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Forex
SPY flag vs. yields
S&P 500 remained in the consolidation one day longer, bond yields rose and rotations faltered as tech with semis offered short-term buying opportunities…
Reddit stock advances as much as 17% after data partnership with OpenAI
OpenAI is partnering with Reddit to incorporate user text in its LLM.
Reddit stock gains as much as 17% on Friday before trading back to 12%-13% range.…
USD/NOK with light losses on quiet Friday, cautious Fed supports the USD
USD/NOK saw mild losses on Friday’s session, around 10.66.
Despite mixed reactions to softening economic data, the Dollar remains steady due to a cautious…
USD/THB plunges and approaches the 100-day SMA, USD cushioned by Fed officials
USD/THB edged lower in Friday's session to stand at 36.10, showcasing a loss of 0.36%, as the bears maintain steady control.
Data released during the week…
WTI pushes into fresh weekly high late Friday as Crude oil recovers ground
WTI testing towards $80 per barrel as energy markets step higher.
Risk appetite is on the rise, bolstered by rate cut hopes.
Easing US inflation data and…
USD/JPY Price Analysis: Extends gains but remains below 156.00
USD/JPY maintains uptrend, trading at 155.66 after hitting a daily low of 155.25.
Technical outlook suggests further gains with resistance at 156.05,…
Mexican Peso extends rally for three weeks amid soft US Dollar
Mexican Peso climbs sharply as USD/MXN surpasses 2023 low of 16.62.
Banxico's Deputy Governor Irene Espinosa's comments on rate cuts support Peso's rally.…
Dow Jones Industrial Average closes above 40,000 in quiet Friday climb
Dow Jones gains 130 points to end the week over 40,000.00.
Record equity gains on rate cut hopes could prove to be short-lived.
Fedspeak remains key focal…
Canadian Dollar treads water on tepid Friday
Canadian Dollar taking a breather amidst easy Friday markets.
Canada is set for a long weekend and will return on Tuesday with CPI inflation.
Fedspeak to…
US Dollar closes the week soft, markets digest cautious Fed
Cautious Fed officials and robust Q2 growth limits the USD downside.
Markets continue to bet that the easing cycle will start in September.
If data…