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Markets:West Texas crude oil rose 96 cents to $72.79Gold rises from $6 to $1,946The US 10-year bond yield is steady at 3.81%.Standard & Poor's 500, up 1.4%Sterling is leading, the yen is lagging behindThe odds of a June Fed hike have…

On the daily chart below, we can see that the price is struggling to break above the 12,660 resistance level as a hawkish re-pricing of interest rate expectations and negative headlines on the debt ceiling front weighs on the Nasdaq. The…

The RBNZ raised the official interest rate (OCR) by 25 basis points to 5.5% today in a split decision (5-2) and signaled that the picnic cycle is over. The bank noted that the policy will remain restricted for some time to come and…

Negotiations on raising the US debt ceiling have been suspended. Democrats pointed the finger at the Republican Party. The Republican Party pointed an accusing finger at the Democrats. Bryce. Biden returned from the G7 over the weekend,…

headlines:Markets:The New Zealand dollar is leading, and the dollar is lagging todayEuropean stocks are higher; S&P 500 futures rose 0.3%US 10-year yields rose 0.7 basis points to 3.655%Gold rose 0.3% to $1,963.53WTI rose 1.0% to…

On the below daily chart for the S&P 500, we can see that the price action is still range bound below 4175. This has been a really strong resistance and we can expect some quick rally once the price breaks decisively with buyers jumping…

The Australian dollar is the driver of the session. It fell sharply after the release of disappointing labor market data for the month of April. Jobs shrank in the economy while the unemployment rate jumped higher. I should add that…

On the daily chart below, we can see that after benefiting from a record high of 2076, gold has started to decline as better-than-expected economic data lifted Treasury yields and supported the US dollar. Yesterday, the price broke a major…

headlines:Markets:The Swiss Franc is advancing, the Australian dollar is lagging todayEuropean stocks changed little; S&P 500 futures fell 0.1%US 10-year yields fell 2.9 basis points to 3.479%Gold fell 0.7% to $2,005.98West Texas…

The US dollar is the strongest among the major currencies, while the New Zealand dollar is the weakest. Stronger than the weakest of the major currenciesThe rise in the dollar can be attributed to:Higher inflation expectations from the…