The NZX 50 dropped 204 points, or 1.6%, to 12,958 in Monday morning trading, reversing gains from the previous session and hitting its lowest level since May 22. The decline followed a weak close on Wall Street on Friday, driven by a sharp selloff in semiconductor stocks. Sentiment was further pressured by renewed geopolitical concerns […]
Trump is doing a real media tour today. Just in the past three hours, he’s spoken to Fox News, Axios and now the FT where he says: Netanyahu will have ‘no choice’ but to accept a deal with Iran “I call the shots, I call all the shots. He [Netanyahu] doesn’t call the shots” Iran’s
OPEC+ and OPEC continue to go through the motions with the quota meetings despite the Strait of Hormuz. OPEC+ announced it will raise its quota by 188K bpd for July with another meeting to come on July 5 for August production. The thing is, there are 10-13 million barrels per day shut in right now
Mon: Japanese GDP (Q1), German Factory Orders (Apr), US Consumer Inflation Expectations, Apple WWDC 2026 Tue: EIA STEO (Jun), South Korean GDP (Q1), UK BRC Retail Sales (May), Australian Westpac (Jun), Chinese Balance of Trade (May), German Balance of Trade (Apr), German Imports (Apr), Mexican Inflation (May), US ADP Weekly Change, Exports/Imports, Canadian Exports/Imports (Apr),
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Key takeaways for stock investors and swing traders OKLO was already trading below its post-earnings anchored VWAP before Friday’s sharp drop. Thursday’s rally into that VWAP area was rejected, which was a warning sign. Earnings should be judged by the stock’s price reaction, not only by EPS or revenue headlines. Anchored VWAP from the latest
Markets ended the week in a far more defensive mood than they began it. After spending May climbing steadily on the back of AI enthusiasm, resilient economic growth, and hopes for easing geopolitical tensions, investors were suddenly forced to confront three separate risks at once. A sharp correction in technology stocks, renewed concerns that US
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The North American employment picture received a significant boost today as both the United States and Canada delivered much stronger-than-expected labor market reports, reinforcing the view that economic activity remains resilient despite concerns about slowing growth and elevated interest rates. In the United States, nonfarm payrolls increased by 172,000 in May, nearly double the consensus
The NASDAQ is now down more than 1,000 points, or -3.84%, at 25,801, with the session low reaching 25,753.93. Selling pressure accelerated following reports that Microsoft may look to tap the equity markets to help fund its expanding AI infrastructure investments, a development that has weighed on both the stock and the broader technology sector.
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Krzysztof Kamiński Market Analyst Krzysztof Kaminski is a Markets Analyst at OANDA with over a decade of experience as a financial market analyst and trader, including practical experience on the WSE, NYSE, and CME exchanges. He is a proponent of trading automation and is interested in developing trading tools in MQL4/5 and PineScript. A trusted
Bitcoin fell below the $60,000 level for the first time since early February, extending to a low of $59,743 and reaching its weakest level since October 2024. The break lower increased bearish momentum, but buyers stepped in near the lows, helping to push the price back above the $60,000 threshold. Bitcoin is currently trading around
Dollar strengthened broadly in early US session after a much stronger-than-expected US employment report reinforced confidence in the resilience of the labor market. Non-farm payrolls rose 172k in May, nearly double expectations, while April’s gain was revised sharply higher to 179k. Unemployment held steady at 4.3%, and wage growth remained contained, with average hourly earnings
2026.06.05 2026.06.05 XAU/USD: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 4,372.95 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,372.95. Stop Loss: below 4,300.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below
