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Bank Of Canada Delivers Hawkish 50bp Hike, Pledges To Act Forcefully; USD/CAD Subdued
Article By: DailyFX
Wednesday, June 1, 2022 11:37 AM EDT
USD/CAD trims some daily losses after the BoC’s announcement, but the move can be attributed to the broader U.S. dollar advance following solid ISM data in the U.S.
In this article: FXC, UUP
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Six-Month Winning Streaks For Oil
Article By: Bespoke Investment Group
Wednesday, June 1, 2022 11:25 AM EDT
WTI crude oil closed out May with its sixth straight monthly gain, resulting in the second-longest streak going back to 1983.
In this article: BNO, OIL, UCO, USO
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May Markit Manufacturing: Growth Slows
Article By: Jill Mislinski
Wednesday, June 1, 2022 11:13 AM EDT
The May US Manufacturing Purchasing Managers' Index conducted by Markit came in at 57.0, down 2.2 from the final April figure.
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Top-Rated Monthly Income Stock On Sale
Article By: Tim Plaehn
Wednesday, June 1, 2022 11:00 AM EDT
In a market like this, share prices are down across the board, and high-quality monthly income stocks become great bargains for investors focused on the long term.
In this article: MAIN Also: BIZD
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Fake Out Instead Of Breakout: Is The Gold Miners’ Crash Coming?
Article By: Przemyslaw Radomski, CFA
Wednesday, June 1, 2022 10:30 AM EDT
The precious metals market declined yesterday, and while the move is still small, it’s nice to see that our short positions in juniors are already profitable.
In this article: GDXJ Also: GLD, UUP
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USD/TRY Forex Signal: Gas And Electricity Prices Rise
Article By: Daily Forex
Wednesday, June 1, 2022 10:10 AM EDT
On the technical front, without major changes from yesterday, the Turkish lira stabilized against the dollar, which recorded slight movements during today's trading.
In this article: UUP
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Risk-On Run
Article By: Monica Kingsley
Wednesday, June 1, 2022 10:00 AM EDT
S&P 500 ìs about to continue improving the market breadth, and bonds wouldn‘t stand in the way, the risk-on sentiment has much further to go both in time and stock market prices.
In this article: HYG, DBO, GLD, JJC (RETIRED), OIL, SLV, UCO, NDX, SPX, BITCOMP
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Personal Savings And The Savings Rate Continue To Crash From Stimulus Highs
Article By: Mish Shedlock
Wednesday, June 1, 2022 9:52 AM EDT
Personal savings and the savings rate have plunged rapidly. Adjusted for inflation, it's worse.
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Energy Sector: Record Moves
Article By: Bespoke Investment Group
Wednesday, June 1, 2022 9:39 AM EDT
The Energy sector has been on an absolute tear over the pandemic period with a 273% gain since the pandemic lows in March 2020.
In this article: CVX, XOM Also: XLE
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USD/JPY Forecast: USD Trends Upwards Against JPY
Article By: Christopher Lewis
Wednesday, June 1, 2022 9:18 AM EDT
The US dollar rallied quite significantly on Tuesday as we have broken out of a falling wedge.
In this article: FXY, UUP
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Sensex Ends 185 Points Lower, Nifty Near 16,500; Bajaj Auto & Tech Mahindra Fall 3%
Article By: Equitymaster India
Wednesday, June 1, 2022 8:51 AM EDT
Indian share markets witnessed negative trading activity in most of today's session and ended lower.
In this article: INDY, EPI, PIN, INDA
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Bear Of The Day: PayPal Holdings, Inc.
Article By: Zacks Investment Research
Wednesday, June 1, 2022 8:38 AM EDT
PayPal has been suffering from its weakening momentum in the international market, with COVID-19 uncertainties remaining a thorn in the company’s side.
In this article: PYPL
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Futures Start New Month Flat As Fed's QT2 Begins
Article By: Tyler Durden
Wednesday, June 1, 2022 8:12 AM EDT
Stocks traded off session highs as weaker-than-average volumes mark the beginning of summer.
In this article: BNO, OIL, UCO, UGA, USO, SPX, HPQ, AMBA, APPS, CHPT, FXE, FXB, FXY, UUP
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Sterling Price Forecast: GBP/USD Bullish Momentum Stalls Ahead Of NFP
Article By: DailyFX
Wednesday, June 1, 2022 7:58 AM EDT
GBP/USD has bounced off the underside of the zone of resistance which has a midpoint of 1.2700 and looks to be headed towards a recent level of support, around 1.2473.
In this article: FXB, UUP
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EURUSD: Expected To Test Its Resistance Level At Around 1.0750
Article By: AAATrade
Wednesday, June 1, 2022 7:43 AM EDT
EURUSD is on an upward trend, trading around 1.07 and 1.0750 in the past few days.
In this article: FXE, UUP
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EUR/USD Forecast: Threatening Major Resistance Barrier
Article By: Christopher Lewis
Wednesday, June 1, 2022 6:30 AM EDT
The euro tried to break above the crucial 1.08 level on Tuesday but has been found wanting again.
In this article: FXE, UUP
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