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The second-quarter earnings season will begin a little more quietly than usual this week, with results from Delta Air Lines due on Thursday. Wall Street’s advice? Keep expectations low.
Silver forms double-bottom near key support, signaling a potential breakout above $37.31.Doji candle and thin US holiday volume suggest pause, not reversal.Bulls eye resistance at $37.49 and $38.00; downside risk begins below $36.00.Silver price traded sideways on Friday, remaining virtually unchanged at $36.84, due to thin trading volumes as US markets were closed for a holiday. The market mood turned slightly sour as headlines surrounding the US trade war, with its trading patterns taking center stage, following the approval of the One Big Beautiful Bill.XAG/USD Price Forecast: Technical OutlookFrom a technical standpoint, the grey metal is pausing its advance, although…
Your target-date fund might have the wrong mix for you, and new alternatives could be risky.
Highlights include Trump trade deadlines, FOMC Minutes, OPEC+, RBA, RBNZ, UK GDP and Canada jobs Newsquawk Week Ahead: Highlights 7-11th July 2025 SAT: OPEC MEETING MON: German Industrial Output (May), Swedish CPIF Flash (Jun), EZ Sentix (Jul), Retail Sales (May), US Employment Trends (Jun) TUE: RBA & RBNZ Policy Announcements, EIA STEO; German Trade Balance (May), US NFIB (Jun) WED: “Liberation Day” Tariffs take effect (end of 90-day suspension), EU-US Tariff Negotiation Deadline (50% duty on all EU mimports), FOMC Minutes (Jun); Chinese CPI (Jun), PPI (Jun), US Wholesale Sales (May) THU: BoK Policy Announcement; Norwegian CPI (Jun), US…
Wall Street will be watching to see how new Treasury supply to fund the U.S. deficit will be absorbed.
Since bottoming out on April 7, 2025, following the tariff war selloff, the S&P 500 (SPX) has sustained a robust rally. The Index is reaching new all-time highs in a clear Elliott Wave impulsive structure. Technical analysis, particularly momentum indicators like the Relative Strength Index (RSI), shows no divergence at the latest peak. This indicates sustained bullish momentum and suggests the rally remains within the third wave of the Elliott Wave sequence. From the April 7 low, wave 1 concluded at 5968.6. A corrective wave 2 followed which ended at 5767.41. The index has since nested higher within wave 3,…
S&P 500 futures and dollar dip as Trump revives tariff tension
FX option expiries for Jul 3 NY cut at 10:00 Eastern Time vi a DTCC can be found below.EUR/USD: EUR amounts1.1550 3.4b1.1600 5.6b1.1625 1.9b1.1650 1.4b1.1700 4.3b1.1725 1.4b1.1750 2.6b1.1770 1.3b1.1775 3.2b1.1800 8.4b1.1825 1.7b1.1850 2.4b1.1900 1.8bGBP/USD: GBP amountsUSD/JPY: USD amounts 142.00 1.5b144.00 1b144.50 1b145.00 1.8bAUD/USD: AUD amounts0.6500 1b0.6550 622m0.6600 1.4bUSD/CAD: USD amounts 1.3500 1.1b1.3600 2.5b1.3725 956mEUR/GBP: EUR amounts 0.8500 517m0.8590 473m0.8640 523m
The large service side of the economy rebounded in June after a brief slump in the prior month when U.S. trade wars were at their zenith and companies were paralyzed by indecision.
GBP/USD falls over 1% on Wednesday, slipping below 1.3600 during the American session.The British Pound retreats from its highest level since October 2021 as UK political risks rise.UK 10-year gilt yields jump over 20 basis points, the largest single-day rise since October 2022, signaling investor concerns over fiscal credibility.The British Pound (GBP) weakens against the US Dollar (USD) on Wednesday, with GBP/USD sliding over 1% on the day from its highest level since October 2021. The pair is trading near 1.3593 during the American session, as political and fiscal jitters weigh on Sterling sentiment.The decline in Sterling was triggered by…