Italian PM Mario Draghi Resigns – Stocks and Bonds Slump
Italian Prime Minister Mario Draghi has finally resigned after days of fruitless talks, sending bonds and stocks sharply lower.
ECB Preview: How Will the Euro (EUR) React?
ECB to Raise Rates for the First Time in Over a Decade
Euro Braces for Impact as the ECB Starts Rate Hike Cycle, Draghi Ponders Fate
The Euro is bracing for impact as markets await the fate of Italian Prime Minister Mario Draghi while the ECB readies a pivotal policy announcement. Nord Stream 1 has come…
Gold Prices on Course for Worst Month in Over a Year, More Pain Ahead for XAU/USD?
Gold prices are on course for the worst month in over a year despite weakness in the US Dollar in recent days. Ahead, all eyes are on the ECB rate…
Japanese Yen Gyrates Against USD as BOJ Holds Steady on Ultra-Loose Policy
The Japanese Yen rose against the US Dollar but quickly surrendered gains after the Bank of Japan maintained its ultra-loose policy in place, holding rates negative and keeping its 0.25%…
Crude Oil Price Rebound Stalls to Keep Descending Channel Intact
The price of oil may give back the advance from the monthly low ($90.56) as it continues to trade within a descending channel.
NZD/USD Muted on Trade Balance as APAC Markets Eye BOJ Decision
The New Zealand Dollar is slightly weaker in early APAC trading after the country's trade balance fell back into deficit. The Bank of Japan's policy decision is set to cross…
Nasdaq 100 Rallies on Upbeat Sentiment, Tesla’s Earnings Top Forecasts. Now What?
The Nasdaq 100 and S&P 500 rise for a second straight day and hit their best levels in nearly six weeks amid improving sentiment and increased appetite for beaten-down tech…
Tesla Q2 Earnings: TSLA Shares Rise on Rosy Figures, Bitcoin Falls on Sale Announcement
Tesla traded higher after the closing bell on a rosy second-quarter earnings report that beat expectations. Bitcoin prices softened after the electric vehicle company sold 75% of its BTC.
Australian Dollar Forecast: Rebound Faces First Real Test – Setups for AUD/JPY, AUD/USD
AUD/JPY rates are in the midst of a bullish falling wedge breakout, while AUD/USD rates have returned into a consolidation.