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USD/JPY Advances To 156.50 Ahead Of US Inflation And Japan’s Q1 GDP

USD/JPY Advances To 156.50 Ahead Of US Inflation And Japan’s Q1 GDP

 Image Source: Unsplash   USD/JPY rises to 156.50 with eyes on crucial US inflation readings. Investors expect that the Fed will start lowering interest rates from September. Japan’s Q1 GDP will indicate the economic strength. The USD/JPY pair extends its upside to 156.50 in Tuesday’s European session. The asset strengthens as investors turn cautious ahead of the release […]
Copper Market Commentary – Tuesday, May 14

Copper Market Commentary – Tuesday, May 14

Image Source: Pexels  Copper Rally ContinuesThe rally in copper prices continues to gain ground this week with copper futures breaking out to further fresh highs on the year. Copper futures are now up around 33% off the YTD lows and look poised for further gains due to a supportive macro backdrop. Ongoing supply concerns, rising demand […]
Moving Average Crossovers Suggest The Bull Is Back

Moving Average Crossovers Suggest The Bull Is Back

While there is much debate over whether another bear market is imminent, weekly moving average crossovers suggest a different outcome for now. There are many current concerns, from geopolitical risk to still inverted yield curves, slowing economic growth, high interest rates, and inflation. Yet, despite those concerns, markets are flirting with all-time highs.While 5% money […]
GBP/USD Forex Signal: Bearish Breakout Possible As H&S Pattern Forms

GBP/USD Forex Signal: Bearish Breakout Possible As H&S Pattern Forms

Bearish view Sell the GBP/USD pair and set a take-profit at 1.2500. Add a stop-loss at 1.2630. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.2570 and a take-profit at 1.2630. Add a stop-loss at 1.2500. The GBP/USD exchange rate rose to its highest swing in a week ahead of a busy week in the forex […]
US Stock: United Parcel Service

US Stock: United Parcel Service

Company: United Parcel Service IncorporatedBloomberg ticker: UPS USMarket cap: US$130,072mBackground: United Parcel Service Incorporated is a package delivery company and a provider of global supply chain management solutions. Its segments include U.S. Domestic Package and International Package. Its U.S. Domestic Package and International Package are together referred to as its global small package operations. Its global small package operations provide […]
Australia Will Release Its Annual Budget Today

Australia Will Release Its Annual Budget Today

Image Source: Pixabay  At the end of Monday, the Dow Jones Index (US30) decreased by 0.21%, while the S&P 500 Index (US500) fell by 0.02%. The Nasdaq Technology Index (US100) closed positive 0.29%. Rising inflation expectations weighed on stocks after the New York Fed’s 1-year inflation expectation rose by 26 bps to a 5-month high of 3.26% from 3.00% in March. Stocks were also impacted by hawkish comments […]
Watch For 2% Plus Swings On A Surprise CPI Print In The EURUSD

Watch For 2% Plus Swings On A Surprise CPI Print In The EURUSD

Image Source: Pixabay  On Wednesday we have the US CPI print being released and it is a major focus for the Fed.In the last Fed meeting, on May 01, the Fed confirmed that recent US inflation data had been disappointing. In the Press Conference Powell said, when asked about the prospect of 3 cuts this year, […]
Daily Market Outlook – Tuesday, May 14

Daily Market Outlook – Tuesday, May 14

Image Source: Pixabay  Asian equity markets showed a mix of performance, while European futures displayed moderate softness. The global spotlight remains fixed on inflation, with anticipation surrounding today’s release of US producer price data and tomorrow’s consumer price report, as investors gauge potential shifts in central bank policies for the year. Later today, Federal Reserve Chair […]
Elliott Wave Technical Analysis: Corn – Tuesday, May 14

Elliott Wave Technical Analysis: Corn – Tuesday, May 14

Photo by Wouter Supardi Salari on Unsplash  Corn Elliott Wave AnalysisFunction – Trend Mode – Counter-TrendStructure – Expecting Impulse Wave Position – Wave 3Direction – Wave 3 is still in playDetails -Wave 3 has completed its 4th sub-wave which should be contained above 444’6 before the current big surge to complete wave 3 of (3). The bullish impulse sequence from 394’6 should extend higher provided there […]
Coinbase claims full recovery after system-wide outage

Coinbase claims full recovery after system-wide outage

US crypto exchange Coinbase has been grappling with a “system-wide outage” since 12:15 am ET earlier today, rendering its services inaccessible to users attempting to access the platform via desktop or mobile.The exchange has been regularly updating its official status page and social media channels, assuring users that their funds remain secure. In its latest […]