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 prices are pushing higher again on Thursday following a brief correction lower in recent days.

On Wednesday, chip developer Qualcomm announced its latest chips designed to run Windows software on laptops.

The AUD/USD pair retreated slightly as traders refocused on the upcoming US GDP and PCE economic numbers.

Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares.

EUR/JPY gains traction near 166.85 on Thursday, the highest level since 2008.

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.

Data has been hawkish- enough to keep traders jittery about the future as regards monetary policy and interest rate loosening.

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.

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 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 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’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 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.

The second wave correction in the Expanded Flat pattern, where we are in the middle of a decline in Wave C, will have five extended internal sub-waves.

Ether price witnessed a severe drop a few days ago, currently failing to maintain a trading position around $3,300. Whenever ETH approached the $3,000 mark, buyers stepped in, defending the support.

The Japanese Yen continues losing ground amid the divergent BoJ-Fed policy expectations. The recent intervention warnings by Japanese authorities do little to provide any respite.

GBP/USD trades on a weaker note around 1.2460 in Thursday’s early Asian session. The US Durable Goods Orders rose 2.6% in March, compared to the 0.7% increase (revised from 1.4%) in February.

Explore the latest Elliott Wave analysis for global stock indices including S&P 500, NASDAQ 100, and DAX 40, focusing on Meta Platforms and Amazon. Discover potential support levels and future market trends in our comprehensive review, helping in..

Tokyo desks are currently on high alert for any signs of intervention ahead of Friday's BOJ meeting, waiting for the “BOJQ on 20 million pls” to come through on the direct dealer machine.