2024

Eurozone April Inflation: Confirming Rate Cut for June? Today marked the start of the two-day process in which the EuroZone updates the markets on its April inflation reading. The final number will be available on Friday, after major…
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XAUUSD tests demand zone Gold corrected after reaching oversold levels as prices ventured towards the $2300 area. The metal is now testing the 2335 zone near the base of the previous breakout rally. An initial bounce is a sign of…
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There is a lot of anticipation ahead of China's May PMI readings, particularly given its effect on commodity currencies. After the blowout first quarter GDP results, markets are now at least hoping China's economy will continue its rebound.…
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The Dow Jones (US 30) attempts to rebound The Dow Jones tumbled over 600 points as Boeing shares dropped over 7% in recent trading. The index is still trying to preserve its strength after hitting another fresh high, which saw the 40,000…
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Central banks are finalizing the latest data checks to see when (or, in some cases, if) they can start easing. That includes close scrutiny of inflation, naturally. The biggest driver of inflation is the consumer confidence. With market…
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GER 40 begins correcting The Equities have seen a pullback in recent sessions as many have fallen from their record peaks. The Dax 40’s drop below the daily support 18700 has dented the short-term enthusiasm. However, bulls might not…
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SPX500 hitting another record The SPX500 pushed to another fresh high as AI stocks continued to propel the market. Nvidia reported Q1 earnings that beat expectations, and the stock rose over the $1,000 per-share level for the first time.…
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