Stock futures leap amid earnings boost, treasury yield pullback; Tesla shares surge after powerful Q1 earnings beat, upbeat outlook from Elon Musk; United Airlines shares soar after forecasting record Q2 revenues amid travel demand surge; Read more…
AUDUSD is confronting the mid-Bollinger band at 0.7466 after unearthing fresh positive traction off the rising 50-day simple moving average (SMA), which appears to have rescued the minor twelve-week uptrend that evolved from the 0.6963-0.6994 Read more…
Eurozone CPI was finalized at 7.4% yoy in March, up from February’s 5.9% yoy. The highest contribution to the annual euro area inflation rate came from energy (+4.36%), followed by services (+1.12%), food, alcohol & Read more…
Recovery from new two-year low extends into third straight day and pressuring pivotal Fibo barrier at 1.0920 (38.2% of 1.1184/1.0757 bear-leg, reinforced by 20DMA). Wednesday’s close above 10DMA (1.0845) generated initial bullish signal which looks Read more…
ECB Vice President Luis de Guindos said in an interview, the consequences of invasion of Ukraine are “quite clear”, as higher inflation and lower growth. That should be reflected in in June outlook. He sees Read more…
ECB Governing Council member Pierre Wunsch said, “without any really bad news coming from that front, hiking by the end of this year to zero or slightly positive territory for me would be a no Read more…
GBPJPY eased off after its exciting rally paused at a new six-year high of 168.41 on Wednesday, but the price continued to trade around its recent highs early on Thursday, feeding optimism that the bull Read more…
Despite another strong inflation report for New Zealand, it was below expectations which leaves traders questioning when (and by how much) RBNZ’s next hike will be. Headline inflation rose 6.9% y/y (up from 5.8% prior Read more…
Markets Economic data during yesterday’s trading day was limited to US housing data (see below). The Fed’s Beige Book held all the anecdotical evidence one could have expected: a tight labour market and strong inflationary Read more…
EUR/USD The bears managed to limit the recovery of the single European currency against the U.S. dollar to around the resistance level at 1.0850. The subsequent sell-off is possible to deepen further, with the first Read more…