Nasdaq 100 Trims Gains as Fed’s Favorite Inflation Gauge Rises More than Expected
June U.S. Core PCE rises to 4.8% y-o-y from 4.7% y-o-y in May, a sign that inflationary pressures are struggling to cool and that the Fed has a long way…
DAX and FTSE Rally, Buoyed by Data and Returning Risk Appetite
Indices break higher, as Eurozone data and US earnings improves risk appetite.
Japanese Yen Forecast: USD/JPY Capitulation as Bulls Rush For The Exit
USD extends pullback, Euro lifted above 1.02, AUD awaits local CPI report
British Pound Latest – GBP/USD Pushing Higher on US Dollar Weakness
Cable is slowly pushing higher after having printed a two-year+ 1.1760 low in mid-July and the chart continues to show some bullish signs.
Euro Trapped in a Range Despite Broad US Dollar Weakness. Will EUR/USD Breakout?
The Euro has failed to capitalise on a sliding US Dollar after a Fed rate hike and soft US GDP figures saw USD/JPY make a six-week low. Will EUR/USD rally?
Gold Prices May Rise if the Fed’s Ideal Inflation Gauge Softens After GDP Shrank
Gold prices soared as the US economy shrank in the second quarter, boosting bets of a Fed pivot. Softer PCE data on Friday could further boost XAU/USD.
AUD/USD Holds Above 50-Day SMA Ahead of RBA Rate Decision
AUD/USD may continue to appreciate ahead of the Reserve Bank of Australia (RBA) interest rate decision on August 2 as it holds above the 50-Day SMA (0.6968).
Bitcoin Prices Poised for More Gains as Risk Assets Gain After Weak US GDP
A weaker-than-expected US second-quarter GDP print was good news for stocks on Wall Street. The risk-on shift sent the US Dollar lower and Bitcoin prices higher, clearing key technical levels.
USD/JPY Susceptible to Larger Correction on Break Below 50-Day SMA
Failure to hold above the 50-Day SMA (134.13) may lead to a larger correction if USD/JPY trades below the moving average for the first time since March.
Apple and Amazon Shares Soar on Earnings – Intel Stock Pummeled on Dismal Quarter
Apple and Amazon shares traded higher in the afterhours session after releasing quarterly results.