Updates from the US housing and energy sectors heavily rebuff the idea of reflation. There is supposed to be resurgent demand when new data shows the opposite, including a shocking crash in one critical segment.

The GBP/USD exchange stabilized as the recent sell-off took a breather after the latest UK inflation data and a statement by Andrew Bailey.

Asian share markets are mixed today after US shares extended their losing streak to the longest since January 2024.

EUR/USD rebounds to 1.0688 amid the weaker US Dollar on Thursday. 

Amidst slightly calmer FX conditions, investor attention is drawn to an overnight press release from the Finance Ministers of Japan, Korea, and the US, where the Asian nations expressed their concerns over the recent depreciation of the yen and won.

In this video, Ira Epstein reviews the day's trading in various SPDR-ETF markets for the trading day ended, Wednesday, April 17.

A heavy tape was interrupted by a modestly soft 'Beige Book', but the latest threats from Iran suppressed that, which implies the Fed has reason to be nervous.

The second wave correction is likely to go down to test the 10.585 level before rising again in the third wave. Therefore, the overall picture is a short-term pullback to continue rising.

Since 2021M01, the CPI has risen 17.3% (log terms). By comparison, chained CPI and HICP have risen by approximately 16.5%. The PCE deflator has risen only 14.4% by March 2024.

It’s quite clear that the heady, new-highs-every-day insanity ended on March 28th. Since then, in stages, things have begun falling to pieces.

In this video, Ira Epstein reviews the day's trading in the gold and other relevant metal markets.

Gold price recovers its recent losses, trading around $2,370 per troy ounce during the Asian session on Thursday. The safe-haven yellow metal gains ground as traders exercise caution amidst heightened geopolitical tensions in the Middle East.

EURUSD has displayed a promising sign, potentially interrupting its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair.

Tesco is one of the largest food retailers in the world, operating thousands of stores in the United Kingdom, Ireland, and Europe. Over the past year, Tesco’s share price rose about 7.75% from $9.93 to $10.70 as of Wednesday’s market close.

The short-term Elliott Wave view in EURJPY suggests that a rally to 165.35 ended wave 3. Wave 4 pullback unfolded as a double three Elliott Wave structure. Down from wave 3, wave ((w)) ended at 162.59, and wave ((x)) ended at 165.17.

The positive trend of rising earnings estimate revisions looks likely to continue for these top-rated stocks after exceeding their Q1 bottom-line expectations.

The Dow, S&P 500, Nasdaq, and Russell 2000 all came in at the opening bell in the green, only to see trading slip away and close near session lows.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, April 17.

Stocks finished the day lower despite an early morning rally attempt. The S&P 500 finished down by almost 60 bps to close at 5,022. The index is nearing that all-important 5,000 big gamma level heading into Friday’s OPEX.

Both the ES and the NQ appear to have completed the smaller 4th waves within the ongoing "C" waves down to complete the Minor 4th waves I'm currently counting.