Latest Market News
Treasury yields continued to fall Thursday amid strong demand for U.S. government debt despite growing stagflation fears — suggesting investors in the $23 trillion government bond market are giving up on trying to forecast the long-term outlook. That’s the view of Deutsche Bank Securities research analyst Aleksandar Kocic. In a phone interview Thursday, Kocic said […]
EURUSD, “Euro vs US Dollar” After breaking 1.0529, EURUSD is still falling towards 1.0483. Later, the market may grow to return to 1.0530 and then form a new descending structure with the target at 1.0462. GBPUSD, “Great Britain Pound vs US Dollar” Having broken 1.2305, GBPUSD continues falling towards 1.2200. After that, the instrument may […]
Bitcoin Falls HardIt’s been a cruel year for crypto traders. The leading crypto coin, Bitcoin, is now down over 60% on the year, having plunged by more than 40% since late March. A ferocious rally in the US Dollar, and a broader rout in risk assets and tech stocks in particular, is weighing heavily on […]
The release of April US inflation report became the trigger of a new wave of sell-off in risk assets as the magnitude of slowdown and dynamics of the components did not live up to expectations. Headline inflation was 0.6% against the forecast of 0.4%, core inflation was 0.3% against the forecast of 0.2%. The main […]
• EURUSD broke support area• Likely to fall to support level 1.030 EURUSD currency pair recently broke through the support area located between the key support level 1.0500 (which has been repeatedly reversing the pair from April) and the lower trendline of the daily down channel from February. The breakout of this support area accelerated […]
Brilliant Earth Group Inc. BRLT, +4.49% stock fell more than 20% in the extended session Thursday after the jewelry retailer reported revenue above Wall Street expectations but tweaked its outlook, saying it was feeling the pinch from the macroeconomic environment. Brilliant Earth said earned $3.4 million, or 3 cents a share, in the first quarter, […]