US retail sales rose 0.1% mom to USD 703.1B in May, below expectation of 0.3% mom. Ex-auto sales fell -0.1% mom to 569.0B, worse than expectation of 0.2% mom growth. Ex-gasoline sales rose 0.3% mom Read more…
WTI oil futures swiftly recoup June’s lost ground to trade again above 80 Technical signals return to positive area, but there is another barrier nearby Hopes of increased demand in the next quarter caused WTI Read more…
ECB Vice President Luis de Guindos highlighted the critical role of updated macroeconomic projections in shaping interest rate decisions. During an interview with Spanish state broadcaster TVE, Guindos noted, “The projections are updated every three Read more…
The world’s biggest money managers are plowing cash into the U.S. stock market as American companies continue to outperform their global peers and investors see more record highs over the second half of the year. Read more…
The British pound has edged lower on Tuesday. GBP/USD is trading at 1.2683 in the European session at the time of writing, down 0.16% on the day. There are no UK events on Tuesday, while Read more…
The Reserve Bank of Australia kept its key rate at a 12-year high of 4.35%. The market widely expected the decision, so it did not cause a spike in volatility. However, we note that the Read more…
The dollar index rose on Tuesday, keeping overall positive sentiment, driven by expectations for Fed rate cut in November and recent political turmoil in the Europe, which deflated Euro. Traders look for fresh signals about Read more…
In the Daily Timeframe, EURCHF started to decline after a bullish trend and reached 61.8 Fibonacci and the trend line. Despite the strong bearish sentiment, the RSI indicates oversold. If the price breaks the trend Read more…
Check back for updates throughout the trading day U.S. equity futures nudged higher Tuesday, following on from another record high close for the S&P 500, as investors looked to a busy slate of data and Read more…
The commodity market was adjusted moderately on Tuesday morning after the price of Brent crude oil rose by 2% the day before. A barrel of the North Sea variety is at about 84 USD. The Read more…