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US Dollar Breaks Out Against Swiss Franc, Further Upside Targeted

US Dollar Breaks Out Against Swiss Franc, Further Upside Targeted

Image Source: UnsplashThe USDCHF currency pair has broken out above the key 0.9101 resistance level in recent trading sessions. This bullish breakout has opened the door for a potential continuation of the pair’s upside move. Further Gains Likely After Consolidation  While some near-term consolidation may unfold following the breakout above 0.9101, further upside follow-through in the […]
NZD/USD Rises Toward 0.6150 After The RBNZ Decides To Keep OCR Unchanged

NZD/USD Rises Toward 0.6150 After The RBNZ Decides To Keep OCR Unchanged

Photo by Thomas Coker on Unsplash NZD/USD received support as RBNZ maintained the interest rate at 5.5% as inflation remained elevated. RBNZ is expected to maintain higher rates for longer as annual CPI remains above the 1-3% target band. Fed’s Susan Collins stated that progress toward interest rate adjustment will take longer. The NZD/USD pair rebounded after two days […]
Gold Price Clings To Mild Losses Ahead Of FOMC Minutes

Gold Price Clings To Mild Losses Ahead Of FOMC Minutes

Image Source: Pixabay Gold price trades with mild negative bias in Wednesday’s early Asian session. The cautious approach from Fed officials weighs on precious metals.  Gold traders will monitor the  FOMC Minutes and Fed’s Goolsbee speech.  Gold price (XAU/USD) trades on a negative note on Wednesday after retreating from a record high on Monday. Members of the Federal Reserve (Fed) warned […]
Declining Labor Share: Measurement And Causes

Declining Labor Share: Measurement And Causes

Image Source: PixabayThe “labor share” refers to the share of income in an economy paid to labor. Back in the dark ages of the late 1970s and early 1980s when I first started studying economics, it was often assumed that the labor share was more-or-less a constant term over decades. But in the last two decades, […]
Aluminum Jumps To 23-Month High Amid Ongoing Aussie Production Issues

Aluminum Jumps To 23-Month High Amid Ongoing Aussie Production Issues

Image Source: PixabayFrom coffee to cocoa, orange juice to gold, and silver to copper, commodity prices are spiking across the board (we outlined this on Monday). The latest surge occurred Tuesday when aluminum tagged 23-month highs due to ongoing production issues emerging from Australia. The broad-based commodity rally signals the inflation storm central bankers are battling is not over. Rio Tinto, one of the largest aluminum producers, declared […]
Financial Markets Report For Tuesday, May 21

Financial Markets Report For Tuesday, May 21

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, May 21.Video Length: 00:18:06More By This Author:Metals Report For Monday, May 20SPDR ETF Report For Monday, May 20Financial Markets Report For Monday, May 20
VanEck’s Ethereum spot ETF listed on DTCC under ticker $ETHV

VanEck’s Ethereum spot ETF listed on DTCC under ticker $ETHV

VanEck’s proposed spot Ethereum ETF has appeared on the Depository Trust and Clearing Corporation’s (DTCC) new securities list with the ticker $ETHV. This development comes shortly after Cboe released amended 19b-4 forms. ETHV: VanEck’s Ethereum ETF Awaits SEC Approval, Listed on DTCC While the DTCC listing is a crucial step for the ETF, it does not guarantee […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 21

Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 21

Image Source: UnsplashBoth the Nasdaq and S&P 500 continued to make progress to the upside albeit within a “choppier” environment trading-wise. New highs within the current sequences continue to suggest an additional smaller price trough is likely before a stronger upside move. From the high should it complete the sequences on a minute, minute, Minor and […]
Death Of Iranian President Carries Gold, Copper To New Record Highs

Death Of Iranian President Carries Gold, Copper To New Record Highs

Image Source: PixabayAmid ongoing tension in the Middle East, Iranian President Ebrahim Raisi and the foreign minister have been confirmed dead Monday after a helicopter crash. The officials’ shocking demise casts additional investor doubt on a region already plagued by economic upheaval, with supply chain uncertainties fueling record-high metal prices this week.Inside Iranian borders, the president’s death has […]
EUR/USD Eased From 1.0880 On Monday As Looming Rate Differential Weighs

EUR/USD Eased From 1.0880 On Monday As Looming Rate Differential Weighs

Image Source: Pixabay EUR/USD drifts down as Greenback bids mix with ECB cut expectations. Fedspeak talks down Fed cut hopes, but stubborn markets continue to hope. ECB geared for a summer rate cut, but mismatched talking points muddy the waters. EUR/USD eased back from 1.0880 on Monday as talking points from Federal Reserve (Fed) officials weighed on otherwise […]