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The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, turns higher on Friday, recovering from earlier weakness, though it remains on track to close the week in negative territory.It has been a volatile week for the US Dollar, with price action driven by suspected intervention by Japanese authorities, ongoing Middle East tensions, and renewed trade concerns. At the time of writing, the DXY is trading around 98.21, rebounding from a two-week low of 97.72 reached earlier in the day.Trade tensions resurfaced after US President Donald Trump threatened to raise tariffs on European…
There are many suggestions floating around Washington D.C. on how to fix the program’s imminent funding issues.
OPEC+ (SUN): Focus is on the 3rd May meeting after the UAE’s formal exit, effective 1st May, removed a key producer from quota constraints and weakened cohesion within the group. The remaining “OPEC-7” are expected to proceed with a modest June output increase of about 188k bpd, scaled down from about 206k bpd to reflect the UAE’s removal, though the move is largely symbolic given Strait of Hormuz disruptions that are limiting actual export capacity. The core objective is to signal “business as usual” and maintain credibility despite structural cracks. There is still a non-zero risk of a pause if…
With Apple officially retiring its net-cash-neutral target, some suspect the company will look to conduct more transformative M&A, beyond the smaller deals it made in the past.
AUD/USD holds to minimal gains of 0.10% late in the North American session, yet poised to finish the week up 0.84%. At the time of writing, the pair trades above 0.7200 as the ‘bullish engulfing’ chart pattern caps the Aussie on the downside.AUD/USD Price Forecast: Technical outlookFrom a technical perspective, the AUD/USD trades near the top of a 100-pip consolidation range between 0.7100 and 0.7200, with traders awaiting fresh catalysts. Momentum is bullish as depicted by the Relative Strength Index (RSI) sitting above its neutral level.On the upside, the first resistance for AUD/USD is the psychological 0.7250 level. If cleared,…
“I do better than many citizens because I’ve contributed at the highest level.”
The USD/CAD pair enters a bearish consolidation phase after touching a fresh low since March 11 during the Asian session on Friday, and currently trades around the 1.3575 region. Nevertheless, spot prices remain on track to register losses for the fourth straight week.Crude Oil prices stall the previous day’s retracement slide from a nearly four-week top amid persistent geopolitical uncertainties due to stalled US-Iran peace talks. In fact, US President Donald Trump rejected an Iranian proposal to open the Strait of Hormuz and lift the blockade, while postponing nuclear issues to a later stage. Trump further said that he’s going…
The average rate on a 30-year mortgage is still lower than it was a year ago.
Dow Jones futures decline 0.52%, trading near 48,750 during the European hours on Thursday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 fall 0.05%, to near 7,160. However, Nasdaq 100 futures advance 0.17%, to near 27,370.US futures trade mixed as uneven corporate earnings and cautious guidance from major firms fuel uncertainty. In pre-market, Meta Platforms dropped 8% after disappointing user growth and weaker-than-expected capital expenditures. Microsoft shares were nearly 1.5% down despite beating both top and bottom-line estimates and reporting a 40% jump in Azure and cloud revenue.Alphabet surged 7% after exceeding first-quarter revenue expectations, with…
After a weeklong silence following Lululemon’s new CEO pick, Chip Wilson, the struggling yoga-wear’s founder-turned-most vocal critic, weighed in on Wednesday.