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AUD/USD Stabilizes Near 0.6600 Albeit Uncertainty Ahead Of US CPI And Fed’s Decision

AUD/USD Stabilizes Near 0.6600 Albeit Uncertainty Ahead Of US CPI And Fed’s Decision

The AUD/USD pair gains ground slightly below the round-level resistance of 0.6600 in Tuesday’s New York session. The Aussie asset finds cushion even though the US Dollar (USD) remains firm amid cautious market mood ahead of the United States (US) Consumer Price Index (CPI) data for May and the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.The S&P 500 […]
How French Politics Could Affect European Asset Markets In June

How French Politics Could Affect European Asset Markets In June

Image Source: Pixabay  French bond markets are selling off for a second day as investors adjust positions ahead of the unexpected French parliamentary elections later this month. We take a look at how European bond, FX and credit markets could perform.  Politics: Markets focus on French fiscal challengesEuropean financial markets remain under pressure for a second […]
USD/JPY Price Analysis: Bulls Cheer As US Inflation Data Looms 
                    
USD/JPY technical price analysis: Bulls approaching 157.50

USD/JPY Price Analysis: Bulls Cheer As US Inflation Data Looms USD/JPY technical price analysis: Bulls approaching 157.50

The USD/JPY price analysis shows strong bullish sentiment as the dollar strengthens ahead of crucial inflation data. Investors are also gearing up for the Fed policy meeting, where there will be clues on the outlook for interest rate cuts. Meanwhile, the yen remained vulnerable as data revealed poor consumption in Japan due to the weak […]
Most US Equity Sectors Are Up This Year—With Two Exceptions

Most US Equity Sectors Are Up This Year—With Two Exceptions

The US stock market’s strong year-to-date gain so far in 2024 has enjoyed wide support among equity sectors. The two glaring downside exceptions: consumer discretionary and real estate shares, based on a set of ETFs through Monday’s close (June 10).On the upside, the communications services sector (XLC) is the clear leader. Indeed, this fund, which […]
Chart Of The Day: Argan – Engineering & Construction Services

Chart Of The Day: Argan – Engineering & Construction Services

Image Source: Unsplash  The Chart of the Day belongs to the engineering and construction company Argan (AGX). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts […]
Currencies Remain Under Pressure Against The Buck

Currencies Remain Under Pressure Against The Buck

The Euro hasn’t had much at all going for it since last week. Since then we’ve seen an ECB rate cut, much stronger than expected US jobs report, turmoil around the European election results, and this latest upbeat US NFIB business optimism showing.Video Length: 00:00:46More By This Author:Will USD Demand Cool Ahead Of Tomorrow’s Event […]
Silver Demand In The Solar Sector Could Squeeze Silver Supply In The Future

Silver Demand In The Solar Sector Could Squeeze Silver Supply In The Future

By Mike Maharrey, Money Metals Exchange  Silver use by the solar energy sector is one of the primary factors driving the overall demand for silver, and there is reason to believe photovoltaic silver off-take will continue to increase in the years ahead.Not only is the demand for silver panels growing, but the amount of silver […]
U.S. Probability Of Recession In Next Twelve Months Hovers Near 70%

U.S. Probability Of Recession In Next Twelve Months Hovers Near 70%

In a lot of ways, using the inversion of the U.S. Treasury yield curve to forecast recessions has become a lot like the old folk tale of the shepherd boy who cried wolf.The curve itself first inverted when the yield of the 3-month Constant Maturity U.S. Treasury first rose above the level of the 10-year Constant […]
MicroStrategy shares surge 134% and outpaces Bitcoin in 2024

MicroStrategy shares surge 134% and outpaces Bitcoin in 2024

MicroStrategy’s stock has experienced a remarkable 132% increase this year, outpacing Bitcoin (BTC) and other companies with BTC exposure, as reported by research firm Kaiko. The surge is partially due to a short squeeze and is particularly significant in light of the new spot Bitcoin exchange-traded funds (ETFs) in the US, which provide an easy […]
TRON DAO announces HackaTRON Season 6 qualifiers

TRON DAO announces HackaTRON Season 6 qualifiers

Geneva, Switzerland, June 11, 2024 – With HackaTRON Season 6 coming to a close, the TRON DAO team, alongside HTX DAO, BitTorrent Chain (BTTC), and JustLend DAO hosted a series of innovations that has taken the blockchain landscape by storm. This season, participants redefined the digital landscape across multiple tracks. Web3, DeFi, Artistry, Builder, and […]