FedEx shares powered higher in early Wednesday trading as a host of Wall Street analysts rushed to overhaul their price targets on the world’s second-largest package delivery company following its better-than-expected fourth quarter earnings report. Read more…
Gold has been under moderate pressure since last Friday, when the price reversed sharply from above $2360. This is an important signal from the bears that they retain control of the market, forming a trend Read more…
Market picture Crypto market capitalisation added 1.2%, recovering to Monday’s levels of $2.28 trillion. On 25 June, the Crypto Fear and Greed Index fell into “fear” territory at 30 points, the lowest since September 2023. Read more…
Check back for updates throughout the trading day U.S. equity futures traded mixed again Wednesday, while Treasury yields and the dollar nudged higher, as investors focused on the strength of a tech sector rebound while Read more…
In an interview today, ECB Governing Council member Olli Rehn indicated that market data suggests the likelihood of two additional rate cuts, bringing the rate to 3.25% by the end of the year. He also Read more…
Australia’s monthly CPI has increased to 4% from 3.7% in April, a sign of a sticky and elevated consumer inflationary trend. The odds of an RBA interest rate in the near-term horizon have reduced which Read more…
Australian dollar surged 0.9% vs Kiwi dollar in Wednesday’s morning, lifted by fresh hawkish signals that the RBA may opt for a rate hike next month, after Australia’s inflation rose above expectations and hit new Read more…
USDJPY trades with weak momentum slightly below critical 160 level Overbought conditions detected; sellers wait below 158.35-159.00 BoJ intervention is possible; US core PCE inflation due on Friday at 12:30 GMT Following a constructive week, Read more…
Daily Pivots: (S1) 1.0689; (P) 1.0716; (R1) 1.0742; More…. Intraday bias in EUR/USD remains neutral and outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective Read more…
Daily Pivots: (S1) 1.2666; (P) 1.2685; (R1) 1.2704; More… Intraday bias remains neutral for the moment, and further decline is expected in GBP/USD as long as 1.2739 resistance holds. Break of 1.2622, and sustained trading Read more…