Amazon Breaking OutShares in Amazon are trading higher today ahead of the open. The company’s stock was seen rallying sharply yesterday in response to the latest US inflation data which came in below...
Nasdaq Breaks Out Ahead of US PPI
PPI On WatchFollowing on from yesterday’s CPI reading, traders will today turn their focus to the latest US PPI reading. Rate hike expectations for June have fallen sharply on the back of yesterday’s...
GBP Correction Risks Into BOE Today
BOE in FocusThe Bank of England meets today for its May rates decision and market expectations are split, creating plenty of room for volatility in GBP and UK assets. While a further .25% hike is...
Recession Fears Stalling the Recovery in Oil Prices
Oil Traders Cut LongsThe latest CFTC COT institutional positioning report shows that oil traders cut their long positions for a second week running last week. Total upside exposure fell to 215k...
GBPUSD Holding Near Highs Ahead of BOE Tomorrow
BOE OutlookGBPUSD is holding near recent highs today ahead of the BOE meeting tomorrow. The BOE is widely expected to hike rates a further .25% on the back of recent CPI data which showed inflation...
PLTR Pops on Earnings But Tech Stocks Under Pressure Ahead of UDS CPI
PLTR Beats Forecasts Shares in Peter Thiel founded tech company Palantir were seen exploding higher yesterday. PLTR stock gapped open following the release of Q1 earnings after the bell on Monday and...
LTCUSD Downside Focus Into US CPI
LTC Reverses From HighsFollowing a short-lived breakout to fresh YTD highs, Litecoin has come under heavy selling pressure over recent weeks. The failure at the 102.61 level has seen the market...
USD Shorts Stretched Ahead of US CPI Release
US CPI On Watch Today’s US inflation reading comes at an interesting time for the market. Against a backdrop of the ongoing debt ceiling standoff, USD has stagnated in recent sessions. Indeed, looking...
Bitcoin Stabilises Following Binance-Driven Sell Off
Binance Issues Impact BTCBitcoin prices have stabilised over early European trading on Tuesday following heavy price falls in recent sessions. The selling comes in response to news that Binance, the...
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