ECB Warns Higher Rates Needed As Inflation Still Too High
Lowe Lifts Off AgainThe RBA caught markets by surprise once again last night as it lifted its headline cash rate by a further .25% from 3.85% to 4.10%. The move marks the second such unexpected hike...
The greenback rally of May faces test at critical level
The dollar rally of May has been facing difficulties since the beginning of the month. Despite a decent unemployment report, the situation did not favor buyers. The focus is on the story that the...
Apple Falls From Fresh All-Time Highs As VR Headset Unveiled
Apple Pulls Back From Fresh HighsShares in Apple are trading lower pre-market following a heavy reversal yesterday. The stock hit fresh all-time highs yesterday before profit taking kicked in and saw...
Stocks Start Weaker on US/China Tensions
US & China Trade (Verbal) BlowsTensions between the US and China were shown to still be at elevated levels this week as officials from the two leading economies traded blows at a top security...
Crude Prices Spike On Saudi Production Cut Surprise
Crude Prices Pop ‘n’ Drop We’re seeing plenty of volatility in crude oil at the start of the new week. Crude futures gapped higher at the open, spiking by more than 5% before reversing sharply as...
USDJPY Higher Ahead of US ISM Services
ISM Services on WatchToday’s main data focus for the US session will be the release of the ISM Services PMI for last month. As with manufacturing, the recent trend has been lower. However,...
Gold Prices Plunge As USD Rises Following NFP
US Jobs Jump Last Month Friday’s US labour market numbers certainly made for interesting reading. A bumper NFP result of 339k vs 193k expected would certainly make a strong case for the Fed hiking...
Amazon Shares Rally Ahead of US Open
Amazon Pops on USD Drop Shares in Amazon are trading firmly higher ahead of the US open today. The tech stock has been on a solid bull run this year and despite some choppiness over the end of Q1, the...
Stocks Rally on Debt Ceiling Deal & Fed Comments
Further Fed ‘Rate Pause’ CommentsYesterday was an important day for stocks with the passing of a deal to suspend the US debt ceiling until after the next election alongside further dovish Fed...
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