As we expected, the downward trend continued to dominate the movements of the EUR/USD pair, reaching the official target station during the previous technical report at 1.0700, recording its lowest level at 1.0700. Technically, with a closer look at the 4-hour chart, we find the pair stable below the psychological …
Read More »SoftBank’s Arm aims for over $52 billion valuation in biggest US IPO of the year
SoftBank Group’s Arm is aiming for a valuation of more than $52 billion in its initial public offering, making it the year’s largest stock market debut. According to a regulatory filing on Tuesday, SoftBank (TYO:9984) is issuing 95.5 million American depository shares of the Cambridge, United Kingdom-based company for $47 …
Read More »Futures fall as rising yield, China service data weigh
Higher Treasury yields knocked on growth stocks in the United States on Tuesday, as a slowing pace of rise in China’s services activity fueled concerns about demand in the world’s second-largest economy. The 10-year Treasury note yield has risen to 4.21% ahead of additional economic data and the Federal Reserve’s …
Read More »Concerns linked to China bring European stocks to their lowest level in a week
European stocks fell on Tuesday to their lowest levels in a week, as weak economic data in China stoked fears about a slowing recovery while investors awaited the release of local data that could provide clues to the European Central Bank’s plans for monetary tightening. The European STOXX 600 index …
Read More »Oil prices varied as support from China’s steps to revive the economy receded
Oil prices were mixed on Tuesday as support from measures taken by China to support its economy faded, countering the impact of expectations for an extension of supply cuts by two major OPEC+ members, Saudi Arabia and Russia. Brent crude futures for November delivery fell ten cents, or 0.11 percent, …
Read More »Nasdaq is leaning toward the negative 5/9/2023
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Read More »Dow Jones is facing negative pressure 5/9/2023
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Read More »CAD building on support 5/9/2023
The Canadian dollar found a solid support ground near 1.3570, which helped it maintain temporary positive stability to begin attacking the psychological barrier resistance level of 1.3600, and the intraday movements witnessed stability above it. From a technical standpoint today, we are leaning towards positivity, but with caution, in our …
Read More »USD/JPY: Return to the upward trend 5/9/2023
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Read More »GBP around correction level and negativity remains 5/9/2023
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