German Consumers Take An Optimistic Turn
A better-than-expected improvement in consumer confidence not only adds to recent positive macro news out of Germany but also gives hope that private consumption could pick up over the coming months.
Japanese Yen Hits All-Time Low As BoJ Meeting Commences
The USD/JPY pair reached an all-time high on Thursday, touching the 155.50 level.
The Government Spent $11 Trillion
The amount of money the federal government has redistributed over the past four years is incomprehensible.
Thoughts For Thursday: Stock Indices Stay Steady Amid Corrections
So far April has been a month for corrections but the major indices have kept a steady keel from Tuesday to Wednesday, this week. Middle East tensions are keeping oil prices high.
Two Trades To Watch: EUR/USD, FTSE Forecast
EUR/USD rises after German consumer confidence & ahead of US GDP data.
Elliott Wave Technical Analysis: Natural Gas - Thursday, April 25
Natural Gas is currently breaching the previous April low, marking a decisive move as the impulse initiated on 5th March continues its downward trajectory.
Gold & Silver Could Spike In Next 12-18 Months
The second half of 2024 will be stronger than the first for both metals and they have the potential to spike in the next 12 to 18 months.
Copper Market Commentary - Thursday, April 25
Copper prices are pushing higher again on Thursday following a brief correction lower in recent days.
QCOM Wants To Create Competition In The AI Chip Market
On Wednesday, chip developer Qualcomm announced its latest chips designed to run Windows software on laptops.
AUD/USD Forex Signal: More Upside Ahead Of US PCE Data
The AUD/USD pair retreated slightly as traders refocused on the upcoming US GDP and PCE economic numbers.
Sensex Today Trades Flat; Nifty Below 22,350
Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares.
EUR/JPY Price Analysis: Extends Its Upside Above 166.50 Amid The Overbought Condition
EUR/JPY gains traction near 166.85 on Thursday, the highest level since 2008.
FX Daily: When The Second Decimal Place Counts
There will be quite a lot of attention on today’s first quarter US core GDP price deflator and what it means for tomorrow’s release of the March core PCE figure.
Market Briefing For Thursday, April 25
Data has been hawkish- enough to keep traders jittery about the future as regards monetary policy and interest rate loosening.
Gold price lacks firm intraday direction, holds steady above $2,300 ahead of US data
Gold price remains confined in a narrow band for the second straight day on Thursday. Reduced Fed rate cut bets and a positive risk tone cap the upside for the commodity.
CBA Stock Analysis & Elliott Wave Technical Forecast
The short-term outlook indicates a fairly rapid and strong price increase from the low of 109.94, suggesting that the 2-red wave has concluded, and the 3-red wave is unfolding.
Stocks Stall Ahead Of Massive Data Dump And Earnings
Stocks finished flattish on the day, but we are moving into the busiest part of the week. Now that Meta’s results are out of the way, we will have GDP and PCE to finish the week off, along with earnings from Microsoft and Alphabet.
The Bear Market Rally Of Oct22-Mar24 Is Over
The bear market rally which began on October 13, 2022 with an intraday low of 3,492 topped on March 28, 2024 with an intrday high of 5,265. From top to bottom the S&P rallied about 50%.
GBPUSD Reverses Course: Downtrend Over Or Bullish Correction?
GBPUSD’s recent price action indicates a potential shift in momentum. This analysis examines the technical situation and explores potential scenarios for the currency pair.
Elliott Wave Intraday Analysis On GBPUSD Shows 5 Waves Bullish Impulse
Elliott Wave view on GBPUSD suggests that rally from 10.4.2023 low takes the form of an impulsive structure. Up from 10.4.2023 low, wave (1) ended at 1.2828.