FX

The USD/CHF to finish the week with decent gains of 0.39%. Risk-aversion dominates Friday’s session, as throughout the whole week. The USD/CHF double top in the daily chart is still in play, but failure at 0.9544, paves the way for further gains as buyers eye 0.9700. In the near term, the major is upward biased,

EUR/USD collapsed  more than 100 pips after the US ISM missed the street’s forecasts but remained at expansionary territory at 53.0 The greenback got bolstered by a counter-cyclical move, meaning that bad US data related to growth could lift the US dollar. EU’s inflation rose above 8.5% YoY, in line with France, Spain, and Germany’s

Gold price is hovering above $1,800.00, downside looks likes as DXY rebounds. Fed Powell is unable to deliver any guarantee on bringing the inflation rate down to 2%. Investors are expecting an underperformance on the US ISM PMI front. Gold price (XAU/USD) is holding itself above the psychological support of $1,800.00. The precious metal is

BBIG stock closes 5% lower on Wednesday at $1.97. Cryptyde set to launch under the ticker TYDE. BBIG holders get 1 TYDE share for every 10 BBIG shares held. UPDATE: BBIG stock is crashing on Thursday. Only a day after Vinco Ventures finally separated from Cryptide, which was much awaited from shareholders, BBIG shares are down

GBP/USD remains pressured around two-week low, prints four-day downtrend. Clear downside break of seven-week-old horizontal area joins bearish MACD signals, downbeat RSI to favor sellers. Bulls to remain skeptical unless crossing monthly resistance line. GBP/USD struggles around a fortnight low while defending 1.2100 during Thursday’s Asian session. In doing so, the Cable pair portrays the

We continue our deep dive series with a focus on Facebook parent Meta Platforms. We will focus as ever on traditional DCF cash flow analysis as well as a relative valuation model to forecast a 12-month price target. We will outline where the standard margin and revenue assumptions predict Meta to trade at, and then outline our

GBP/USD portrays corrective pullback from weekly low, snaps two-day rebound. Mixed concerns ahead of key data/events join firmer UK second-tier statistics to underpin recovery moves. BOE’s Bailey has a tough task but Powell’s recent failure to please hawks keep pair buyers hopeful. GBP/USD pares the biggest weekly loss in over a week around 1.2200 during

Consumer confidence in the US continued to weaken in June. US Dollar Index clings to strong daily gains near mid-104.00s. The data published by the Conference Board showed on Tuesday that the Consumer Confidence Index dropped to 98.7 in June from 103.2 in May. This print came in weaker than Reuters’ estimate of 100.00. Further

NASDAQ:MULN kicked off the week on the wrong footing. EV stocks surge into the weekend as markets jump higher. Tesla received yet another price downgrade, this time from Credit Suisse. Update: NASDAQ: MULN kicked off the week on the wrong footing, tumbling 10.27% to settle above four-day lows of $1.30. The stock failed to sustain

Pending Home Sales in the US rose modestly in May. US Dollar Index stays in negative territory below 104.00. The monthly data published by the National Association of Realtors showed on Monday that Pending Home Sales rose by 0.7% on a monthly basis in May following April’s decline of 4%. This print came in better than the

GBP/USD bulls step in on US dollar weakness and eye 1.2500 Where there is a price imbalance, PI, on a 4-hour perspective on the way there that guards an order block, OB, above it.  At 1.2292, GBP/USD is up 0.16% as the US dollar falls away below a key structure on the DXY chart. The

The shared currency finished the week with decent gains of 0.21%. Sentiment remains optimistic, despite recession fears threatening. EUR/GBP Price Analysis: Remains upwards but struggling at 0.8600 might open the door for selling pressure. The EUR/GBP accelerates for the fourth day out of five in the week, set to finish with decent gains of 0.21%.

The NZD/USD erased early week losses and finished the week flat. On Friday, recession fears abated, but growing risks remain skewed to the downside. St. Louis Fed’s Bullard commented that the US economy is fine and that recession worries are exaggerated. The New Zealand dollar recorded solid gains vs. the greenback, snapping two days of

The EUR/USD is about to end the week hovering around 1.0550, with a modest gain. Analysts at Rabobank continue to see the risk of a dip back to the year’s low at the 1.0350 region on a one to three-month view. They revised lower their 12-month forecast to 1.08 from 1.10. Key Quotes:  “The move

Brexit Tensions are increasing and may weigh on the British pound in coming months, warn analysts at Danske Bank. They also point out that relative interest rates have weighed on EUR/GBP for quite some time but not anymore. Key Quotes:  “It is still worth keeping an eye on the EU-UK negotiations on the implementation of

EUR/USD keeps the erratic activity well in place this week. The 1.0670/80 band continues to cap the upside so far. EUR/USD resumes the upside bias past the 1.0500 mark following Thursday’s decent pullback. So far, and as long as the 4-month line in the 1.0670/80 band limits the upside, extra pullbacks in the pair should

DXY struggles to extend the first daily gains in four amid market’s inactions. Fears of economic slowdown tighten the grip over risk appetite. Fed’s Powell, downbeat US PMIs add to the sour sentiment but Wall Street closed positive on softer yields. Yields rebound, stock futures print mild losses as traders await more clues. US Dollar

Gores Guggenheim voted on Wednesday to take Polestar public. Polestar will list under the ticker PSNY on the Nasdaq and start trading on June 24. GGPI stock rose 12% on Wednesday in anticipation of the deal going through. Gores Guggenheim (GGPI) stock merger with Polestar looks set to debut on the Nasdaq on Friday under the ticker