S&P500 at a Crossroads: Potential Price Drop Ahead?
The price of the currency pair EUR/USD is gradually heading up, approaching the resistance level of 1.1000, and the downtrend formed between points 1 and 2. The price of this asset might rebound at...
US Tech Stocks Reversing Ahead of PCE Release
US Inflation Data on WatchThe Nasdaq is reversing sharply lower today ahead of the latest US core PCE data due this afternoon. Losses kicked in yesterday on the back of the downward revision to Q1 GDP...
Shifting BOE Expectations Drag FTSE Down
FTSE Falling FurtherThe FTSE remains under pressure today with the index now down more than 3% from the YTD highs. Following a strong rally over late Feb – mid May, the index is now retreating as...
EUR/USD Holds Firm on Strong Eurozone PMI Data
In Friday's late European session, EUR/USD is finding solid footing above the key 1.0800 level, buoyed by robust economic data from the Eurozone. The upbeat mood around the euro is primarily due...
Dow Under Pressure Amidst USD Revival
Dow Slips on USD RallyUS stocks have come under heavy selling pressure into the end of the week amidst an uptick in USD. The Dow Jones has shed almost 3% this week as continued hawkish sentiment from...
Gold Prices at a Crossroads: What’s Next?
The price of gold rebounded from the resistance level of 2448, signifying the upcoming formation of a potential top. Now, the price of this asset is heading down, targeting the level of 2285. This...
Dovish BOE Comments Keep FTSE Supported
FTSE Holds at HighsThe FTSE is holding just below the all-time highs on Monday, following a breakout move to fresh highs this month. Expectations of forthcoming UK easing are helping underpin bullish...
Fed Comments Help USD Counter a Streak of Weak Labor Market Data; All Eyes on CPI
The US Dollar found some support following statements by Fed Vice Chairman Philip Jefferson advocating for a prolonged period of rate stability. Jefferson's remarks injected a semblance of...
S&P At Highs As Traders Brace For US Inflation
S&P Back at HighsFollowing a roughly 6% correction lower in April, the S&P has managed to claw its way back into bullish territory with the index now back up just below all-time highs. Bullish...
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