Author: FX
AUD/NZD’s Bollinger Band signal points to a possible bullish reversal, but downside follow-through remains a key risk. Source link
Chipmakers powered a Wall Street rebound Thursday as Micron lifted U.S. spending plans, with the dollar easing, gold and Bitcoin higher, and oil sliding despite renewed U.S.-Iran strikes. Source link
The major US stock indices pushed to the upside in trading today led by the NASDAQ index.Looking at the closing levels for the major indices:Dow industrial average rose 0.27% or 139 points to 52492.26S&P index rose 0.81% or 60.93 points to 7543.63NASDAQ index rose 1.30% or 336.24 points to 26206.89Russell 2000 rose 1.22% or 36.15 points to 2291.92Some of the big winners today included:Arm Holdings (ARM): $328.08, +27.84 (+9.27%) SanDisk (SNDK): $1,858.27, +131.09 (+7.59%) Lam Research (LRCX): $353.17, +20.02 (+6.01%) Advanced Micro Devices (AMD): $546.72, +29.32 (+5.67%) Palo Alto Networks (PANW): $338.33, +17.74 (+5.53%) Alaska Air Group (ALK): $50.14, +2.61…
AUD/USD trades higher near the 0.6940 area on Thursday, as the Australian Dollar (AUD) benefits from a softer US Dollar (USD), even after stronger-than-expected United States (US) jobless claims data showed that the labor market remains stable.US Initial Jobless Claims fell to 215K, below expectations of 218K and the previous 217K, suggesting that layoffs remain limited. However, the Greenback failed to gain strong traction as the broader US Dollar Index (DXY) slipped for a second straight session, while markets continued to assess geopolitical risks and the Federal Reserve’s (Fed) policy outlook.China also remains a key driver for the Aussie, given…
The Nasdaq technicals are back in neutral territory. S&P is more bullish again !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
UOB’s Quek Ser Leang notes that after a prior rise in USD/CNH, upward momentum has now faded, with the pair expected to trade between 6.7950 and 6.8100 in the near term. The analyst reiterates that a close above 6.8080 would open the way toward 6.8195, while maintaining that upside risk persists as long as USD/CNH holds above 6.7830.Upside risk while support holds”24-HOUR VIEW: After USD rose as we expected on Tuesday, we highlighted the following yesterday: “The advance has gathered momentum, and today, USD could break above the 6.8080 resistance. However, any further advance is unlikely to reach last month’s…
Coinbase restores prediction markets trading after technical issue Source link
Gold poised for a recovery as many negatives already priced in – Credit Agricole !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
EUR/CAD gains ground after two days of losses, trading around 1.6210 during the European hours on Thursday. The currency cross remains stronger following stronger-than-expected trade data from Germany.Germany’s Trade Surplus widened to €19.1 billion in May, marking the largest surplus since February. This comfortably beat market forecasts of €14.8 billion and followed an upwardly revised €14.7 billion surplus in April. This expansion was driven by an unexpected 0.9% month-on-month surge in German exports, which hit a three-and-a-half-year high and defied expectations of a 0.3% decline. Conversely, imports dropped by 2.5% to a three-month low, missing the estimate for a 0.1%…
Biggest stock movers Thursday: AZN, AP, and more Source link