Technical Analysis
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WTI Crude falls as Iranian proposal raises hopes for renewed US-Iran negotiations
WTI Crude falls after reports of Iran’s new proposal to the US aimed at ending the war. Ongoing Strait of…
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Gold heads for second weekly loss as higher-for-longer rate bets dominate
Gold heads for a second straight weekly decline as higher-for-longer rate bets weigh. Strong central bank buying and retail investment…
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FX markets steal the limelight, as US stocks start May on a high note
The main focus on Friday is the FX markets, as the fallout from the energy price spikes cause havoc in…
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Chart of The Day – Intervention on the Yen? Tokyo Challenges Speculators
Intervention at 160: Breaking the psychological USDJPY barrier forced Tokyo to act, pushing the rate down to 155 amid low…
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USD/JPY – Holds above 157.00; bulls seem hesitant amid intervention fears
USD/JPY moves away from a two-month low following the release of a softer Tokyo CPI print. A modest USD uptick…
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USD/CAD – Descending 20-day EMA supports more downside
USD/CAD trades cautiously around 1.3580 amid the US Dollar’s underperformance. Investors await Fed speeches for fresh cues on the US…
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Technical Analysis – Gold gains 1.5% amid weakening US dollar
Aweaker US dollar and lower Treasury yields are supporting a rebound in gold prices, which are attempting to break their…
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Apple earnings beat Wall Street estimates iPhone sales below expectations
Apple (AAPL.US) reported its latest quarterly results, but the market reaction has been muted — shares barely moved in after-hours…
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S&P 500 companies with the record net margin since 2009 – FactSet data
S&P 500 profit margins remain remarkably resilient despite concerns over higher oil prices. According to FactSet data, the blended net…
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Silver – XAG/USD struggles to build on intraday gains beyond $75.00
Silver attracts buyers for the second straight day on Friday, though it lacks follow-through. The mixed technical setup warrants some…
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