AUD/NZD dips mildly to 1.0821 during Monday’s session. Markets are eyeing Australia’s April CPI and Retail Sales updates this week. Investors will eye New Zealand’s May ANZ business survey, which is expected to reveal a slowdown in activity. The AUD/NZD is presently trading with mild fluctuations, expecting key figures from Australia and New Zealand along the
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Trading has been characteristically subdued in the Monday’s Asian session. Japanese Yen is have a broad but weak recovery, with no clear indication of a reversal from its recent selloff. Australian and New Zealand Dollars are also mildly firmer, following rebound in Asian stocks. Meanwhile, Swiss Franc and Euro are among the softer currencies, while
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S&P 500 Elliott Wave Analysis Trading Lounge Day Chart, S&P 500 Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Gray wave 5. Position: Orange wave 1. Direction next lower degrees: Orange wave 2. Details: Gray wave 4 looking completed, now gray wave 5 of orange wave 1 is in play. Wave Cancel invalid level: 4926.59. The S&P 500 Elliott Wave Analysis on the
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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
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UPCOMING EVENTS: Monday: UK/US Holidays, German IFO. Tuesday: Australia Retail Sales, Canada PPI, US Consumer Confidence. Wednesday: Australia Monthly CPI, Fed Beige Book. Thursday: Switzerland GDP, Eurozone Unemployment Rate, US GDP 2nd Estimate, US Jobless Claims. Friday: Tokyo CPI, Japan Retail Sales and Industrial Production, China PMIs, Switzerland Retail Sales, Switzerland Manufacturing PMI, Eurozone Flash
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