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The S&P 500 and Nasdaq 100 continue their slide following underwhelming earnings reports and poor risk sentiment. Microsoft’s Q4 earnings are anticipated to be $2.94 EPS on revenue of $64.5...
Citigroup Economic Surprise Indices across the different regions (except for Latin America) on average are suggesting lackluster economic growth. US crude oil inventories (excluding SPR) are showing...
The GBP/USD pair is currently experiencing a standoff between bulls and bears, with the pair clinging to support at the 1.2850 level. The upcoming Federal Reserve and Bank of England policy meetings...
The Japanese yen has sparkled in the second half of July but has lost steam this week. USD/JPY is trading at 154.88 in the European session, up 0.57% on the day at the time of writing. To Hike or Not...
Bitcoin’s price approached the $70,000 psychological mark but faced rejection. Open interest in Bitcoin futures’ has reached a new all-time high, suggesting that investor demand for the world’s...
Last week’s drop of 2.8% seen in the USD/JPY has almost reached a key support of 151.70. An overstretched decline with high volatility on top of an oversold condition increases the odds of a mean...
The recent weakness seen in Gold (XAU/USD) is likely to be driven by US politics as the “Gold premium” has moved in synch with the betting odds of Republican nominee Trump winning the US...
Oil prices have faced challenges recently, but buying pressure prevented a drop below $80. Technical indicators suggest potential for an upward bounce, with key resistance levels to...
The Japanese yen has hit the brakes on this week’s impressive rally. USD/JPY is trading at 154.34 in the European session, up 0.30% on the day. On Thursday, the yen climbed as much as 1.3% but gave...
The decline in Gold prices is attributed to technical selling pressure, profit-taking, and a strong US GDP print. The bull run in Gold may not be over due to anticipated Central Bank demand,...
The Japanese yen continues to gain ground against the US dollar. USD/JPY is trading at 153.68 early in the North American session, down 0.14% on the day. Earlier today, USD/JPY fell as low as 151.93...
Market participants have started to question the earlier high earnings growth prospects placed on the “Magnificent 7” stocks. The past month of record low implied correlation among S&P 500...
GBP/USD is declining due to speculation of a BoE rate cut and concerns about global growth. Market participants are pricing in a 53% chance of rate cuts in August, but economists polled predict an...
The Japanese Yen is gaining against its G7 counterparts due to rumors that the Bank of Japan (BoJ) will reduce bond buying and potentially raise interest rates. Governor Ueda has emphasized wage...
Oil prices have declined over the past four days, but Brent oil remains at a crucial support level. The Chinese government has cut rates to stimulate economic growth following disappointing data....
Bitcoin prices have fallen from their recent high due to concerns over Mt. Gox repayments. Despite the drop in Bitcoin’s price, BlackRock’s spot Bitcoin ETF saw its largest inflow in over four...
Market breadth indicators (% of component stocks above 20-day & 50-day moving averages) have increased to above 50%. Short-term bullish momentum condition sighted at the retest of its 50-day...