FX

US Dollar broadly eased on Friday, but held close to flat against Yen. Japanese National CPI inflation ticked lower in April. Risk appetite recovered after US consumer inflation outlook improved. USD/JPY churned on Friday, wrapping up close to where it started the day, just below the 157.00 handle, as investors looked to recover balance after

The daily indicators remain in positive territory but somewhat flattened . The hourly charts reveal a temporary dip in the RSI and a MACD flattening, signaling a possible short-term consolidation. Pending bullish crossover between the 200 and 100-day SMA at 0.6040 could bolster the bullish momentum in future sessions. During Friday’s session, NZD/USD rose towards

DXY Index is trading at 104.7, showcasing 0.35% losses but will close the week with mild gains. Durable Good orders from the US came in higher than expected but didn’t trigger movement from Greenback. Fed maintains cautious stance on premature easing, hinting at lower chances for swift interest rate cuts which cushions the USD. The

Gold climbs 0.23% on Friday but is set for weekly drop above 3%. US Durable Goods Orders exceed expectations, though March’s revised down data softened the impact. XAU/USD recovers on mixed US data that weighs on US Dollar. Traders now anticipate only 25 basis points of Fed rate cuts in 2024, reducing expectations for easing.

Mexican Peso recovers slightly, breaking three-day losing streak. Mexico’s wider April trade deficit and slower economic growth are reported by INEGI. Banxico minutes show division on rate cuts amid ongoing inflation, emphasizing commitment to price stability. US Durable Goods Orders beat expectations, but March’s figures are revised down heavily. The Mexican Peso snapped three days

Silver price steadies above $30.00 but is prone to more downside amid multiple headwinds. The US Dollar strengthens as Fed supports maintaining interest rates at their current levels for longer. Strong US economic outlook has negatively impacted Fed rate-cut prospects for September. Silver price (XAG/USD) finds temporary support near the psychological support of $30.00 in Friday’s

The US Dollar climbed to multi-day highs on the back of diminishing bets of a rate cut in September, strong data from US business activity in May and a hawkish tilt from the FOMC Minutes. Here is what you need to know on Friday, May 24: The USD Index (DXY) rose to multi-session tops north

IBEX 35 (Spain)  Elliott Wave Analysis Trading Lounge Day Chart, IBEX 35 (Spain) Elliott Wave technical analysis Function: Trend     Mode: Impulsive Structure: Red wave 5 Position: Blue Wave 3 Direction next lower degrees: Blue wave 4 Details: Red wave 4 looking completed at 476. Now red wave 5 of 3 is in play. Wave Cancel invalid level: 4508     The

Canadian Dollar is broadly softer as CAD loses defensive posture. Canada brings only low-tier data until Friday’s Retail Sales. US Home Sales disappoint, Fitch warns of sticky inflation. The Canadian Dollar (CAD) slipped on Wednesday as broader market sentiment weakened. This dragged the CAD lower and sent bids into the US Dollar (USD). The Canadian

The Pound Sterling jumps to 1.2750 as UK inflation for April remains hotter than expected. UK annual core inflation rose by 3.9%, likely impacting BoE rate-cut hopes for August. The next move in the US Dollar will be guided by the FOMC minutes. The Pound Sterling (GBP) rallies to 1.2750 in Wednesday’s European session as

What you need to take care of on  Wednesday, May 22: Financial markets made no progress on Tuesday, with major pairs holding on to familiar levels and within tight ranges. The US Dollar saw a modest uptick amid a risk-averse environment, with Asian and European indexes closing in the red. Wall Street, however, managed to

Hang Seng Index Elliott Wave Analysis Trading Lounge Day Chart,       Hang Seng Index Elliott Wave technical analysis Function: Trend. Mode: Corrective. Structure: Red wave 2. Position: Blue wave 3. Direction next higher degrees: Red wave 3. Details: Red wave 1 looking completed at 19787.10. Now red wave 2 of 3 is in play. Wave cancel

Dow Jones briefly tipped into a new record high, but cautious tones remain. Fedspeak dominates headlines on quiet Monday, risk appetite hesitates. Rate markets still bet on September rate cut, but odds are easing. The Dow Jones Industrial Average (DJIA) tested into a new all-time record high on Monday, but price action is getting pushed

Gold price gains ground after reaching a record high on Monday.  The hopes for Fed rate cuts and escalating Middle East tensions boost safe-haven assets like gold.  Federal Reserve officials Bostic, Barr, Waller, Jefferson, and Mester are set to speak on Monday.  The gold price (XAU/USD) gains momentum on Monday. The yellow metal hit a

Cautious Fed officials and robust Q2 growth limits the USD downside. Markets continue to bet that the easing cycle will start in September. If data continues to underperform, the Fed might consider a July rate cut. The US Dollar Index (DXY) is currently trading at 104.50, maintaining a neutral stance. Strong The overall Q2 growth

Gold breaks above $2,400, nearing all-time high of $2,431. Lower April inflation in the US supports Gold’s rally, despite rising Treasury yields. Fed officials remain cautious, with December 2024 rate cut expectations slightly adjusted to 35 bps. Gold’s price skyrocketed during the North American session ahead of the weekend as XAU/USD traded above $2,400, posting

The daily chart reveals a strong bullish sentiment with indicators deep in positive territory. Hourly indicators show a flattening buying traction but remain positive. The pair closed its best week since November 2023. In Friday’s session, the NZD/USD rose to the 0.6137 level, demonstrating a strong bullish trend. After closing above its main Simple Moving

The British Pound registers gains of 0.21% against the US Dollar, although higher US Treasury yields failed to underpin the Greenback. At the time of writing, the GBP/USD pair trades at 1.2703 after bouncing off a daily low of 1.2644. Read More… The Pound Sterling (GBP) turns sideways in Friday’s American session after posting a fresh monthly high at