Key Takeaways Services growth slows: The ISM non-manufacturing PMI eased to 53.6 in April from 54.0 in March, marginally below the 53.7 expected. Still in expansion territory: Any reading above 50 signals growth, so the sector continues to expand — just at a slower pace. Prices paid steady: The closely …
Read More »Wall Street Climbs as Hegseth Cools Iran War Fears: AMD Earnings Headline AI Chip Showdown
Key Takeaways Markets open higher: S&P 500 rose 0.6% to 7,241.35, the Nasdaq Composite added 0.7% to 25,243.76, and the Dow climbed 0.4% to 49,157.43. Hegseth defuses tensions: U.S. Secretary of War Pete Hegseth said Washington is “not looking for a fight” with Tehran, calling Project Freedom a “temporary” measure. …
Read More »Wall Street Rebounds as Iran Tensions Test Ceasefire: AMD Earnings Loom in AI Chip Showdown with Nvidia
Key Takeaways Futures bounce back: Dow futures rose 70 points (+0.1%), S&P 500 futures gained 0.3%, and Nasdaq 100 futures climbed 0.5% after Monday’s selloff. Ceasefire under strain: The U.S. and Iran exchanged fresh strikes in the Gulf as Tehran retaliated against Trump’s “Project Freedom” Hormuz operation. Conflict spreads: UAE …
Read More »European Stocks Defy Iran War Escalation: AB InBev Soars While HSBC Crashes 5% on Fraud Charge
Key Takeaways Markets stabilize: The Stoxx 600 rose 0.6%, Germany’s DAX gained 0.8%, France’s CAC 40 added 0.7%, while the U.K.’s FTSE 100 lagged with a 0.8% drop. Ceasefire crumbling: The U.S. and Iran exchanged fresh attacks on Monday as Tehran retaliated against Trump’s “Project Freedom” push to reopen Hormuz. …
Read More »Trump Says U.S. “Won” Iran War — But Warns It Could Drag On Three More Weeks as Oil Could Hit $250
Key Takeaways Three-week extension warning: Trump suggested in an ABC News interview that the Iran war could stretch on for another three weeks. Victory declared: The president simultaneously claimed the U.S. has already “won” the conflict. No time pressure: Trump emphasized he was not under any significant constraint to wrap …
Read More »Apple’s Bombshell: Tech Giant in Talks with Intel and Samsung to Break TSMC Stranglehold on iPhone Chips
Key Takeaways Strategic shake-up: Apple is reportedly holding exploratory talks with Intel and Samsung Electronics about producing main processors for its devices. TSMC dominance challenged: The move signals Apple’s push to diversify beyond its long-time partner Taiwan Semiconductor Manufacturing Co. Stocks react: Intel shares jumped 3.3% in premarket U.S. trading, …
Read More »RBA Pulls the Trigger: Third Rate Hike of 2026 as Iran War Inflation Forces Bullock’s Hand
Key Takeaways Third hike of 2026: The RBA raised rates by 25 basis points to 4.35%, the highest level since late 2024. Split vote: Eight of nine board members backed the hike, with one voting to hold. Inflation forecast slashed higher: 2026 CPI projected at 4.0%, up sharply from the …
Read More »Wall Street Under Pressure… 5/5/2026
Dow Jones Industrial Average (DJIA) Technical Analysis The Dow Jones Industrial Average on the New York Stock Exchange has successfully fulfilled the downside targets outlined in our previous report, breaching the pivotal 49,430 level and registering an intraday low of 49,016 — a move that underscores the persistence of selling …
Read More »Loonie Attempts a Temporary Rebound 5/5/2026
USD/CAD Technical Analysis Positive price action is attempting to reassert control over the USD/CAD pair following several consecutive sessions of decline, with today’s trading kicking off on a modestly bullish footing. Technical Outlook – 4-Hour Timeframe On the short-term horizon, the pair has successfully established a foothold above the 1.3590 …
Read More »Pound Loses Momentum Against the Dollar 5/5/2026
The downtrend has returned to dominate the GBP/USD pair, after the price began testing the 1.3550 support level, which we previously identified as a pivotal level that could push the price towards 1.3500. This was partially achieved with the price reaching a low of 1.3515. Technical Outlook – 4-Hour Timeframe: …
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