Daily Pivots: (S1) 0.7146; (P) 0.7172; (R1) 0.7210; More… AUD/USD’s rally resumed after brief consolidations and intraday bias is back on the upside. Next target is 61.8% projection of 0.6420 to 0.7187 from 0.6832 at 0.7306. On the downside, below 0.7177 minor support will turn intraday bias neutral again. But outlook will remain bullish as […]
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UK retail sales contracted sharply in April, reinforcing signs that household demand is weakening as higher living costs and economic uncertainty continue weighing on consumers. Retail sales volumes fell -1.3% mom, much worse than expectations Read more…
Germany’s GfK Consumer Climate index improved from -33.1 to -29.8 heading into June, signaling that household sentiment may be stabilizing after months of deterioration, though confidence remains deeply negative overall. The improvement was supported primarily Read more…
Morgan Stanley is staying bullish on Spotify (SPOT), reiterating an overweight rating and a $590 price target, implying more than 30% upside from current levels. The firm’s note, titled “Investor Day Preview: Don’t Stop Believing,” Read more…