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Stock Market Today: Nasdaq Charges Higher On Inflation Data; Nvidia Ally Soars (Live Coverage)
Stock Market Today: The Dow Jones index rises on a key CPI inflation report. Nvidia partner CoreWeav...
S&P 500 hits record high after July CPI data; CoreWeave stock jumps 21%
CoreWeave and Super Micro Computer earnings lifted AI-linked stocks, while cooling inflation reduced...
68,000: Nikkei 225 hits fresh record highs due to tech rally
Asian equities performed mixed as traders adopted caution while monitoring US–Iran talks, with mixed signals from both sides keeping geopolitical uncertainty elevated.
British Pound retreats from one-month top vs Yen; Mideast risks help limit downside
The GBP/JPY cross drifts lower on Wednesday, snapping a three-day winning streak to the 215.50 area or over a one-month high touched the previous day.
S&P 500: Record streak tests sustainability – Deutsche Bank
Deutsche Bank analysts highlight that the S&P 500 has just managed a ninth consecutive daily gain, taking it to fresh record highs, even with rising Oil prices. The index is close to matching or surpa ...
Spain HCOB Services PMI came in at 50.1, above forecasts (48) in May
Spain HCOB Services PMI came in at 50.1, above forecasts (48) in May
British Pound: Range trading with soft tone against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann describe GBP/USD price action as range-bound after a brief drop to 1.3407, expecting the pair to edge lower toward 1.3430 while keeping 1.3405 as distant ...
Oil: Gradual easing base case – OCBC
OCBC’s FX Strategists Sim Moh Siong and Christopher Wong reiterate their Fragile Oil Balance view, stating that Brent has fallen below USD100/bbl on ceasefire optimism but remains supported by elevate ...
United States Dollar Index (DXY) Price Forecast: Testing 99.40 resistance amid risk aversion
The safe-haven US Dollar (USD) is showing strength on Wednesday as tensions in the Middle East escalate, casting doubt on the fate of a stalled peace process.
AUD/JPY Price Forecast: Softens below 114.50 on weaker Australian GDP, but bullish trend prevails
The AUD/JPY cross loses momentum to around 114.45 during the early European trading hours on Wednesday. Verbal intervention from Japanese authorities provides some support to the Japanese Yen (JPY) an ...
Forex Today: US Dollar stays resilient ahead of key US data
Here is what you need to know on Wednesday, June 3:
Japanese Yen: Key levels watched as BoJ speech looms – MUFG
MUFG’s Michael Wan notes that stronger US labour data have lifted US yields and supported the US Dollar (USD), complicating prospects for near-term Fed rate cuts.
Equities: Strong macro and earnings challenge bears – Danske Bank
Danske Research Team observes that equities rose again, led by Tech, with many indices hitting new all-time highs. They attribute the move mainly to positive macro news and stronger US labour data, wh ...
GBP/USD Price Forecast: 20-day EMA continues to cap upside
The GBP/USD pair trades 0.16% lower to near 1.3446 during the European trading session on Wednesday. The pair faces selling pressure as the US Dollar (USD) strengthens due to increased uncertainty ove ...