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Markets Wherever you look, there’s serious political risk with public finances as the common root cause. A cost of living crisis in Japan and public discontent with the government’s response (ie. relief measures) triggered the demise of the LDP’s majority in both houses of parliament. LDP leader and PM Ishiba had to give way for […]

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EUR/USD Edges Lower Amid Heightened Political Uncertainty

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04/01/2024

AUDUSD Shows Some Upside Recovery Again

AUDUSD remains in bullish territory 50- and 200-day SMAs ready for bullish cross Stochastic looks oversold AUDUSD is recouping some losses of the preceding four red days after it found strong support at the 20-day simple moving average (SMA). Given the current positive momentum, the question now is whether the pair will stay resilient above […]
22/12/2023

GBP/USD Shrugs After Mixed UK Data

UK retail sales jump 1.3%, GDP contracts by 0.1% US to release PCE Price Index on Friday The British pound is drifting on Friday. In the European session, GBP/USD is trading at 1.2701, up 0.08%. UK retail sales rebound but GDP contracts UK retail sales jumped 1.3% in November m/m, bouncing back from 0% in […]
05/02/2025

Gold: Stagflation Fears Supporting Fresh New All-Time Highs

5-year and 10-year US breakeven inflation rates have just staged a major bullish breakout from a two-year plus of basing formation. Trade War 2.0 involves the US and other major trading partners that may disrupt international trade and dampen global economic growth. The resurgence of stagflation risk has triggered bullish movements on Gold (XAU/USD). Watch […]