring any bad news”. However, Wunsch Read more…
Despite the fact that today is a holiday in Japan, the foreign exchange market is experiencing extreme volatility — wide candles are forming on the USD/JPY chart, and the rate briefly exceeded the psychological level Read more…
USDJPY cracked psychological 160 barrier and hit new multi-decade high early Monday, with subsequent sharp pullback to 155.00 zone on suspected intervention. Fresh weakness cracked pivotal 155 support area (Friday’s low / 10DMA / Fibo Read more…
USD/JPY extended its rally to hit 159.60 key long-term resistance (also the April 1990 secular swing high). Today’s Asian session’s swift upmove in USD/JPY has led to an increase in its volatility condition which increases Read more…
EURUSD rebounds from a five-month bottom But oscillators suggest that the bears retain control EURUSD came under severe selling pressure in the aftermath of a hotter-than-expected inflation report on April 10, posting a fresh 2024 low of Read more…
US 500 index is edging higher, a tad below the 50-day SMA Bulls are feeling more confident following strong tech earnings Momentum indicators are mixed at this stage The US 500 cash index is trying to Read more…