Markets enter the new week balancing two major uncertainties: whether a proposed US-Iran ceasefire extension can evolve into a formal agreement, and whether incoming economic data will push the Federal Reserve closer toward another rate Read more…
Key Highlights EUR/USD started a recovery wave and tested the 1.1675 resistance. An expanding triangle is forming with resistance at 1.1675 on the 4-hour chart. GBP/USD is still struggling to clear the 1.3550 resistance zone. Read more…
Japan’s manufacturing sector delivered another strong performance in May, with PMI Manufacturing finalized at 54.4, slightly down from April’s 55.1. The latest reading signaled a fifth straight month of improving business conditions as both output Read more…
China’s latest PMI surveys suggest the economy navigated the second quarter with a growing split between domestic and external demand. Manufacturing activity slowed in May while services improved, indicating that consumer spending at home is Read more…
The shorter trading week, due to U.K. and U.S. holidays, had no major economic releases, but the data that did come out was mixed. U.S. GDP was weaker than expected, while durable goods orders were Read more…
AUDUSD: ⬆️ Buy AUDUSD reversed from support area Likely to rise to resistance level 0.7265 AUDUSD currency pair recently reversed from the support area between the key support level 0.7100 (which has been reversing the Read more…
WTI crude oil: ⬇️ Sell WTI crude broke support area Likely to fall to support level 80.00 WTI crude oil recently broke the support area between the support level 87.15 (low of the previous correction Read more…
Cathie Wood has never been shy about making big bets on names that most of Wall Street hasn’t fully figured out yet. According to data from StockCircle: Wood’s firm, ARK Invest, first bought Roku back Read more…
Markets have a strange way of staying calm right up until the moment they can no longer. Traders can watch the same warning lights blink for weeks, shrug, and keep pricing the world as if Read more…
