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FTSE Another Leg Higher As Bank Of England Mute Rate Cuts
Article By:
Patrick Munnelly
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Thursday, May 9, 2024 12:28 PM EDT
On Thursday, the pound and gilt yields decreased as Britain's leading stock index reached a new high following the Bank of England's move to lower interest rates.
In this article: EWU
Is German 10-Year Bond Yield Nearing Historic Breakout?
Article By:
Chris Kimble
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Thursday, May 9, 2024 10:50 AM EDT
Government bond yields and interest rates have been rising all around the world. And investors aren’t quite sure what to make of it.
Elliott Wave Technical Analysis: UnitedHealth Group Inc. - Thursday, May 9
Article By:
Peter Mathers
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Thursday, May 9, 2024 9:50 AM EDT
The analysis aims to guide traders and investors through the expected price movements influenced by UNH’s wave patterns.
In this article: UNH
US Labor Market Cycle Has Peaked; Will Recession Soon Follow?
Article By:
James Picerno
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Thursday, May 9, 2024 9:40 AM EDT
There are many ways to monitor recession risk, but any one indicator in isolation is flawed. Context in the form of reviewing a wide variety of metrics is essential for minimizing noise.
Bitcoin Extends Pullback, But Longer-Term Uptrend Remains Intact
Article By:
ForexCycle
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Thursday, May 9, 2024 9:31 AM EDT
The BTCUSD cryptocurrency pair has extended its pullback from the 73,830 high, falling as low as 56,434 in recent trading sessions.
In this article: BITCOMP
More Short-Term Uncertainty As S&P 500 Still Pausing
Article By:
Paul Rejczak
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Thursday, May 9, 2024 9:17 AM EDT
The S&P 500 is expected to continue its short-term consolidation this morning, likely just a pause within an uptrend.
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: ASX Limited
Article By:
Peter Mathers
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Thursday, May 9, 2024 8:02 AM EDT
The short-term outlook suggests that the 2-red wave has just concluded, and the 3-red wave may be ready to resume its upward movement.
Nasdaq Pauses For Breather As Investors Await Fresh Catalysts
Article By:
Fawad Razaqzada
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Thursday, May 9, 2024 7:37 AM EDT
US index futures edged lower ahead of the open, with investors happy to take profit as the earnings season wraps up and not much to look forward to on the macro calendar today.
In this article: QQQ
Crude Oil Commentary - Thursday, May 9
Article By:
James Harte
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Thursday, May 9, 2024 7:25 AM EDT
Oil prices are turning higher into the back end of the week with crude futures bouncing off support at 77.64.
In this article: OIL
Japanese Market Commentary - Thursday, May 9
Article By:
James Harte
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Thursday, May 9, 2024 6:04 AM EDT
Japanese stocks are seeing firm selling pressure on Thursday following the publishing of the BOJ’s summary of opinions overnight.
In this article: FXY
AUD/JPY Advances To Near 102.50 Despite The Fear Of Japan’s Intervention
Article By:
Akhtar Faruqui
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Thursday, May 9, 2024 5:54 AM EDT
AUD/JPY gains ground as RBA is expected to maintain higher rates for an extended period. The fear of Japan’s intervention could limit the advance of the pair.
USD/CHF Trades On A Positive Note Above 0.9050, Focus On Fed’s Daly’s Speech
Article By:
Lallalit Srijandorn
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Thursday, May 9, 2024 5:46 AM EDT
USD/CHF drifts higher to 0.9085 in Thursday’s European session. The hawkish comments from many Fed policymakers support the US Dollar (USD).