The AUDUSD is the biggest mover against the U.S. dollar today, falling -1.05% to 0.6926. The decline has taken out several key technical levels and shifted the near-term bias firmly in favor of the sellers. The day began with the pair testing the 61.8% retracement level at 0.7002. Sellers leaned against that resistance area, keeping […]
Analyst sentiment: near-unanimous buy ratings Wall Street carries a near-consensus bullish stance on Micron. Of 27 analysts tracked by TipRanks, 25 carry a buy-equivalent rating, with two holds and no sells. The average 12-month price target of $1,246 implies only 2.9% upside from the 22 June closing price — a narrow premium for a stock
South Africa’s composite leading index decreased for the second straight month in April, survey data from the South African Reserve Bank showed on Tuesday. The composite leading index dropped 1.8 percent month-on-month to 118.9 in April from 121.1 in March. Eight out of the 10 available component time series weakened, while the remaining two improved.
‘, buttonPrevHTML: ”, }; function adaptBreadcrumbs() { let breadcrumbs = document.querySelectorAll(‘#header-breadcrumbs’); for(i = 0; i < breadcrumbs.length; i++) { let title = breadcrumbs[i].querySelector(‘.breadcrumbs-title’); let btns = breadcrumbs[i].querySelector(‘.btn-container:last-child’); if(btns && btns.children && btns.children.length) { if(parseInt(title.getBoundingClientRect().top + title.getBoundingClientRect().height / 2) == parseInt(btns.getBoundingClientRect().top + btns.getBoundingClientRect().height / 2)) { title.style=”flex-grow:1;”; } else { title.style=”flex-grow:0;”; } } else { title.style=”flex-grow:1;”;
2026.06.23 2026.06.23 European Small Caps Come Into Focus. EuroStoxx 50 Forecast as of 23.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ For a long time, the EuroStoxx 600 has underperformed the S&P 500 due to geopolitical factors. However, the end of the conflict in the Middle East has become a game-changer. Lower Brent prices are good for the eurozone economy.
Gold is once again approaching the level that has defined its battle with sellers for months. After falling back below 4,100, the precious metal is now drifting toward the 4,000 region, a major psychological level that has repeatedly halted deeper declines. This time, however, the pressure is coming from a source that Gold bulls may
Update: Bitcoin has weakened after losing the key support zone Update score: -3.5 / +10 Bitcoin has weakened since the original analysis. The earlier article treated BTC as slightly bullish but not confirmed, with a score around +1.0 / +10. That was because Bitcoin was still holding above the important 63,750-62,750 support area. That has
Denmark’s business confidence decreased in June to the lowest level in nearly two-and-a-half years, survey data from Statistics Denmark showed on Tuesday. The overall business confidence index, which combines expectations in industry, construction, retail trade, and services, dropped to 101.0 from 104.1 in May. Moreover, this was the lowest reading since January 2024. Nonetheless, reading remained above
‘, buttonPrevHTML: ”, }; function adaptBreadcrumbs() { let breadcrumbs = document.querySelectorAll(‘#header-breadcrumbs’); for(i = 0; i < breadcrumbs.length; i++) { let title = breadcrumbs[i].querySelector(‘.breadcrumbs-title’); let btns = breadcrumbs[i].querySelector(‘.btn-container:last-child’); if(btns && btns.children && btns.children.length) { if(parseInt(title.getBoundingClientRect().top + title.getBoundingClientRect().height / 2) == parseInt(btns.getBoundingClientRect().top + btns.getBoundingClientRect().height / 2)) { title.style=”flex-grow:1;”; } else { title.style=”flex-grow:0;”; } } else { title.style=”flex-grow:1;”;
2026.06.23 2026.06.23 US Dollar Firms As Markets Eye PMI Data. Forecast as of 23.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The easing of geopolitical tensions has done little to diminish investor demand for the US dollar. The greenback continues to benefit from diverging monetary policy paths on either side of the Atlantic. While the Fed could deliver three rate
BNB technical outlook From a technical perspective, BNB appears to be attempting to establish a base above its recent one-year and two-month low following the broader cryptocurrency market correction. BNB bullish scenario: Last week BNB once again found support in the $580.60-to-$570.65 region. It is where several daily lows were made between February and June.
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
China’s yuan is nearing a 28-month high on a trade-weighted basis, undermining claims of deliberate devaluation even as ECB President Lagarde calls for scrutiny of the currency’s level, Reuters reports. investingLive Exclusive 2h ago Source link
As USD/JPY marched crept closer to 2024’s 38-year highs, traders knew they were entering territory where Tokyo becomes increasingly uncomfortable. That sensitivity was evident when Japan’s Finance Minister Satsuki Katayama revealed she had held talks with U.S. Treasury Secretary Scott Bessent. The pair dipped briefly on the news, but the move quickly lost momentum. The
Australian equities inched higher in early Tuesday trade, hovering near 8,830 after three consecutive sessions of losses. Investors were focused on upcoming May CPI and labor market data, which could influence expectations for the Reserve Bank’s next policy move after it kept interest rates unchanged last week. In China, Australia’s largest trading partner, the central
The $5,100 gold target is the most striking single number in the outlook and, set against a mid-2027 timeframe, implies meaningful further upside from current levels; the bank’s characterisation of gold as its preferred diversifier signals a structural rather than tactical allocation call. The S&P 500 target of 7,950 is constructive but not aggressive given
The manufacturing sector in Australia continued to expand in June, and at a faster rate, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 51.2. That’s up from 50.7 in May and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. While output neared
