Category: Forex

Commodities, Fed, Forex, fx, Gold, Powell

Gold Intraday: Back in Consolidation Range as Fed Reaffirms Commitment

Yesterday, spot gold posted the largest daily gains since May 7 as Fed reaffirmed commitment to low interest rates and QE… Spot gold jumped 1.2% on day to $1,735 yesterday, the largest daily gains since May 7. The U.S. Federal Reserve officials’ median forecast showed that Fed Funds Rate is expected to remain at current level through […]

Equities, Forex, fx, Indices

Inditex’s upside momentum losing steam

The S&P 500 Futures are flat after Nasdaq 100 marked another record close yesterday. The S&P 500 Futures  are flat after Nasdaq 100 marked another record close yesterday. Later today, U.S. Consumer Price Index (flat in May expected) will be reported. The Federal Reserve is expected to keep its key interest rates unchanged. European indices are down. France’s INSEE […]

Forex, fx

US Futures still rising, watch GILD, LLY, BX, PCG

The S&P 500 Futures remain on the upside after they jumped on an unexpected surge in May jobs on Friday. The S&P 500 Futures  remain on the upside after they jumped on an unexpected surge in May jobs on Friday. European indices are consolidating. The Eurozone Sentix Investor Confidence Index for June was released at -24.8 (vs […]

Forex, Indices

EU indices consolidate | TA focus on ArcelorMittal

European stocks report | Airbus | Wendel | ArcelorMittal | Intesa Sanpaolo… INDICESFriday, European stocks were sharply higher, with the Stoxx Europe 600 Index jumping 2.5%%. Germany’s DAX 30 surged 3.4%, the U.K.’s FTSE 100 rose 2.3% and France’s CAC 40 was up 3.7%. EUROPE ADVANCE/DECLINE74% of STOXX 600 constituents traded higher Friday.90% of the […]

Forex

AstraZeneca eyes merger with Gilead Sciences – the stock is under pressure

AstraZeneca, the pharmaceutical group, has approached U.S. rival Gilead Sciences regarding a potential merger, reported Bloomberg citing people familiar with the matter. AstraZeneca, the pharmaceutical group, has approached U.S. rival Gilead Sciences regarding a potential merger, reported Bloomberg citing people familiar with the matter.The merger of the two groups would create a giant with a […]

Forex, Indices

FTSE dips on China import data but then turns around

Although China’s economy is to a large extent showing a recovery after the pandemic, import numbers are remaining stubbornly low. Although China’s economy is to a large extent showing a recovery after the pandemic, import numbers are remaining stubbornly low. With a large percentage of China’s imports being used in products that are eventually exported, […]

Forex, fx

AUD/USD Challenges 0.7000 as Market Optimism Grows

It is not a surprise to find that AUD/USD has been boosted by those economic data and news stories over the weekend… Global market sentiment has been boosted by an unexpected improvement in the U.S. job market (a surprise surge of 2.509 million nonfarm payrolls in May). Over the weekend, China reported that May exports fell 3.3% on year, […]

Forex, Gold

Gold: Potential Signals Point to a Deeper Correction

Spot gold sank 1.5% on day to $1,686 on last Friday, as investors were shocked by a 2.5 million increase in U.S. nonfarm payrolls in May… Spot gold sank 1.5% on day to $1,686 last Friday, as investors were shocked by a 2.5 million increase in U.S. nonfarm payrolls in May. The surprising growth in jobs signals that the […]

Forex, Indices

Asia Morning: US Jobs Surge Boosts Market Optimism

On Friday, U.S. stocks jumped on an unexpected surge in May jobs… On Friday, U.S. stocks jumped on an unexpected surge in May jobs. The Dow Jones Industrial Average gained 829 points (+3.2%) to 27111, the S&P 500 rose 81 points (+2.6%) to 3193 and the Nasdaq 100 increased 194 points (+2.0%) to a record high of 9824. Source: GAIN Capital, […]