FX

Share: Retail Sales Overview Early Friday, around 01:30 AM GMT, the market sees preliminary readings of Australia’s seasonally adjusted Retail Sales for April month. Market consensus suggests an easing in the seasonally adjusted monthly print to 0.2% MoM, suggesting more headwinds for the pressure Reserve Bank of Australia (RBA), especially after the Reserve Bank of

Share: Losses in the Krona over the past week have exceeded those of any other G10 currencies. Economists at ING note that SEK recovery path remains very narrow, and almost fully dependent on market dynamics. It is up to the market to turn the tide for the Krona “The near-term outlook remains grim and it

Share: Stock Market Report:NASDAQ & NYSE. SP500,NASDAQ 100, Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL,Bank of America BAC.Stock Market Summary: A mixed bag of corrective patterns, the main pattern is an (a) (b) (c) pattern.Elliott Wave Analysis: Nasdaq Wave

Share: US Dollar jumps higher as a flight to safe havens rolls through the markets at the start of the US session on Wednesday.  US debt-ceiling talks in stalemate while CME Fed futures are at 50% for another hike in July. US Dollar Index flirting with 104 as a new high for April and May

Share: USD/CAD is oscillating in a narrow range around 1.3500 ahead of FOMC minutes. Republicans are not agreeing on levying extra taxes on the Wealthy community or supporting higher spending initiatives. The oil price has printed a fresh three-week high around $74.00 as global central banks are reaching the terminal rate. The USD/CAD pair is

Share: US Dollar gains some ground further into the European session after its start in the Asian start on Tuesday. US debt-ceiling talks and geopolitical tensions triggered by Chinese ban on Micron lead the market action. US Dollar Index pairs back incurred losses from Monday.  The US Dollar (USD) is on a tear on Tuesday

Share: “Meeting with US President Joe Biden was ‘productive’ but no agreement had yet been reached on the debt ceiling,” said US House Speaker Kevin McCarthy late Monday per Reuters. The US policymaker spoke after his much-anticipated meeting with US President Biden. It’s worth noting that a US Republican Patrick Mchenry also crossed wires, via Reuters

Share: CNY weakened sharply last week. Economists at Commerzbank expect Yuan to remain under downside pressure. CNY weakness should remain in the near term “Last Friday, the PBoC issued a statement that vowed to curb speculation and called for more stability in the foreign exchange market. The announcement came as a surprise given that the

Share: “The Shadow Board is divided over whether the Reserve Bank should increase the Official Cash Rate (OCR) in the May Monetary Policy Statement,” said the New Zealand Institute of Economic Research (NZIER) in its latest report. The update becomes important for the NZD/USD traders ahead of this week’s Reserve Bank of New Zealand (RBNZ) monetary

Share: WTI bulls move in for the kill from support. The $72s are on the bulls radar. WTI is trying to correct but remains down on the day as the black gold consolidates into the weekend at around $71.85. From a point of view from analysts at TD Securities, ´´the positioning set-up in energy markets remains extremely

Share: USD/MXN eyes its first weekly gain since April 28, currently trading at 17.7767, as risk-off sentiment prompts outflows from the emerging market Peso. US Treasury Secretary Janet Yellen’s comments and Fed Chair Jerome Powell’s remarks on inflation triggered a shift towards safe-haven assets like the US Dollar. Banxico’s halt on its rate hike cycle

Share: Oil price reverses gains and marks a decline on Friday after Republicans walked out debt-ceiling talks with President Biden.  The US Dollar dips as safe-haven demand dries up on easing debt-ceiling worries, Oil is mainly priced in USD.  Downside for the US Dollar is likely to be contained amidst heightened inflation expectations.  Oil price

Share: GBP/USD bulls eye a continuation toward 1.2500. Meanwhile, a correction could be on the cards. As per the prior analysis, GBP/USD Price Analysis: Bulls are lurking in demand area, the price has moved into key resistance and this leaves the outlook for next week´s initial balance weighted to the downside as the following illustrates: GBP/USD

Share: Economists at the Bank of America expect the USD/JPY pair to remain elevated for the rest of the year before falling in 2024. Carry factor to weigh against the JPY “We maintain a bearish view on the Yen against the USD for the remainder of 2023, expecting the carry factor to weigh against the

Share: The economic calendar is light on Friday. During the Asian session, New Zealand will report on exports and imports, as well as Credit Card Spending. Japan will release inflation data and the Tertiary Industry Index. Later in Europe, the highlight will be German wholesale inflation. The rally of the US dollar is in focus,

Share: Upside in Oil remains amid an undersupplied market, according to strategists at UBS. Several main reasons to expect the Oil market to be under supplied in coming months “We now see the Brent price reaching $95 a barrel by the end of this year, down from our previous forecast of $105/bbl, as we expect

Share: Wall Street stocks rally on optimism in earnings and the debt ceiling outlook.  US500 index is tracking higher towards key resistance area.  US stock indexes rose on Wednesday and the S&P 500 was up 43  points, or 1.07%%, at 4,153 at the time of writing. The index made a high of 4,164.67 on the day, rising from

Share: EUR/USD is coming under pressure again. Economists at ING expect the pair to test the 1.0800 level. Pressure on 1.0800 coming? “We keep stressing how 1.0800 is probably a key benchmark level to gauge market sentiment about the US debt-ceiling story.” “We could see some good support at 1.0800, and a break lower could