AUDJPY Wave Analysis
AUDJPY reversed from resistance level 95.66 Likely to fall to support level 92.00 AUDJPY currency pair recently reversed down from the strong resistance level 95.66 (which stopped the multi-month uptrend in April), coinciding with the upper daily Bollinger Band. The...
Gold Price Technical Analysis 13th June 2022
Gold price started a fresh increase from the $1,825 support zone against the US Dollar. The price broke the $1,840 resistance to move into a positive zone. Besides, there was a clear move above a major bearish trend line with...
Stagflation Worries Pushed Dollar and Yield Higher, Stocks Lower
Worries of stagflation intensified a whole lot last week. In particular, even the habitually cautious ECB pre-committed to rate hikes in July and September, while delivering new economic forecasts with sharply higher inflation and lower growth projections. Selloff in risk...
Weekly Economic & Financial Commentary: SNB and BoE Hold Policy Meetings Next Week
Summary United States: Prices Push Higher in May, Signaling Little Immediate Relief for Consumers Consumer price inflation continued to push higher in May, with the consumer price index rising more than expected and lifting the annual rate of inflation to...
The Weekly Bottom Line: The Good, the Bad and the Ugly
U.S. Highlights U.S. CPI came in above expectations, with the headline reading reaching a new 40-year high. Core inflation also surprised with a broad-based acceleration. The U.S. trade deficit narrowed in April with both lower U.S. imports and rising exports...
U.S. Inflation Numbers Set the Stage for More Hikes from a Hawkish Fed
With inflation soaring, the U.S. Federal Reserve is widely expected to hike its target rate by another 50 basis points, taking it into the 1% range). And it’s not done yet. This morning’s May inflation numbers were once again above...
Brokerage industry looks for alternatives to payment for order flow amid SEC’s threatened crackdown
The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice. One idea is coming from Apex Clearing, CNBC has learned. The clearing firm handles trades for SoFi, Webull and...
GBPUSD Tumbles after Stronger US CPI Print
GBPUSD has been in a downtrend after it failed to jump beyond the 1.2600 region, generating a profound structure of lower highs and lower lows. Additionally, the price has sharply dropped beneath both the 200-period simple moving average (SMA) and...
Dollar Surges as CPI Reaccelerates on Energy and Food Prices
Dollar rises strongly in early US session after CPI data. Headline inflation reaccelerated with strong rise in energy and food prices From this perspective, there is little scope for Fed to pause tightening in September. It might instead continue its...
EUR/USD: Euro Stands at the Back Foot ahead of Today’s Key Event – US Inflation Data
The Euro is trading within a narrow consolidation in European session on Friday, but keeps negative tone, following 0.92% post-ECB drop on Thursday. The single currency lost ground as traders were disappointed by a lack of firmer signals from the...