PCE REPORT KEY POINTS: April U.S. consumer spending surges 0.8%, well above expectations calling for a 0.4% increase Core PCE clocks rises 0.4% on a monthly basis, up 4.7% in the last 12 months, one-tenth of a percent above forecasts in both cases Gold prices turn lower as sticky inflation reinforces arguments for additional Fed …
US Dollar Perks Up While Gold Turns Lower Following Strong Core PCE Data Read More »
EUR/USD FORECAST EUR/USD falls and tests trendline support amid broad-based U.S. dollar strength The recent jump in U.S. Treasury yields has reinforced the greenback’s recovery This article focuses on euro’s key technical levels to watch in the coming days Most Read: Gold Fades but Upside Still Favored as Debt-Limit Talks Hit Crunch Time The U.S. …
EUR/USD on Cusp of Major Breakdown as US Dollar Embarks on Strong Recovery Read More »
US PMI, GOLD AND DOLLAR INDEX KEY POINTS: Recommended by Zain Vawda Get Your Free USD Forecast The headline S&P Global Flash US PMI Composite Output Index registered 54.5 in May, up from 53.4 in April, to signal a solid and faster expansion in private sector business activity. Total new orders rose for the third …
GOLD PRICES FORECAST: Gold prices (XAU/USD) fall for the third straight day, reaching their lowest point since early April U.S. dollar strength and rising U.S. yields are the primary bearish drivers for the precious metal This article looks at XAU/USD’s key technical levels to watch in the near term Recommended by Diego Colman Get Your …
Gold Prices Crushed by Resurgent Yields & Strong Dollar, Bullish Outlook in Peril Read More »
EARNINGS REPORTS KEY POINTS: Microsoft deliver solid results and beats on EPS and revenue expectations Alphabet’s quarterly performance also tops consensus estimates S&P 500 futures rise in extended trading, trimming some of their regular-session losses Most Read: Trading Earnings Season – 3 Steps for Using Earnings Reports U.S. equity futures rose in extended trading after …
Microsoft and Alphabet Deliver Strong Results, S&P 500 Futures Buoyed by Tech Earnings Read More »
EUR/USD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda How to Trade EUR/USD READ MORE: UK Inflation Soars, GBP/USD Nears a Six-Week High, All Eyes on the Fed EUR/USD FUNDAMENTAL OUTLOOK EURUSD enjoyed a modest bounce following the European open after yesterday’s consolidation above the 1.0750 handle to trade at 1.0780 (at the time of …
EUR/USD Bounce Facing Strong Resistance at the 1.08 Level Ahead of FOMC Read More »
Dow Jones, Nasdaq 100, SVB Fallout, Fed Pivot – Asia Pacific Market Open: Dow Jones fell on Monday but the Nasdaq 100 rallied SVB fallout has markets strongly pricing in a Fed pivot The reaction does not yet speak of an impending recession Asia-Pacific markets vulnerable to volatility before CPI Recommended by Daniel Dubrovsky Get …
Dow Jones, Nasdaq 100 Mixed Reaction to SVB Collapse Speaks to Strong Fed Pivot Bets Read More »
US JOB REPORT KEY POINTS: U.S. employers add 311,00 jobs in February, topping estimates calling for a gain of 205,000 payrolls. Meanwhile, the unemployment rate rises to 3.6%, two-tenths of a percent above forecasts Average hourly earnings clock in at 0.2% month-over-month and 4.6% year-over-year, slightly below expectations With the NFP data in the rearview …
US Economy Adds Strong 311,000 Jobs, Wages Grow Less Than Expected Read More »
FTSE 100 ANALYSIS & TALKING POINTS China’s manufacturing sector managed its strongest gain since April, 2012 last month Stocks in Asia and Europe got a boost The London benchmark is well-stocked with mining names that look hopefully to China Recommended by David Cottle Get Your Free Equities Forecast FTSE 100 INDEX FUNDAMENTAL BACKDROP The FTSE …
FTSE 100 Gains As Miners Surge On Strong China Data Read More »
USD/JPY PRICES, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free JPY Forecast Most Read: USD Breaking News: US Dollar Index (DXY) Retreats as Durable Goods Data Disappoints USD/JPY FUNDAMENTAL BACKDROP USD/JPY continued higher today printing a fresh high of 136.86 following signs yesterday that we may be in for a deeper retracement. Yesterday’s …
USD/JPY Facing Strong Technical Hurdle at the 137.00 Level Read More »
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