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Archives by Year:
Gold Uptrend Remains Intact Despite Recent Pullback
The XAUUSD (spot gold) remains in an overall uptrend that originated from the 1810 level. The recent pullback from the 2431 high is likely a consolidation phase within this broader uptrend. Range-Bound Trading Expected Over the next several weeks, the XAUUSD is expected to trade within a range, with the 2200 and 2431 levels acting […]
US Market Commentary – Tuesday, May 14
US Inflation Key This WeekWe’re seeing quiet trading across the board on Tuesday as traders brace for tomorrow’s headline CPI data. The reading will be pivotal in determining USD direction over the next month as traders look to the gauge to signal whether we’re likely to see Fed easing in September. A recent downturn in […]
XPO Should Continue Bullish Rally
XPO INC., (XPO) provides freight transportation services in United States, rest of North America, Europe, UK & internationally. It operates in two segments, North American LTL & European Transportation & offers services to different industries. It is based in Greenwich, CT, comes under “Industrials” sector & trades as “XPO” ticker at NYSE.XPO reacted higher in […]
The Worst Banking Data On Chinese Record
Image source: Pixabay China’s total credit in April actually fell for only the third time and by the most ever. Clearly, the government is alarmed by that as well as the distinct lack of traction in the real economy (more deflation in producer prices, minimal gains in consumer prices). We’ll go over what was just reported, […]
Two Trades To Watch: GBP/USD, DAX Forecast – Tuesday, May 14
Image Source: Unsplash GBP/USD unmoved as traders shrug off wage data UK unemployment rises to 4.3% from 4.2% UK wage growth remains sticky at 5.7% GBP/USD tests 200 SMA resistance at 1.2540 The pound is unchanged after UK jobs data tentatively supports a rate cut from the BoE in the coming months.Unemployment rose to 4.3%, its […]
USD/CHF Extends Gains To Near 0.9100 Ahead Of US PPI
USD/CHF continues to gain ground for the third successive session, trading around 0.9090 during the Asian hours on Tuesday. The US Dollar edges higher against the Swiss Franc (CHF) due to cautious statements from Federal Reserve (Fed) officials, emphasizing the importance of maintaining higher rates for longer given the elevated inflation. Fed Vice Chair Philip Jefferson […]
Cooling UK Jobs Market Bolsters Chances Of Near-Term Rate Cut
Whether it’s falling vacancies or slower private sector wage growth, there’s plenty of evidence that the UK jobs market is cooling.The UK jobs market is cooling and that’s gradually translating into lower wage growth. This is the main takeaway from the latest UK labour market figures and is broadly consistent with the messaging from the […]
Tuesday Talk: Market Stays Steady
With turmoil in the Kremlin and no movement towards a ceasefire in the Middle East the market maintained a steady course on Monday, ahead of data dumps later in the week.depositphotos On Monday the S&P 500 closed at 5,221, down 1.26 points, the Dow closed at 39,432, down 81points and the Nasdaq Composite closed up 47 […]
U.K. Market Commentary – Tuesday, May 14
Image source: Pixabay UK Unemployment RisesThe British Pound is seeing some selling pressure through early European trading on Tuesday with GBPUSD turning lower from yesterday’s highs. The latest UK economic data released today showed average earnings holding steady at 4.7%, despite expectations for a drop to 4.3%, while the unemployment rate ticked slightly higher to 4.3% […]
NIKKEI 225(N225) Indices Elliott Wave Technical Analysis
NIKKEI 225(N225) Elliott Wave Analysis Trading Lounge Day Chart,NIKKEI 225(N225) Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: correctiveSTRUCTURE:red wave BPOSITION: blue wave 4DIRECTION NEXT LOWER DEGREES: red wave CDETAILS:red wave A of 4 completed , now red wave B of blue wave 4 is in play . Wave Cancel invalid level: 41215The day chart analysis of the NIKKEI 225 […]
