Category: Analysis

In focus today In the US, we await the preliminary May consumer sentiment survey from University of Michigan, which will provide markets with the latest sense of how consumers are feeling after the tariffs took effect. Earlier surveys have shown a sharp deterioration in future expectations and rapid upticks in inflation expectations. In the euro…

The US–China 90-day deal shows that actual outcomes are typically less bad than the ambit claims the Trump administration first announces. Once again, the US administration has shown that its initial announcements are usually ambit claims. These claims are rolled back to something less self-destructive, so long as the other party is willing to offer…

Key Highlights USD/JPY started a downside correction and traded below 147.20. A connecting bullish trend line is forming with support at 144.50 on the 4-hour chart. EUR/USD could aim for a recovery if it clears the 1.1280 resistance. Gold prices dipped further and traded below $3,200. EUR/USD Technical Analysis The US Dollar failed to continue…

The analysis in this article is a follow up from Gold (XAU/USD) Slides 2.2% to One-Month Lows. $3150 incoming? Gold prices have surged around 3% from the Asian session lows around the $3125/oz handle. Gold had surged toward the $3180/oz handle ahead of the US open thanks in large part to a weaker US Dollar.…

Gold: ⬆️ Buy Gold reversed from support zone Likely to rise to resistance level 3300.00 Gold recently reversed up from the support zone located between the pivotal support level 3155.00 (former top of the impulse wave 3 from the start of April), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse…

GBPAUD: ⬆️ Buy GBPAUD reversed from the support zone Likely to rise to resistance level 2.1000 GBPAUD currency pair recently reversed up from the support zone between the pivotal support level 2.050 (which has been reversing the price from the end of March), the lower daily Bollinger Band and the 61.8% Fibonacci correction of the…

The New Zealand dollar is down for a second straight day. In the North American session, NZD/USD is trading at 0.5872, down 0.45% on the day. New Zealand inflation expectations projected to rise New Zealand releases inflation expectations for the first quarter on Friday. Inflation expectations can manifest into actual inflation and are considered a…

The British pound is in positive territory on Thursday. In European session, GBP/USD is trading at 1.3287, up 0.23% on the day. UK GDP gives the pound a boost The British economy expanded 0.7% q/q in the first quarter, below the 1% gain in Q4 2024 but just above the market estimate of 0.6%. This…

The S&P 500 Index has surpassed levels from the beginning of the year, up about 23% from the lows reached in early April. The market is currently just 4% below the area of highs that functioned as active resistance from December to February. This raises the question of whether resistance at the 6,000 point level…

Markets Asian currencies remained among the best performers today. They still thrive on yesterday’s rumours of the US and South Korean having talked about FX policy even though sources later denied the news. Similar speculation of local governments ready and willing to beef up their currency as a bargaining chip in trade talks with the…