EURJPY TECHS: Corrective Pullback
Jun-07 18:14
* RES 4: 187.95 High Apr 17 and the bull trigger * RES 3: 187.56 High Apr 30 * RES 2: 186.56 76.4% r...
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US TSYS: Modest Support on Expected Russia/Ukraine Ceasefire
May-08 18:08
- "Requested by ME" Trump posts on his social media platform - an expected three day ceasefire between Russia and Ukraine:
- "I am pleased to announce that there will be a THREE DAY CEASEFIRE (May 9th, 10th, and 11th) in the War between Russia and Ukraine. The Celebration in Russia is for Victory Day but, likewise, in Ukraine, because they were also a big part and factor of World War II. This Ceasefire will include a suspension of all kinetic activity, and also a prison swap of 1,000 prisoners from each Country. This request was made directly by me, and I very much appreciate its agreement by President Vladimir Putin and President Volodymyr Zelenskyy. Hopefully, it is the beginning of the end of a very long, deadly, and hard fought War. Talks are continuing on ending this Major Conflict, the biggest since World War II, and we are getting closer and closer every day. Thank you for your attention to this matter! President DONALD J. TRUMP"
- June WTI dipped to appr $94.50/bbl briefly, rebounds back to $95.07/bbl.
- Off midmorning high of 110-28, the TYM6 futures contract trades 110-25 last (+8.5).
MACRO ANALYSIS: MNI US Macro Weekly: Labor Risks Averted, CPI Next
May-08 18:08
- We have published and e-mailed to subscribers the MNI US Macro Weekly offering succinct MNI analysis across the range of macro developments over the past week and what to watch out for in the week ahead.
- Please find the full report here: https://media.marketnews.com/US_macro_weekly_260508_1f1a1f8603.pdf
US STOCKS: Miday Equities Roundup
May-08 17:13
- Stocks are grinding higher Friday, the tech-heavy Nasdaq and SPX emini making new record highs (7424.25 and 26195.90 respectively), while the DJIA remains well off mid-February record high of 50,512.79.
- IT sector shares led advances by midday: Akamai Technologies up +20.53% on the day, driven by AI and cloud security demand outlook, not to mention several dealer upgrades.
- Micron Technology +13.45% on AI driven infrastructure buildout after delivering the worlds largest SSD at 245 terabytes this week. Knock-on support for memory stocks saw Sandisk Corp +13.34%, Gen Digital +10.95% and QUALCOMM +9.63%.
- On the flipside, Health Care and Financial sector shares led declines: Mettler-Toledo International -12.5%, Zoetis -5.5% and Viatris -3.75% by midday. Banks weighed on the financials sector with the following -1.5-3.5%: Wells Fargo, Bank of America, Regions Financial and JPMorgan Chase.
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