The market switched from inflation fears to panic mode regarding growth. Yields moved aggressively lower as a result. Take a read below to find out more Dollar Index (DXY): With lighter volumes due to the Read more…
Brent crude oil is trading 14% below the highs set on June 9, showing declines almost every day since then. The sharp decline, more than 3.5% on Tuesday, has secured a break of the 50-day Read more…
Bitcoin rose 2.9% in the past 24 hours to $20.9K. Ethereum added 5.5% to $1140, while the top 10 altcoins growth ranged from 1.1% (Doge) to 11.5% (XRP). Total crypto market capitalisation, according to CoinMarketCap, Read more…
Cable trades in a quiet and narrow-range mode in European session on Friday, with directionless action (long-legged Doji candles in past two days) extending into fourth consecutive day. Friday’s action remained unchanged on negative news Read more…
UK retail sales decline again The pound has edged higher today, shrugging off soft UK releases. Retail sales for May fell 0.5%, and declined 4.7% YoY, below the estimate of -4.5% (-5.7% prior). It was Read more…
The Japanese yen is almost unchanged on Friday, trading at the 135.00 line. Lower US yields boost yen The Japanese yen showed some strength yesterday, gaining around 1% against the dollar. The yen’s improvement was Read more…
Stocks are set for their best week in a month as investor ride a so-called ‘relief rally’ while re-setting other market prices for a near-term recession. U.S. equity futures moved higher again Friday, setting up Read more…
The Fed’s clean bill of health will allow the biggest U.S. banks to boost dividends and share buybacks over the coming year. Wells Fargo (WFC) – Get Wells Fargo & Company Report, JPMorgan (JPM) – Read more…
Stock futures higher but growth concerns linger; U.S. banks pass Fed stress tests, paving way for dividend boost; FedEx shares jump after Q4 earnings beat, solid 2023 outlook; Gas prices slide as White House meets Read more…
Germany Ifo business climate dropped slightly from 93.0 to 92.3 in June, below expectation of 92.9. Current assessment index dropped from 99.6 to 99.3, above expectation of 99.0. Expectations index dropped 86.9 to 85.8, below Read more…