Key takeaways Technology stocks remain under pressure as the AI trade undergoes a valuation reset. Semiconductor shares led another volatile session, with investors rotating capital away from existing tech winners amid concerns over stretched valuations Read more…
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Gold’s selloff accelerated again as fresh headlines from the Middle East suggest the US and Iran are moving further away from a peace deal rather than closer to one. With the Strait of Hormuz still Read more…
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…