Japanese Market Commentary – Friday, April 26
Image Source: Pixabay JPY VolatilityTraders are questioning whether we’re seeing the first signs of intervention today by Japanese authorities after USDJPY suddenly plunged around 1.2% before reversing the losses immediately. Overnight, the BOJ held policy unchanged, defying those expecting a policy response on the back of recent JPY deterioration. The bank reaffirmed its message that it […]
EURUSD Climbs: Uptrend Resumption Or Bullish Correction?
EURUSD has displayed renewed buying pressure, breaking above key resistance. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Stages Rally: Upside Move Gains Momentum: EURUSD has built on its upward momentum, reaching a high of 1.0752. This move extends the rally that began at 1.0600. Uptrend or Correction? […]
Retail Sales Data Suggests A Strong Consumer Or Does It
The latest retail sales data suggests a robust consumer, leading economists to become even more optimistic about more robust economic growth this year. To wit: “It has been two years since forecasters felt this good about the economic outlook. In the latest quarterly survey by The Wall Street Journal, business and academic economists lowered the chances of a recession […]
Today, Investors’ Focus Is On The PCE Price Index Inflation Report
Image source: Pixabay As of Thursday’s close, the Dow Jones Industrial Average (US30) was down 0.98%, while the S&P 500 Index (US500) lost 0.46%. The Nasdaq Technology Index (US100) closed negative 0.64%. US stock indices closed modestly lower, led by technological stock weakness. Meta Platforms (META) fell more than 10% after forecasting second-quarter revenue below consensus and raising its full-year total expense estimate. IBM (IBM) also fell […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: National Australia Bank
Image Source: Pixabay ASX: National Australia Bank Limited – NAB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with National Australia Bank Limited – NAB. We identify wave ((iv))-green as having ended, and the potential for wave ((v))-green is open to push higher.ASX: National Australia Bank […]
GBP/JPY Extends Winning Spell To 196.00 After BoJ Keeps Interest Rates Unchanged
Image source: Pixabay GBP/JPY advances to 196.00 amid uncertainty over BoJ’s interest rate outlook. The BoJ sees inflation rising in the coming years but has projected weak economic growth. UK’s firm Services PMI has deepened fears of persistent inflationary pressures. The GBP/JPY pair extends its winning streak for the fourth trading session on Friday and […]
GBP/USD Forecast: USD Strength, GBP Weakness
The fact that we have been repelled at a major round figure does suggest that perhaps we will continue to see pretty pound weakness, or perhaps more importantly, US dollar strength. We have been in a downtrend for a while so if this does track correctly, but at this point I think the one thing […]
EUR/USD Continues Slogging Higher Prior To March US Core PCE
EUR/USD trades in the 1.0740s on Friday, ahead of key data out of the US in the form of the March core Personal Consumption Expenditures Price Index (PCE), the US Federal Reserve’s (Fed) preferred gauge of inflation. The pair lost ground on Thursday after the release of the Q1 US GDP report but has since recovered […]
Gold And Silver: The Price Of Gold Crosses The $2350 Level
Gold chart analysisThe price of gold is recovering after falling to the $2291 level on Tuesday. The growing bullish consolidation managed to climb the euro to the $2350 level today. We have crossed the EMA200 moving average and have its support. We hope that this trend will continue and that the price of gold will […]
Stagflation In The United States, Monetary Crisis In Japan
China is currently trying to slow down the gold-buying craze: The Shanghai Gold Exchange (SGE) raised margins on its futures contracts and drastically limited the number of contracts per participant after the close of trading last Friday, forcing the liquidation of many long speculators.This decision appears to be coordinated with the COMEX’s second margin hike. China clearly has […]
