Author: FX
NZD/JPY has flashed a bullish Stochastic crossover in oversold territory, hinting that downside momentum may be starting to ease. Will price confirm the turn with follow through, or will the bounce fail and the downtrend continue? Source link
Micron’s blowout outlook lifted chipmakers while an Apple-led megacap selloff dragged the S&P 500 lower. Crude jumped on Hormuz tension, and the dollar finished a net underperformer. Source link
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NZD/USD pauses a six-day losing streak on Thursday as the US Dollar (USD) eases following the latest US Personal Consumption Expenditures (PCE) data, which broadly matched market expectations. At the time of writing, the pair trades around 0.5650, virtually unchanged near seven-month lows.Data from the US Bureau of Economic Analysis showed that the core Personal Consumption Expenditures (PCE) Price Index rose 3.4% YoY in May from 3.3% in April. On a monthly basis, core inflation held steady at 0.3%. Headline PCE accelerated to 4.1% YoY from 3.8%, marking its highest annual reading since April 2023.Following the data release, the US…
First Trust Multi-Strategy Alternative ETF declares quarterly distribution of $0.0737 Source link
US Core PCE rose 0.3% month-over-month in May 2026 and hit 3.4% year-over-year, matching forecasts but marking the highest annual rate since late 2023 amid energy shocks from the Strait of Hormuz. Source link
The AUDUSD has been stepping lower since the FOMC decision last Wednesday, when the pair initially broke below its 100-hour and 200-hour moving averages at 0.7060 and 0.7046, respectively.The downside momentum intensified on Monday, leading to a break below a key channel trendline. Yesterday, the pair retested the underside of that broken trendline during the Asian session, where willing sellers stepped in and pushed the pair to another leg lower. The price ultimately reached a low of 0.68816 before staging a modest rebound.Today’s price action has been volatile, with the pair trading in both directions. Importantly, the session low has…
Gold (XAU/USD) rebounds on Thursday after the US Personal Consumption Expenditures (PCE) Price Index came broadly in line with market expectations. At the time of writing, XAU/USD trades around $4,026 after hitting a more than seven-month low of $3,959 on Wednesday. The US Bureau of Economic Analysis reported that core PCE rose to 3.4% YoY in May from 3.3% in April. On a monthly basis, Core PCE was unchanged at 0.3%. Headline PCE accelerated to 4.1% YoY from 3.8%, marking its highest annual reading since April 2023.Traders focused on the stable core PCE reading, the Federal Reserve’s (Fed) preferred inflation…
’A close call’: BofA Global Research drops BoE rate hike forecast on easing inflation Source link
Israel has pulled back from part of its buffer zone in southern LebanonIsraeli pullback is an act of “good faith” toward Lebanon’s governmentLebanese armed forces should now move into the area from which Israel withdrewIsrael has withdrawn from part of its self-declared buffer zone in southern Lebanon in what a US official described as a gesture of “good faith” toward the Lebanese government, marking a potentially important step in efforts to stabilize the Israel-Lebanon front. The partial pullback comes under a US-backed framework aimed at reducing tensions along the border.The move is especially significant because continued Israeli military operations in…