Category Market Updates

  BTC/USD => The cryptocurrency falls below 22k Gold => The commodity rises to a weekly high DAX => The index falls below 13200 Bitcoin extends its Tesla-inspired selloff After a strong start last week, which saw Bitcoin jump over…

  EUR/GBP => The pair falls towards 0.85 Twitter => The stock climbs 4.5% this week S&P500 => The index sits around a 3-week high EUR/GBP looks to PMI data & UK retail sales EUR/GBP rose 0.3% in the previous…

  Gold => The commodity falls below $1700 USD/JPY => The pair holds steady around 138.25 EUR/USD => The pair rises to a 2-week high Gold falls to an 11-month low Gold falls below $1700 despite the weaker USD, trading…

  Tesla => The stock trades around its 2022 low  BTC/USD => The cryptocurrency rises to a monthly high EUR/GBP => The pair falls towards 0.85 Tesla Q2 earnings preview Tesla is due to report Q2 earnings after the close, coming…

Netflix is due to report Q2 earnings after the close, which come as the streaming giant trades down 70% year to date amid a broader selloff in tech stocks and pandemic plays.

  Bank of America => The stock trades around its 2022 low IBM  => The stock trades close to its all-time high AUD/USD => The pair rises towards 0.68 Bank of America Q2 earnings preview US major banks have seen…

USD/CNH rose 0.3% in the previous session as the USD surged across the board following the hotter-than-expected consumer prices and producer price data.

JP Morgan kicks off the second quarter earnings season. Its results come as the banking sector trades down 25% year to date, despite rising interest rates.

Gold fell 0.43% yesterday in its second straight day of losses on USD strength and as investors looked ahead to the release of US inflation data. The consumer price index (CPI) is expected to rise again in June to a new 40-year high. However, core inflation which excludes more volatile items such as food and fuel is expected to fall for a third straight month.

The DAX closed 1.4% lower in the previous session as the Nord Stream 1 pipeline was switched off for annual maintenance work, but concerns grow over whether the Russian gas supply will e switched back on after the planned ten-day period. If not, Germany could be forced the start rationing gas supply to industry which would hurt demand for German assets such as the DAX.