Stocks are trading down sharply, after the US CPI data yesterday when numbers above expectations were enough for speculators to sell stocks and buy the USD on hawkish FED projections, with even a 75bp hike Read more…
EUR/USD The pair continues to trade between the support at 1.0482 and the resistance at 1.0580. The range has been going on for two weeks now, with neither side taking the initiative. The market needs Read more…
WTI crude rallies as Russia retaliates by sanctioning European gas companies. A fall below the rising trendline near 106.00 has put the bulls on the defensive. The price has met bids at 98.50 and in Read more…
Bullion steadied after the US CPI receded in April. The price action has found some support at the base of the February bullish breakout. A bullish RSI divergence indicates a slowdown in the downward momentum, Read more…
The Australian dollar struggles as Beijing vows to support its Covid-hit economy. A drop below the psychological level of 0.7000 near this year’s low may have put the Aussie on a bearish trajectory in the Read more…
The alleged design of the Galaxy Z Flip 4. | Image: OnLeaks / 91Mobiles Just hours after we got our first glimpse at the potential design of Samsung’s Z Fold 4, unofficial renders of its Read more…
Markets US headline/core inflation for April came in at 8.3%/6.2% yesterday, defying expectations for a bigger decline from the 40-year highs. Core inflation also showed more signs of broadening and being increasingly persistent. It wasn’t Read more…
US inflation data didn’t print a soft-enough figure to reverse the market selloff. Inflation in the US was 8.3% in April, higher than 8.1% expected by analysts, but happily, less than 8.5% printed a month Read more…
UK GDP contracted -0.1% mom in March, worse than expectation of 0.1% mom growth. That came after no growth in February (revised down from 0.1%). For the month, services dropped -0.2%. Production dropped -0.2%. Construction Read more…
Daily Pivots: (S1) 1.0485; (P) 1.0531 (R1) 1.0560; More… Intraday bias in EUR/USD remains neutral as range trading continues. Further decline is in favor as long as 1.0641 minor resistance holds. Break of 1.0470 will Read more…