FX

The Euro (EUR) is expected to edge lower; due to mild momentum, any decline is unlikely to break clearly below 1.0860. In the longer run, chance of EUR breaking below the major support zone of 1.0860/1.0885; it remains to be seen if it can maintain a foothold below these levels, UOB Group’s FX analysts Quek

The Dow Jones slipped back below 43,000 on Tuesday. Markets are softer on Tuesday after ripping into new records this week. Weak points in tech sector are leading equities lower despite broad earnings beats. The Dow Jones Industrial Average (DJIA) trimmed lower on Tuesday despite starting the day with a fresh all-time peak bid. The

The USD/CAD pair may find the barrier around the upper boundary of the ascending channel at the 1.3870 level. The 14-day RSI signals an overbought condition, suggesting that a potential downward correction could be on the horizon. Potential support appears at the lower boundary of the ascending channel around the 1.3770 level. USD/CAD continues its

Federal Reserve (Fed) Board of Governors member Christopher Waller noted on Monday that recent US inflation data was a “disappointment”, threading the needle between dangling an increase in the pace of Fed rate cuts in the future while also expressing caution at the current pace. Key highlights I am less certain on destination than policy direction.

Gold price reverses an Asian session dip and climbs to over a one-week top on Monday.  Geopolitical risks and bets that the Fed will cut rates continue to underpin the XAU/USD.  Odds for a less aggressive Fed easing boost the USD and might cap gains for the commodity.  Gold price (XAU/USD) turns positive for the

AUD/USD prints gains on Friday after US Producer Price Index (PPI) data showed inflation easing. The US Core PPI rose by 0.2% MoM as expected, while annual PPI declined to 1.8%, increasing the likelihood of a Fed rate cut. Swaps markets show a 95.6% chance of a 25 bps Fed rate cut in November, up

Gold gains 1% on Friday, set to end the week with 0.20% gains. US PPI data was slightly above expectations, suggesting inflation is down but stalling above target, while UoM Consumer Sentiment highlights concerns over rising living costs. Despite higher US Treasury yields, with the 10-year note rising to 4.081%, Bullion prices remain supported as

JPMorgan stock sails ahead on an impressive Q3 showing. GAAP EPS arrives 10% above Wall Street consensus.  Revenue benefits from investment banking, wealth management fees. Traders focus on setting new all-time high. JPMorgan (JPM) stock surged over 5% on Friday after the nation’s largest bank released earnings that strongly beat consensus. The Producer Price Index (PPI)

The Dow Jones climbed into an all-time peak on Friday. US PPI figures showed September producer-level inflation stayed flat overall. Upbeat bank earnings helped to further bolster equities. The Dow Jones Industrial Average (DJIA) rose over 400 points bottom-to-top on Friday, bolstered into a fresh record high of 42,837 after US Producer Price Index (PPI)

ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA Elliott Elliott Wave Technical Analysis TradingLounge Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COMMONWEALTH BANK OF AUSTRALIA. – CBA. We see CBA about to enter wave 5 to push higher, but it needs a little more time to complete wave 4. ASX: COMMONWEALTH BANK

Sticky US CPI data and hawkish comments from Fed officials lent extra support to the Greenback on Thursday prior to the release of further inflation metrics at the end of the week. Here is what you need to know on Friday, October 11: The US Dollar Index (DXY) rose past the 103.00 barrier to reach

The Japanese Yen dropped to a two-month low against the USD amid the BoJ rate-hike uncertainty.  Some repositioning trade ahead of the US CPI report prompts profit-taking around the USD/JPY pair.  Rising bets for a 25 bps Fed rate cut move in November to limit losses for the USD and spot prices. The Japanese Yen

The Dow Jones added nearly a full percent on Wednesday, climbing over 350 points. Equities are staging a rebound after the week’s early declines. FOMC Meeting Minutes reiterate need to be ‘data dependent’ moving forward. The Dow Jones Industrial Average (DJIA) rallied another 350 points on Wednesday, extending a bullish turnaround after an early-week decline

USD/CHF gains ground to near 0.8575 in Wednesday’s early European session.  Reduced bets of a jumbo Fed rate cut in November support the USD ahead of the FOMC Minutes.  The escalating Middle East geopolitical tensions might cap the pair’s upside.  The USD/CHF pair trades on a stronger note to around 0.8575 during the early European

EUR/GBP declined 0.10% on Tuesday and remains in a range, but bullish bias intact. RSI, flat MACD support a balanced outlook. EUR/GBP should hold above 0.8380 to confirm bullish bias. The EUR/GBP pair remains confined within a recent range and declined by 0.10% on Tuesday to 0.8380. However, the larger time frame bias remains bullish,

Short Term Elliott Wave View in GDX suggests the zigzag correction should find support towards extreme areas before resume higher to finish the impulse sequence from 5-August, 2024 low. It is showing higher high sequence in daily from September-2022 low and expect short term rally to continue against August-2024 low. Since 5-August, 2024 low, it

Mexican Peso slumps after hitting a low of 19.18, driven by risk-on sentiment favoring the US Dollar. Mexico’s economic docket highlights an increase in the Jobless Rate to 3.0%, with focus turning to upcoming inflation data and Banxico’s September meeting minutes. US Nonfarm Payrolls for September exceeded expectations last Friday, adding 254K jobs as the

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ARISTOCRAT LEISURE LIMITED – ALL. We see wave (v)-orange of wave ((iii))-navy still unfolding to push higher. ASX: Aristocrat Leisure Limited – One-day chart Function: Major trend (Minor degree, grey).  Mode: Motive.  Structure: Impulse.  Position: Wave (v)-orange of Wave ((v))-navy.   Details: Wave (iv)-orange probably ended