As the market transitions into US session, Australian Dollar maintains its position as the strongest currency of the day. While no significant economic data is expected from the US or Canada, the focus shifts to Read more…
Stock futures rose on Monday after a softer-than expected April jobs report on Friday prompted hopes that inflation might ease and the Federal Reserve might cut interest rates. At last check futures on the Dow Read more…
AUDUSD keeps firm tone on Monday, despite Friday’s spike and subsequent pullback, though with initial warning that traders may opt for a partial profit taking after strong rally in past two days, when the pair Read more…
Stagflation risk is still lingering as indicated by the latest April US ISM Manufacturing and Services PMI data. A not fully priced-in stagflation risk scenario may support another bullish impulsive upmove sequence for Gold (XAU/USD). Read more…
The Australian dollar has started the week with modest gains. AUD/USD is up 0.25%, trading at 0.6624 in the European session at the time of writing. The Aussie is coming off a strong week, having Read more…
Eurozone PPI fell -0.4% mom, -7.8% yoy in March. For the month, industrial producer prices increased by 0.1% for intermediate goods, 0.1% for capital goods, 0.1% for durable consumer goods, and 0.4% for non-durable consumer Read more…
Eurozone Sentix Investor Confidence rose from -5.9 to -3.6 in May, above expectation of -4.8. This marks the seventh consecutive increase and the highest level since February 2022. Additionally, Current Situation Index climbed from -16.3 Read more…
Eurozone’s PMI services index was finalized at to 53.3 in April, marking a notable improvement from March’s 51.5. PMI Composite was finalized at 51.7, up from the previous month’s 50.3 Both reached the highest levels Read more…
Crypto market capitalisation has been up 2% over the past seven days and has added over 13% from the lows of the 1st of May. A timid bottom formation on Wednesday was followed by a Read more…
Markets US data on Friday (almost) perfectly fitted the dovish post-Fed market momentum. After several consensus-beating monthly releases, the US economy in April ‘only’ added 175k jobs, the slowest growth in six months. US wage Read more…