BoJ Governor Kazuo Ueda addressed the parliament today, indicating that the central bank is prepared to adjust its level of monetary support if underlying inflation accelerates as forecasted. Ueda added, “If our economic and price Read more…
Short Term Elliott Wave in Dollar Index (DXY) shows incomplete bearish sequence from 4.17.2024 high. Down from there, wave 1 ended at 104.08 like the 1 hour chart below shows. Rally in wave 2 unfolded Read more…
Key Highlights Crude oil prices extended losses below the $76.80 support. There was a break below a key expanding triangle with support at $76.20 on the 4-hour chart. GBP/USD gained pace for a move above Read more…
US 10-year Treasury yield dropped significantly overnight, marking its most substantial one-day decline since last December. This sharp fall was triggered by disappointing economic data, revealing contraction in manufacturing activity for the second consecutive month. Read more…
Japan’s Finance Minister Shunichi Suzuki confirmed today that recent interventions in the currency market had a notable impact on stabilizing Yen. During a press conference following a regular cabinet meeting, Suzuki explained that the interventions Read more…
WTI broke key support level 76.70 Likely to fall to support level 72.00 WTI crude oil recently broke the key support level 76.70 (which has been steadily reversing the price from the middle of February). Read more…
Silver reversed from support level 29.70 Likely to rise to resistance level 32.00 Silver recently reversed up from the key support level 29.70 (former monthly high from April), which stopped the previous intermediate impulse wave Read more…
Swiss franc has extended its gains on Monday. USD/CHF is trading at 0.8961 in the North American session, down 0.68%. Swiss franc rally continues The Swiss franc posted its strong weekly gain of the year Read more…
Macro factor (10-year US Treasury yield) has likely taken over the driver’s seat in dictating the short to medium-term directional movements of the major US stock indices. Last Friday, 31 May key intraday bullish reversals Read more…
The future of ‘Inside The NBA’ is in question. With multiple reports stating that Warner Bros. Discovery (WBD) could lose the rights to the NBA starting the 2025-26 season, TNT’s beloved studio show could be Read more…