Key Highlights USD/JPY started a decent upward move above 157.20. A key rising channel is forming with support at 157.65 on the 4-hour chart. EUR/USD could extend losses if it settles below 1.1650. GBP/USD corrected Read more…
Japan’s wholesale inflation accelerated sharply in April, adding to expectations that the Bank of Japan could move toward another rate hike as early as June. The Corporate Goods Price Index rose 4.9% yoy, accelerating from Read more…
New Zealand’s manufacturing sector lost significant momentum in April, with the BusinessNZ Performance of Manufacturing Index falling from 52.8 to 50.5, only marginally above the breakeven 50 level that separates expansion from contraction. The details Read more…
Federal Reserve Governor Michael Barr warned Thursday that efforts to shrink the Fed’s balance sheet by easing bank liquidity requirements would be misguided and could ultimately weaken financial stability. Speaking in New York, Barr pushed Read more…
Toyota Motor (TM) and Tesla (TSLA) are generally seen as rivals in the global auto business. Toyota is the manufacturing powerhouse, selling more than 11 million automobiles a year in almost every major market. Tesla Read more…
New York Fed President John Williams signaled Thursday that he remains comfortable keeping interest rates unchanged for now, arguing that policymakers are still waiting to see how inflation pressures tied to the Middle East conflict Read more…
US stock benchmarks explode to new highs in today’s session. Nasdaq and S&P 500 print fresh records, while the Dow Jones gets back above 50,000. Exploring technical levels for the Dow Jones, Nasdaq and S&P Read more…
Nasdaq-100: ⬆️ Buy Nasdaq-100 reversed from support level 29000.00 Likely to rise to resistance level 30000.00 Nasdaq-100 index recently reversed up from the support level 29000.00 (which started the active minor impulse wave iii). The Read more…
Current mortgage rates are essentially flat. Fixed rates ticked down by just one basis point this week, according to Freddie Mac, putting the 30-year fixed mortgage rate at 6.36% and the 15-year rate at 5.71%. Read more…
