Dow and Hang Seng Fall Sharply, but Nasdaq 100 Supported by Nvidia
The US debt ceiling continues to hang over markets, though Nvidia’s numbers have provided yet another reason for the Nasdaq 100 to move higher.
EUR/USD Outlook: Euro Tumbles as Germany Enters Recession
EUR/USD down 0.3% in early trade as multiple factors weigh on the euro including German recession, US debt ceiling, US downgrade and souring risk sentiment.
Australian Dollar Looking Vulnerable: AUD/USD, AUD/JPY, AUD/CAD Price Action
The Australian dollar is looking vulnerable to a cross below key support against the US dollar, a break below which could lead to further losses in the near term. What…
US Dollar Rides High as Debt Debate Continues Amid Fitch Re-Rating. Higher DXY?
The US Dollar galloped to a 2-month peak today with Treasury yields continuing their climb as the debt ceiling resolution proves elusive and the Fed joins the fracas. New highs…
British Pound Shrugs Off Blistering CPI: What’s Next for GBP/USD, EUR/GBP, GBP/JPY?
The British pound’s rally against some of its peers has stalled recently, and chances are that the consolidation could extend a bit further in the short term. What is the…
Crude Oil Pings Higher as Specs Told to ‘Watch Out’ by OPEC+. Higher WTI?
Crude oil prices sailed through resistance overnight after comments from the Saudi Arabian Energy Minister and a large drop in US stockpiles. Will WTI continue to rally?
Nvidia Earnings Blowout Ripples into the Nasdaq 100, US AAA Rating Cut Risk Brews
Nvidia Earnings Blowout Ripples into the Nasdaq 100, US AAA Rating Cut Risk Brews
Fed Minutes Signal Inclination for Less Hawkish Stance, US Dollar Retains Gains
Minutes from the Fed's May meeting showed a tilt toward a less hawkish stance, but news of these deliberations did not provoke a major reaction in the markets, with traders…
EUR/USD at Critical Juncture as Bears Launch All-Out Assault on Major Trendline
EUR/USD remains biased to the upside in the medium term, but the outlook could turn negative if the pair breaks below a key trendline that has been guiding prices higher…
Japanese Yen (JPY) Gains Some Ground As Debt Ceiling Worries Mount
USD/JPY has slipped back a little as a deal remains elusive in Congress. The pair remains in clear uptrend though.