Markets are rallying due to the finalization of the Peace Memorandum, but final agreement by Trump and Khamenei are still awaited While Nasdaq continues to price heaven and shoot for it, the DJIA is surprisingly unchanged Exploring Technical Levels for the Dow Jones, Nasdaq and S&P 500 Stock Markets are rallying after major diplomatic progress, […]
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Scott Breakwell, a former macro and foreign exchange trader at Millennium, has joined Steven Cohen’s Point72 hedge fund in Sydney. Breakwell spent just over a year at Millennium, and prior to that was Bank of America’s head of FX forwards trading for Asia, also based in Sydney. Much of his career was at Deutsche Bank
A report released by the Energy Information Administration on Thursday showed crude oil inventories in the U.S. decreased by less than expected in the week ended May 22nd.The EIA said crude oil inventories slid by 3.3 million barrels last week after plunging by 7.9 million barrels in the previous week. Economists had expected crude oil
Dollar weakened broadly in early US trading today, though price action remained largely rangebound against most major currencies as markets struggled to find a decisive macro direction. Elevated Treasury yields, with the US 10-year yield holding near 4.5%, continued offering support to the greenback even as softer-than-expected monthly PCE inflation data eased immediate fears of
New York Fed president Williams is speaking: higher productivity rates can raise real interest rates. Shifts in productivity are hard to spot in real time. Williams does not comment on near term policy outlook This article was written by Greg Michalowski at investinglive.com. Source link
Corrects headline and introFrance’s producer prices declined in April after a rebound in March, the statistical office INSEE said Thursday.Producer prices declined 2.1 percent on a monthly basis in April, following a 1.9 percent rise in March.Prices for mining and quarrying products, energy and water declined sharply by 10.9 percent after a 0.7 percent increase.
Strategic positioning and digital transformation Beyond traditional banking, Lloyds continues to invest heavily in technology, automation and artificial intelligence. In May, the group launched “Envoy”, an internal AI platform designed to support the safe deployment of AI agents across the organisation. Management believes AI can improve efficiency, customer service and operational productivity over time. Lloyds
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Tokenisation can help combat inefficiencies in wholesale cross-border payments, the participants of Project Agorá said in a new report, as the Bank of Canada joined the project. The Bank for International Settlements together with seven major central banks launched the initiative in 2024. According to the report of the landmark project, published on May 27,
The market’s faith in an imminent US-Iran peace breakthrough has clearly weakened today — but it has not disappeared yet. Oil prices jumped again in after fresh military escalation around the Strait of Hormuz reignited fears of prolonged supply disruptions across the Gulf. Brent crude pushed back toward the mid-$90s after new U.S. strikes inside
In case you missed it, tonight an American official said that American forces struck an Iranian military site near Bandar Abbas and intercepted four one-way attack drones that had been launched toward a US navy vessel and a commercial ship. A fifth drone launcher was hit on the ground before it could fire. The Iranian
Estonia’s retail sales growth moderated in April after accelerating in the previous month, data from Statistics Estonia showed on Thursday.The volume of retail sales rose 1.6 percent annually in April, much slower than the 6.9 percent increase in March. In February, sales growth was 4.8 percent.The annual sales growth of non-food products, except fuel, eased
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Key takeaways Gold (XAU/USD) has broken below its 200-day moving average for the first time in three months, increasing the risk of a fresh bearish impulsive decline within its broader medium-term downtrend. Rising US Treasury real yields continue to pressure gold prices, with the 10-year real yield staging a major bullish breakout toward multi-month highs,
The “imminent Iran peace deal” narrative collapsed violently across markets today. Just days ago, traders were aggressively pricing a rapid diplomatic breakthrough that would fully reopen the Strait of Hormuz, crush oil prices, and ease global inflation fears. That optimism has now evaporated. Fresh U.S. strikes, renewed regional military threats, and rising skepticism toward the
Google engineer Polymarket insider trading case: What young traders should learn Gold has been slammed on renewed hostilities in the Gulf Fed’s Goolsbee warns AI hype and oil shock are combining to push rates higher Kuwait air defenses responding to hostile missile and drone attacks New Zealand budget deficit narrows but growth downgrade and inflation
