A crest of hope and comfort?
A downside surprise on estimates for US CPI in the month of July saw the dollar sink alongside bond yields, while equities rallied hard in the immediate reaction. While the…
US stock declines deepen. NASDAQ down -1.3%
The stock declines are deepening a bit with the NASDAQ reaching down -1.3%. The S&P index is down -0.45% and the Dow industrial average is now lower after a early…
S&P 500 approached key resistance
Further movement of the index will show whether the rise in the US stock market from the June lows is more than just a bearish rally. S&P 500 index chart in…
US consumer credit rises by $40.5B vs 25.0B estimate
In US consumer credit rose $40.15B vs 25.0B est revolving credit increased by $14.8B Non revolving credit rose by $24.3B For the year, revolving credit rose by 14.6% while non-revolving…
Gold Technical Analysis: Attempts to Dominate the Bulls
Gold futures extended their gains since the start of trading this week. Gold prices were the closest to testing the psychological top of 1800 dollars an ounce. The price of the yellow…
Eurostoxx futures +0.1% in early European trading
German DAX futures +0.3% UK FTSE futures +0.1% European indices saw a modest advance yesterday, with the gains not as stark as that of Wall Street. There is some balancing…
Risk tones keep calmer so far on the day
US-China tensions weighed on sentiment yesterday all before Pelosi’s arrival in Taiwan and that lit up the animal spirits in markets. Wall Street still closed the day on a softer…
GBP/USD: BULLS GATHER STRENGTH TO TAKE ON 50 DMA AHEAD OF US GDP
GBP/USD firming up amid less hawkish Fed outcome. Rallying yields trigger a fresh rebound in the US dollar. GBP bulls aim for the 50 DMA ahead of the US Q2…
BOJ’s Amamiya: Fed policy decision has no bearings on BOJ policy moves
Hopes that Fed curbs inflation while achieving stable US growth That is important not just for US but for global economy Fed policy decision won’t directly affect BOJ policy moves…
Dollar loses some ground but key levels still intact for now
The dollar was steadier to start the session but is finding itself on the backfoot as stocks turn positive with European indices seen up around 0.2% to 0.4% while US…