Category: Analysis

The European Open European stocks pulled back from two-month highs on Wednesday, with JD Sports and Julius Baer shares leading the decline. Meanwhile, investors stayed cautious, watching U.S. trade talks and the tax bill debate. The pan-European STOXX 600 index dropped 0.4%, with retail and auto stocks leading the decline Swiss bank Julius Baer saw…

The price of gold rose to $3,303 per troy ounce on Wednesday, nearing a two-week high. The precious metal gained for the third consecutive day, following a 2% surge the previous day as investors sought safety amid heightened geopolitical uncertainty. Key drivers behind the rally Middle East Tensions: fears of escalation increased over a potential…

Pound hits highest level since Feb. 2022 The British pound posted gains earlier but has failed to consolidate. In the European session, GBP/USD is trading at 1.3395, up 0.03% on the day. The pound has gained 1.1% this week and earlier today rose as high as 1.3468, its highest level since Feb. 2022. UK inflation…

As shown on today’s XBR/USD chart, Brent crude oil prices have jumped (as indicated by the arrow) to a one-week high. This surge follows U.S. intelligence reports suggesting that Israel may be preparing to strike Iran’s nuclear facilities. Although CNN, citing officials, noted that it remains unclear whether Israeli leaders have made a final decision,…

Markets Core bond yields finished higher yesterday. US rates added up to 6.7 bps and Germany up to 5 bps at the very long end of the curve (30-yr). That happened in a session stripped of important economic data but in the wake of Japanese long-term bond yields (>=30y) surging to records highs. The specific…

US equities retreated yesterday—ending a six-day rally—and the US dollar weakened as the selloff in long-term US Treasuries continued. The move came amid fraught budget negotiations in Washington over deficit spending and a proposed giant tax-cut bill, further exacerbated by Moody’s recent US rating downgrade. The concern is simple: if the US can’t cut spending…

In focus today This morning, Danske Research hosts a webinar on the US-China outlook following last week’s trade deal. The UK CPI inflation data for April is set to be a significant release, particularly for the BoE, as it has historically led to notable market reactions. Consensus anticipates services inflation to increase to 4.8% y/y…

The short-term Elliott Wave analysis for EURUSD indicates that the correction from the April 21, 2025, high has concluded with wave (4) at 1.1059. From the wave (3) peak, the decline unfolded as follows: wave W ended at 1.1265, wave X at 1.1381, and wave Y, structured as a zigzag, completed at 1.1059. Within wave…

EUR/USD started a decent upward move above the 1.1225 resistance. USD/JPY declined below 144.50 and is currently consolidating losses. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro found support and started a recovery wave above the 1.1250 resistance zone. There is a connecting bullish trend line forming with support at 1.1280 on the…

Platinum: ⬆️ Buy Platinum broke the resistance level 1005.00 Likely to rise to resistance level 1080.00 Platinum recently broke the resistance level 1005.00, former monthly high from February and March, as can be seen from the daily Platinum chart below. The breakout of the resistance level 1005.00 increased the bullish pressure on Platinum. Having just…