Check back for updates throughout the trading day U.S. equity futures slumped in early Wednesday trading, while the dollar retreated and Treasury yields rallied, as investors reacted to presidential front-runner Donald Trump’s Taiwan-related comments that Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. It’s officially day 2 of Amazon Prime Day 2024, and if you’re Read more…
Gold hit new record high early Wednesday ($2482), following acceleration through former top on Tuesday (metal was up 1.9% for the day, the biggest daily gain since Dec 13). Break above previous all-time high ($2450) Read more…
As the XAU/USD chart shows, on 16th July, the gold price rose above $2460 for the first time in history. The bullish sentiment is driven by: → Anticipation of Fed rate cuts, as the appeal Read more…
Eurozone CPI was finalized at 2.5% yoy in June, down from May’s 2.6% yoy. CPI core (ex-energy, food, alcohol & tobacco) was finalized at 2.9% yoy, unchanged from prior month’s reading. The highest contribution to Read more…
GBPUSD jumps to fresh 1-year high after UK CPI surprises slightly higher Technical indicators point to overbought conditions following steep rally UK employment figures next on the agenda due on Thursday 06:00 GMT The UK Read more…
EURGBP drops to the lowest level since August 2022 Political unrest and weaker economic data keep the euro under pressure Momentum indicators could point to a reversal soon EURGBP is hovering around the lowest level Read more…
AUD/USD is attempting a fresh increase from the 0.6715 support. NZD/USD is also rising and could target the 0.6090 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support at 0.6715 Read more…
Markets Consensus-beating June US retail sales only temporary interfered with reigning market momentum. Core retail sales rose by 0.8% M/M (& 0.9% M/M for retail sales control group) in what for now remains more of Read more…
Daily Pivots: (S1) 0.8395; (P) 0.8403; (R1) 0.8408; More…. Immediate focus in on 0.8390 temporary low in EUR/GBP. Firm break there will resume larger down trend and target 61.8% projection of 0.8619 to 0.8396 from Read more…