The stock market has been on a tremendous run, one that may simply be too good to last. Bank of America analysts agree, with Wall Street still heavily reliant on the turbulent AI trade. BofA Read more…
China’s consumer inflation remained steady in May even as producer price pressures continued to build. CPI held unchanged at 1.2% yoy, falling slightly short of expectations for a 1.3% yoy increase, while core CPI edged Read more…
Japan’s producer prices accelerated sharply in May, with PPI rising from 5.3% yoy to 6.3% yoy, well above expectations of 5.5% yoy and marking the fastest annual increase since March 2023. On a monthly basis, Read more…
Middle East tensions keep inflation risks elevated. Fed hike fully priced in by year end amid strong NFP report. US CPI data on Wednesday (12:30 GMT) to enter the spotlight. Further acceleration in inflation could Read more…
Key Highlights Gold started a fresh decline below the $4,400 support. A major bearish trend line is forming with resistance at $4,480 on the 4-hour chart. WTI Crude Oil extended losses and traded below $92. Read more…
USDJPY remains firm and holds above 160 level for the third consecutive day, despite repeated warnings from Japan’s officials about intervention. Growing speculations about Fed rate hike this year continue to underpin the dollar that Read more…
Platinum: ⬇️ Sell – Platinum broke key support level 1835.00 – Likely to fall to support level 1660.00 Platinum recently broke the support zone between the key support level 1835.00 (which has been reversing the price from Read more…
EURAUD: ⬆️ Buy – EURAUD broke resistance zone – Likely to rise to resistance level 1.6600 EURAUD currency pair recently broke the resistance zone between the resistance level 1.6360 (which has been reversing the price from Read more…
Broadcom (AVGO) just posted the kind of quarter most chipmakers can only dream about. Record revenue, AI sales up triple digits, and a growing roster of marquee customers. Then the stock fell. Shares of Broadcom Read more…
SpaceX is preparing for one of the most anticipated public market debuts in history. Elon Musk‘s aerospace and satellite company is expected to begin trading on the Nasdaq on June 12 with a valuation near Read more…