US initial jobless claims rose by 13k to 225k in the week ending May 30, exceeding expectations of 211k and marking a modest softening in labor market conditions ahead of Friday’s closely watched non-farm payrolls report. The four-week moving average, which smooths out weekly volatility, increased by 6.5k to 214.75k, suggesting layoffs have edged higher…
Welcome to today’s Market Blast. Today we will take a look at Forex Trading on USD Index, EURUSD, AUDUSD, NZDUSD, USDCAD, USDCHF and the NASDAQ. Last time, we wondered if the Russell 2000 would catch up with the other indices. This time, the opposite was true with the other major indices, like the NASDAQ, falling….
The US dollar continues to hold firm against its major counterparts, supported by strong US macroeconomic data and expectations surrounding the release of further labour market indicators. Additional support for the greenback comes from persistent inflationary risks and the Federal Reserve’s cautious stance regarding further monetary policy easing. Against this backdrop, EUR/USD and GBP/USD remain…
Multi-asset online trading and investing company CMC Markets plc (LON:CMCX) today announced its preliminary results for the year ended 31 March 2026. CMC delivered another year of strong financial and operational performance, with net operating income increasing 15% to £392.6 million (FY2025: £340.1 million). Performance was driven by continued scaling of institutional and B2B partnerships,…
Swiss Franc has emerged as one of the weakest major currencies this week. As US-Iran negotiations drag on without a clear resolution, markets are steadily pricing out a swift agreement. Brent crude remains well above $90 and is threatening a return to triple-digit territory. While the situation has not escalated into a broader regional conflict,…
Key Highlights Ethereum failed to stay above $2,000 and declined heavily. A bearish trend line is forming with resistance at $2,000 on the daily chart of ETH/USD. Bitcoin price declined and settled below the $68,000 pivot zone. XRP also dipped over 5% and traded below $1.18. Ethereum Technical Analysis Ethereum attempted an upside break above…
The Morgan Stanley Capital International logo / Reuters-Yonhap Korea’s chances of joining Morgan Stanley Capital International’s (MSCI) Developed Markets Index are back in focus as the benchmark KOSPI rallies toward the 9,000-point milestone, analysts said Wednesday. MSCI is scheduled to release the results of its 2026 Global Market Accessibility Review on June 18, followed by…
Leading broker liquidity solutions provider Match-Prime Liquidity has announced that a new suite of CFDs is now available to broker clients, trading 24/7 across all standard Match-Prime platform connectivity. The instruments reference Gold, Silver, WTI, US100, and US500. They are delivered through Match-Prime’s CySEC-regulated entity and classified as standard CFDs under MiFID II. Match-Prime indicated…
Geopolitics continues to support the US dollar. Japan is ready to resume currency interventions. The US dollar has gained fresh momentum following the escalation between the US and Iran. With consumer price inflation in the eurozone rising to 3.2%, the ECB’s decision to raise its deposit rate from 2% to 2.25% in June is virtually…
USDJPY hit important 160 resistance but stays below this level for the second consecutive day, as traders remain very cautious after the previous intervention commenced at this zone and Japan’s officials repeated today their readiness to intervene again. The notion is supported by today’s comments from BoJ’s Governor who highlighted an increased inflationary risk from…