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EUR/JPY Price Analysis: Bearish Divergence Hints At Further Weakness

EUR/JPY Price Analysis: Bearish Divergence Hints At Further Weakness

EUR/JPY is showing acute bearish divergence on the weekly chart compared to 2023.  This indicates the potential for a pullback on the horizon.  A negative close next week would provide further evidence of a correction forming. EUR/JPY is in a long-term uptrend distinguished by the rising peaks and troughs in price on the weekly chart.The pair’s price […]
Signs Of A Thaw In The Frozen Existing Homes Market, But A Very Long Way To Go

Signs Of A Thaw In The Frozen Existing Homes Market, But A Very Long Way To Go

There’s no big economic news today, but yesterday existing home sales were released. While they have historically constituted up to 90% of the entire market, they have much less economic impact than new home sales, which involve all sorts of construction activity, followed by landscaping, furnishings, and other sales.Since the Fed started raising rates two […]
Lululemon Shares Tumble On Cautious Consumer Outlook

Lululemon Shares Tumble On Cautious Consumer Outlook

Lululemon’s stock plunged in premarket trading as the company’s forecast for first-quarter net revenue fell short of Wall Street’s expectations. The athleisure brand blamed a slowdown in sales at its US stores for the underwhelming sales forecast. Additionally, Lululemon announced that fourth-quarter adjusted earnings per share missed estimates, prompting analysts to lower their price targets.Late […]
Growth Over Inflation

Growth Over Inflation

S&P 500 post FOMC continued as per the premium call „the rally will go on this week thanks to liquidity, and won‘t offer deep dips“ – the market breadth was good, ad key sectors (XLF and XLY) leading were accompanied to a sufficient degree by tech.While the immediate post FOMC conclusion was that of dovish […]
Profit Taking Bites

Profit Taking Bites

Gold and silver both had spectacular weeks, with gold peaking at a record $2222 overnight on Thursday and silver at $25.75, before profit-taking set in. In European trade this morning, gold was trading at $2166, up $4 on balance from last Friday, and silver at $24.58  was off 60 cents. Comex volumes were moderate except […]
The Commodities Feed: Stronger USD Weighs On The Complex

The Commodities Feed: Stronger USD Weighs On The Complex

Image Source: Pexels  Crude oil has retreated this week as a stronger US dollar and profit booking at higher prices weighed on sentiment. The natural gas withdrawal season comes to an early end this year with inventory still around 41% above the five-year average.  Energy: Oil gives up some of the gainsOil prices softened in the early trading […]
German Ifo Index Improves In March

German Ifo Index Improves In March

Image Source: Pexels  The March Ifo index suggests that the bottoming out of the German economy is getting broader.Is this a new discovery of optimism? Germany’s most prominent leading indicator, the Ifo index, just pointed to some signs of life and increased to 87.8 in March from 85.7 in February. But before popping the corks, let’s […]
GBP/USD Faces Sharp Decline Amid BoE’s Monetary Policy Stance

GBP/USD Faces Sharp Decline Amid BoE’s Monetary Policy Stance

Photo by Colin Watts on Unsplash   As of Friday, the GBP/USD pair hovered around 1.2642, following a substantial decline. The Bank of England (BoE) has yet to find reasons to lower the interest rate, indicating intentions to maintain high rates for an extended period to support the necessary inflation level in the country. The BoE’s monetary policy remains […]
Swiss Central Bank Sent A Warning To The World

Swiss Central Bank Sent A Warning To The World

Image source: Pixabay  Few were expecting anything more than a few franc sales from the Swiss National Bank. Instead, the SNB boldly cut its ST rate specifically because it knows what’s coming from around the rest of the world. And that doesn’t mean inflation in Switzerland or anywhere else.Video Length: 00:18:34More By This Author:It Finally Happened […]
Gold Price Surges To New Highs Above $2200 Level

Gold Price Surges To New Highs Above $2200 Level

Gold chart analysisOn Wednesday evening, the price of gold rose to a new all-time high at the $2222 level. After that, the price made a retreat to $2200, which it tried to consolidate yesterday. With the start of the US session, the price of gold begins to retreat and falls to the $2165 level. During […]