Tesla shares moved higher again in early Wednesday trading, extending the stock’s spring and summer surge to around $275 billion, as analysts raced to reset their ratings and price targets on the EV maker following Read more…
Gold picks up steam towards a key resistance region ahead of US Independence day Short-term bias is positive, but an extension above 2,352 is necessary ISM services PMI, ADP employment, FOMC meeting minutes on the Read more…
The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6674 in the European session, up 0.11% on the day. Australian retail sales climb 0.6% Australian consumers have been counting their pennies and reducing Read more…
EURUSD regained traction on Wednesday after moving within wide swings but without direction in past two days. Fresh strength looks for retest of pivotal barriers at 1.0768/71 (55DMA/daily cloud base), which capped Monday’s attack. Technical Read more…
Cable advances for the second consecutive day, underpinned by better than expected UK services PMI (dominant sector of the economy) released earlier today. Fresh bulls cracked psychological 1.2700 barrier and nearby pivotal Fibo resistance at Read more…
Check back for updates throughout the trading day U.S. equity futures extended gains in early Wednesday trading, following on from a record-setting close last night, as investors looked to a pair of labor market data Read more…
AUD/USD has climbed to 0.6676 yet remains in a “sideways” pattern, indicating a lack of clear directional momentum in the market. The Australian dollar’s appreciation is linked to a softening in the US dollar’s stance, Read more…
Eurozone PPI fell -0.2% mom, -4.2% yoy in May, versus expectation of 0.0% mom, -4.1% yoy. For the month, industrial producer prices increased by 0.1% for intermediate goods, 0.1% for capital goods, and 0.1% for Read more…
Gold price rose during early trading on Wednesday, after being stuck within a narrow congestion in past three days. Fresh strength hit the highest in almost two weeks, though the wider picture shows the price Read more…
Market picture The pressure on the crypto has been more sustained than on the stocks. Over the past 24 hours, the total crypto cap has fallen by 2.6%, with most of the downward momentum starting Read more…