Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any…
Last week’s $17 oil round-trip set the stage. This week, US CPI, PPI, a tentative Fed Chair nomination vote, and Iran’s reply raise the stakes considerably.
The USD moved briefly higher following the better-than-expected U.S. jobs report, but the broader market reaction has since turned more risk-positive than dollar-supportive. Nonfarm payrolls rose by 115K versus expectations of 62K, while the unemployment rate held steady at 4.3% as expected. Average hourly earnings increased 0.2% month-over-month and 3.6% year-over-year — a mixed outcome that still points to…
Iran has sent its response to the United States (US) proposal via Pakistan on Sunday, according to the Islamic Republic News Agency (IRNA). Sources familiar with the matter and as reported by Reuters, the current efforts are aimed at a temporary memorandum of understanding to halt the war and allow traffic through the Strait of Hormuz while they discuss…
Prior month 49.8 Sentiment index 48.2 versus 49.5 estimate Current conditions 47.8 versus 52.0 estimate expectations index 48.5 versus 48.1 estimate 1-year inflation expectations 4.5% versus 4.7% last month. 5-year inflation expectations 3.4% versus 3.5% last month The numbers are at multi-decade lows and reflective of the economic issues caused by the Iran/US war. From Univ of Michigan Director…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any…
Technology sector climbs as healthcare stumbles Today’s stock market is witnessing a noteworthy divergence as tech giants lead a rally, while healthcare stocks slump. A closer look at the heatmap reveals dynamic shifts across various sectors, providing insightful takeaways for investors seeking to navigate these changes. 📈 Tech sector resurgence: Leading the charge The technology sector stands out with…
Australia CFTC AUD NC Net Positions: $78.7K vs $71.9K
The Risk-On scenario’s price targets were all reached this week — but the exact trigger combination we assigned never fired. Here’s how the framework performed, level by level.
Both the S&P and NASDAQ indices are on pace for record closing levels after the stronger-than-expected US jobs report. The NASDAQ index is up 1.26% on the day while the S&P index is up 0.80%. The Dow Industrial Average is up 0.20%. For the week, the NASDAQ index is on pace for a 4% gain for the week, while…
