AUDUSD stalls at key retracement as converged MAs define support
The AUDUSD pushed higher today, but the rally once again stalled near a key technical ceiling. The price tested the 5 ...
USDJPY breaks above last week’s high. Can the buyers keep momentum going?
The USDJPY is stretching to new highs and in the process is moving above the high from last week at 159.337. The pric ...
The GBPUSD sellers are making a play with the price back below the 100 day MA
The GBPUSD is back below its 100 day moving average at 1.34748 after briefly moving above the level yesterday and aga ...
US Navy resumes escorts in Strait of Hormuz; Tanker freed after months stranded
The WSJ is reporting that the US Navy has restarted assisting ships through the Strait of Hormuz.The U.S. Navy has re ...
Chip stocks surge: A broad rally in semiconductors boosts tech sector
Sector OverviewThe semiconductor sector is experiencing a remarkable surge, leading the technology sector into a stro ...
Dallas Fed Manufacturing Business Index for May 0.40 vs -2.30 last month
Prior month -2.3Dallas Fed Manufacturing Business index for May 0.40 vs -2.30 last month. The Nasdaq 100 traded to 30 ...
USDCHF extends higher and tests 100/200 hour MA
The USDCHF pushed to a new session high today, but the rally is running into a key resistance zone overhead. At the s ...
US consumer confidence for May 93.1 vs 92 estimate
Prior month 92.8Consumer confidence 93.1 vs 92 estimateThe recent high has been near 94 and 88.5 on the downside. Wit ...
US stocks open the shortened week higher
The Dow and the S&P indices are all opening above record closing levels. The Nasdaq is still below the high closi ...
ECB Sleijpen: ECB is between baseline and adverse scenarios
ECBs Sleijpen is saying that the:ECB will do all it can to tame inflationThe ECB is between baseline and adverse scen ...
S&P/Case Schiller Home index for March -0.2% vs 0.1 estimate. YoY 0.8% vs 1.0% est
Prior month -0.1%. More than half of major U.S. metropolitan markets posted year-over-year price declines in February ...
NEC Hassett: Energy prices will drop once the Strait of Hormuz is opened
Should see lower oil prices once the strait opens.Stocks are celebrating the gains in productivityConsumers will feel ...