The renewed exchange of strikes between the US and Iran resurrects the supply disruption premium that had begun unwinding as vessels moved through Hormuz over the prior fortnight. With both sides now publicly accusing the other of breaking the interim accord and the IRGC warning American bases face escalating retaliation, the risk of a full ceasefire collapse is no…
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD has stalled after a six-day advance, with the pair easing to 1.2950 before closing near 1.2970. In the near term, they expect range trading between 1.2950 and 1.2980, while warning that a break below 1.2925 would signal the recent 1.2991 high may cap current Dollar strength against…
Sector overview Today’s stock market presents a mixed bag, with significant movements across various sectors. Technology is the standout performer, led by Microsoft (MSFT) surging 4.17%. However, the semiconductor industry is experiencing widespread declines, drawing attention to Nvidia (NVDA) which is down 1.18%. Additionally, Broadcom (AVGO) and Micron Technology (MU) show notable losses of 3.01% and 2.89% respectively. Market…
The upcoming week will bring a fresh test for major currency pairs as investors look ahead to key United States (US) labor market data, ISM Manufacturing figures, Eurozone inflation releases, and central bank commentary from the Federal Reserve (Fed), European Central Bank (ECB), Bank of England (BoE), and Reserve Bank of Australia (RBA). The US Dollar Index (DXY) fell…
The jobs report is pulled to Thursday for the July 4 holiday. After last week’s hot PCE faded the dollar, here’s the scenarios to watch.
The EURUSD closed higher yesterday after a choppy, back-and-forth session. Today, the pair extended its recovery and moved above its 100-hour moving average for the first time since the June 17 FOMC meeting, when the Federal Reserve adopted a more hawkish tone. Recall that following that Fed decision, the pair fell sharply from around 1.1593 to Wednesday’s low of…
United States CFTC Oil NC Net Positions dipped from previous 124.5K to 114.6K
Kashkari has been beating the hawkish drum for awhile so I wouldn’t take anything away from the comment. This article was written by Adam Button at investinglive.com.
United Kingdom CFTC GBP NC Net Positions dipped from previous £-71.6K to £-105.7K
Netflix stock is showing a constructive buy-the-dip setup after a sharp intraday recovery from the low-$71 area toward $74.75, up more than 5% in the snapshot I am watching. The key clue is not only the price bounce. It is that a large sell-side block of roughly 4.7 million shares appeared near support, yet price did not continue lower….
