The S&P 500 index’s break above key resistance on Thursday confirms that the month-long uptrend is intact. To what extent can it rise and what are the levels to watch?
The Japanese Yen gained on a weaker US Dollar after US CPI came in softer than forecast, driving Treasury yields lower and spurring hopes for a Fed policy pivot. Will…
Bitcoin rebounded strongly during US trading hours after a weaker-than-expected CPI report weighed on Fed rate hike bets. Asia-Pacific markets will attempt to capitalize on the move.
Major U.S. stock indices surged on Thursday after a softer-than expected inflation report bolstered bets that the Fed will downshift to a slower tightening cycle.
S&P 500 is poised to mark the largest single-day advance since 2020 with the index now eyeing objectives into 3900. Levels that matter on the SPX500 technical charts.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.