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Weaker than expected US PPI ramped up the expectations that rate cuts by FED can happen soon. The Dollar Index tested 97.60 before rising a bit from there. A further rise past 99 will confirm that the downtrend has ended and a fresh rally can begin. On the other hand, Euro tested the resistance near

In just six months since President Trump's inauguration, his once-strong alliance with Elon Musk has deteriorated into a public feud, with Musk criticizing the GOP’s tax-cut bill and Trump threatening Musk’s government contracts. Meanwhile, investors are cautious ahead of the U.S. May jobs report. S

NZD/USD struggles to attract follow-through buying amid a modest USD uptick on Thursday.The better-than-expected China’s Services PMI fail to impress bull or provide any impetus.The technical setup suggests that the path of least resistance for spot prices is to the upside. The NZD/USD pair trades w

Global technology stocks have continued to climb recently, especially semiconductor companies benefiting from the AI trend. Nvidia surged 2.8% to a new all-time high, with its market capitalization rising to $3.45 trillion—officially surpassing Microsoft to become the most valuable publicly traded c

The sharp drop in the Euro Area inflation data for May not only seals the deal for another rate cut from the ECB on Thursday, but almost guarantees that President Lagarde will strike a dovish note that hints at further easing ahead. The disinflation process remains firmly on track. The main inflatio

The single European currency is trading between levels 1,1350 and 1.14 in the early hours of Wednesday in a narrow trading range as investors avoid taking big bets ahead of tomorrow's interest rate decision by European Central Bank and the very important data on new jobs in the United States on Frid

USD/CHF drops to 0.8155 amid renewed “Sell America” sentiment across global marketsRSI confirms bearish momentum; next targets are YTD low at 0.8083 and psychological support at 0.8000Recovery needs break above 0.8200, with resistance at 0.8300 and last week’s high at 0.8346 USD/CHF extended its los

USD/CAD loses ground as the Canadian Dollar receives support from improved crude Oil prices.WTI price advances amid easing tariff risks and expectations of tighter supply.A US federal court has blocked Trump to impose broad "Liberation Day" tariffs from taking effect. USD/CAD loses ground after regi

Asia market update: US equity FUTs rip back to Feb levels on US Court ruling against Trump tariffs; JP/KR equities not far behind as USD/JPY retakes 146; US Q1 GDP 2nd Est. tonight and Tokyo May CPI tomorrow. General trend - The Manhattan-based Court of International Trade blocked and declared illeg

The Japanese yen is down for a second straight day. In the European session, USD/JPY is trading at 144.14, up 0.91% on the day. BoJ core CPI beats forecast, hits 2.4% BoJ core CPI rose to 2.4% in April, after three straight readings of 2.2% and above the market estimate of 2.3%. This was the highest