Eight weeks. No losing week since late March. The S&P 500 just logged its longest winning streak since December 2023, touched fresh highs above 7,540, then pulled back. Could it mean that the rally is running out of steam and about to fade? Find out what this equity index wobble at the top could mean for the forex market…
EUROPEAN SESSION In the European session, we have lots of low tier data releases like the French PPI and Spanish Retail Sales that are not going to change anything for the ECB at this point. Therefore, the market reaction will likely be muted. As a reminder, the ECB is widely expected to deliver an “insurance” rate hike in June…
The USD/CAD pair is seen building on the previous day’s breakout momentum through the 1.3810-1.3815 confluence hurdle and gaining positive traction for the third straight day on Thursday. Spot prices climb to the 1.3870 region, or a fresh high since April 13, during the Asian session and remain well supported by a broadly firmer US Dollar (USD). The latest…
NZD/USD is sitting at a major decision zone after the RBNZ’s hawkish surprise gave Kiwi bulls a fresh push. But with key U.S. GDP and PCE data up next, the pair still has to prove it can break through the 0.5900 area instead of getting slapped back by dollar strength.
Key takeaways A Google software engineer, Michele Spagnuolo, has been charged by U.S. prosecutors with commodities fraud, wire fraud, and money laundering. Prosecutors allege he used confidential Google “Year in Search” data to win about $1.2 million on Polymarket. The case is important because it shows that insider trading concerns do not stop at the stock market. They can…
New Zealand’s Finance Minister Nicola Willis delivered the government’s Budget 2026 on Thursday with the details below. Key quotes NZ sees 2025/26 operating balance before gains, losses NZ$-15.06 bln (hyefu NZ$-16.93bln). NZ sees 2026/27 OBEGAL balance NZ$-14.09 bln (hyefu NZ$-12.99bln). NZ 2025/26 cash balance NZ$-9.31 bln (hyefu NZ$-14.80). NZ sees 2026/27 GDP +2.3% (hyefu +3.4%). NZ sees 2025/26 net debt 42.4%…
EUR/JPY’s rebound into the mid-185s brings a bullish EMA crossover into focus. Here are the levels traders may want to monitor.
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band…
Gold price (XAU/USD) trades on a flat note around $4,455 during the early Asian session on Thursday. The precious metal steadies as US-Iran peace negotiations face uncertainties. Traders prefer to wait on the sidelines ahead of the US Core Personal Consumption Expenditures (PCE) Price Index report, which is due later on Thursday. US President Donald Trump said on Wednesday…
Markets faced a tug-of-war on Wednesday between lingering optimism that a US-Iran agreement was imminent and a steady drumbeat of contradictory signals that kept traders from fully committing in either direction. WTI crude oil bore the deepest losses of the session as conflicting headlines from Washington and Tehran created whipsaw price action, while equities managed to hold near record…
