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DAX30 Analysis

German DAX rallied over the past two days, adding almost 2% over Wednesday and Thursday combined. The upward move was being continued on the futures market during the Asian session today as optimism over possible agreement on US debt ceiling drove equities higher.  As a result, DAX futures (DE30) briefly traded above 16,300 pts mark at […]

Todays Calendar: Powell’s Speech And Canadian Retail Sales

Futures markets point to a higher opening of the European cash session. DAX futures (DE30) painted a fresh all-time high above 16,300 pts earlier today but has pulled back a bit since. Moods on the markets are upbeat as traders are being constantly reminded that debt ceiling negotiations are progressing with House Speaker McCarthy saying […]

WTI Price Analysis

WTI crude oil picks up bids to print 0.50% intraday gains near $72.50 as it appears well-set to snap a four-week downtrend amid early Friday. In doing so, the black gold rises inside a one-week-old symmetrical triangle. Given the quote’s successful trading past an upward-sloping trend line from the last Wednesday, near $71.95 by the […]

Talking EUR/USD at 1.0700

In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, further weakness could drag EUR/USD back to the 1.0700 region in the near term. Key Quotes 24-hour view: “Yesterday, we highlighted that EUR could test the major support at 1.0800 before stabilizing. We indicated, ‘The next support at 1.0750 is […]

Morning Market Re-Cap

Japanese yen is one of the best performing G10 currencies today following a beat in CPI data for April. USDJPY is pulling back and looking towards a test of a recently-broken resistance zone at 138.00. Source: xStation5

Technical Analysis JAP225

Economic Outlook  Japanese NIKKEI 225 is on the rise trading near an all-time high following positive GDP data and supportive comments from country leaders. The Japanese economy grew at a faster-than-expected rate of 1.6% in Q1, surpassing the projected 0.7% growth. This strong economic performance has boosted market optimism.  The recent earnings season has been […]

Economic Calendar ECB Bankers in The Spotlight

Wednesday’s stock market session in Europe is expected to extend mixed sentiments from the previous session. The dollar is slightly appreciating against major currencies, supported by positive US data, particularly in retail sales. Comments from Fed members yesterday emphasized the priority of fighting inflation. The main index in Japan is rising on the back of […]

The Morning Re-Cap

NIKKEI 225 index is one of the best performing indices. Price is near the all time high level at 30,500 points. 

Chart of The Day

The Australian Dollar (AUD) experienced a decline as doubts arose regarding China’s economic recovery. The latest statistics unveiled a slowdown in activity, with industrial production growing at 5.6% year-over-year until April, falling short of the forecasted 10.9% and below March’s 3.9%. Similarly, retail sales for the same period reached 18.4%, missing the expected 21.9% and […]

Todays Economic Calendar

Futures markets at the start of the session in Europe point to a lower opening of the stock exchanges. The weaker sentiment may be attributed to the declines in the Asia-Pacific region following the release of macroeconomic data. Today’s calendar is relatively busy with various events. Investors will receive US retail sales data, which is […]

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