Resilience

Share: USD/JPY meets with some supply on Thursday and is pressured by a combination of factors. Bets that…

A significant upward revision in the final read for US first-quarter gross domestic product (GDP) data (2.0% versus 1.4% forecast) adds to the list of positive economic surprises in the US lately, with economic resilience aiding to calm…

Share: AUD/USD falls 0.62% as US economic data remains strong, while weaker-than-expected Chinese data…

S&P 500, SPX, NASDAQ 100, NDX - OUTLOOK:The uptrend in S&P 500 and the Nasdaq 100 index remains in place.Key focus is on the US debt ceiling negotiations and Fed speak this week.What is the outlook for the S&P 500 index and…

S&P 500, SPX, NASDAQ 100, NDX - OUTLOOK:The S&P 500 index’s uptrend remains intact despite the turmoil in the bank sector.In comparison, the Nasdaq 100 looks stronger as it flirts with the 2023 highs.What’s next for the two…

Share: GBP/USD retreats further from a multi-week high set on Thursday amid resurgent USD demand. The…

ISM SERVICES KEY POINTS:ISM Services PMI slows to 55.1 from 55.2, topping expectations calling for a larger pullback to 54.5The new orders and the employment indices extend their recovery, prices paid move down moderatelyU.S. dollar, as…

US PMI KEY POINTS:Flash U.S. Composite rises to 50.2 from 46.8, topping expectations calling for a more modest rebound to 47.5Services PMI also moves out of contraction territory, climbing to 50.5 from 46.8 previouslyManufacturing…

Gold (XAU/USD) Weekly Technical Outlook: NeutralGold prices bullish above $1,930, bearish below $1,900.XAU/USD peaks at nine-month high as the RSI (relative strength index) rises into overbought territory.USD strength and slowing momentum…