After a blazing start to 2024, led by AI-fueled tech enthusiasm and the Fed's dovish pivot, U.S. stocks might have further room to run. However, high valuations demand that traders and investors alike become more selective. For equity index traders, this means looking beyond the SP 500 (SPY) and Nasdaq 100 (QQQ), which are dominated by big tech, for attractive...

US Dollar, EUR/USD, Gold - Prices and Analysis The US dollar is trading at a multi-month high after data showed that inflation in the US is creeping higher. Despite higher US Treasury yields, gold continues to eye a fresh record high. US dollar strength is visible across a range of FX pairs.Gold prints a fresh high.For all major central bank...

Euro Performance Declines Euro declined in European trade on Tuesday against a basket of major rivals, sharpening losses for the second straight day against the dollar and plumbing a two-month trough on concerns about the US-Eurozone interest rate gap. Market Sentiment Markets are now convinced of the possibility that the European Central Bank will cut interest rates in June, with...

Most Read: SPY and QQQ Seem Overbought but RSP Looks Attractive Market psychology can be a powerful force, often leading the retail crowd to follow the herd. However, experienced traders recognize the potential for profitable opportunities by going against the grain: doing the opposite of what most people are currently doing. Contrarian indicators, like IG client sentiment, offer insights into...