The upcoming week will be dominated by the European Central Bank’s (ECB) interest rate decision, United Kingdom (UK) inflation and labor market figures, and preliminary global Purchasing Managers Index (PMI) data. Australian employment, New Zealand inflation and Canadian CPI figures will also attract attention. The US Dollar Index (DXY) trades slightly higher near 100.80 after mixed United States (US)…
Prior import prices +1.9% (revised to +1.7%) Export prices -0.6% vs -0.4% expected Prior export prices +1.3% (prior revised to +1.2%) The import number swings the other way from CPI and PPI, perhaps highlighting that inflation pressures aren’t going away. At the same time, oil prices are near the highs of the day with brent up @ now to…
Heavy premarket selling turned into ES almost testing 5,470, which was readily bought, but after 30min of buying, S&P 500 couldn‘t just reach any higher – only Nasdaq did, and still it couldn‘t flip QQQ:SPY or its own breadth metrics into bullish territory.
The Iran war escalated and an AI scare cracked the record in stocks. With the Fed silent, three scenarios and the levels that decide the week.
US housing starts for June 1.427 million versus 1.310 million estimate. !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
British Pound slips for second straight day as Oil spike revives inflation fears The Pound Sterling retreats during the North American session, down 0.22% against the Greenback, as geopolitical tensions remained high, triggering a jump in Oil prices and heightening fears of a reacceleration of inflation. The GBP/USD trades at 1.3449 after peaking near 1.3480. Read More… GBP/USD Price Forecast: British…
There is a roadmap for the dollar if the Fed tightens money supply !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note USD/SGD has stabilised after an earlier sell-off, with spot around 1.2905 and intraday price action expected to stay confined between nearby support and resistance. They highlights building downside momentum on a 1–3 week horizon, with 1.2860 as a key trigger for a deeper decline, while 1.2930…
Prior was +0.1% Capacity utilization 76.1% vs 76.2% expected Manufacturing output 0.0% vs +0.1% expected Prior output 0.0% (revised to +0.1%) This article was written by Adam Button at investinglive.com.
United States CFTC S&P 500 NC Net Positions: $-38.9K vs $-42.9K
