US stocks erased earlier gains after the Bureau of Labor Statistics published high inflation data. The Dow Jones fell by 156 points after rising by over 200 points earlier. The tech-heavy Nasdaq 100 index retreated by over 90 points while the CBOE VIX rebounded by over 1%. Data showed that the headline consumer inflation rose […]
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Daily Pivots: (S1) 212.28; (P) 212.75; (R1) 213.09; More… Intraday bias in GBP/JPY remains mildly on the downside at this point. Rebound from 207.20 should have completed with three waves up to 213.28. Deeper fall Read more…
The week started on a now-usual pattern, with oil prices pushing higher at the open and retracing part of their gains as investors digested the latest news from the Middle East. The major developments include Read more…
In focus today Today, focus continues to be on tensions in the Middle East and its impact on energy markets. Trump stated on Friday that the US will be hitting Iran “very hard over the Read more…