We don’t know how it does it, but it does it. Nvidia continues to defy gravity. It keeps announcing blowout results and advancing at an impressive pace, despite all the challenges the trade war throws Read more…
Daily Pivots: (S1) 1.1268; (P) 1.1307; (R1) 1.1329; More… EUR/USD’s break of 1.1255 support suggests that rebound 1.1064 has completed at 1.1417. Corrective pattern from 1.1572 is now extending with another falling leg. Intraday bias Read more…
Dollar’s rebound gather extra momentum today, after the US Court of International Trade struck down President Donald Trump’s sweeping reciprocal tariffs, giving markets a fresh catalyst. The court ruled that the reciprocal tariffs imposed in Read more…
RBNZ Governor Christian Hawkesby stold Bloomberg TV today that another rate cut at the July meeting is “not a done deal” and “not something that’s programmed.” With the OCR at 3.25% after this week’s reduction, Read more…
New Zealand’s ANZ Business Confidence index dropped sharply in May, falling from 49.3 to 36.6. Own Activity Outlook, a key indicator of firms’ expectations for their own performance, declined to 34.8 from 47.7. Profit expectations Read more…
The FOMC minutes from the May 6–7 meeting highlighted growing anxiety among policymakers about the dual threat of persistent inflation and deteriorating growth prospects, largely stemming from US trade policies. Nearly all participants flagged the Read more…
May 6–7, 2025 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, May Read more…
Key Highlights GBP/USD started a downside correction below the 1.3520 support. It traded below a key bullish trend line with support at 1.3450 on the 4-hour chart. EUR/USD trimmed gains and traded below the 1.1320 Read more…
Business confidence has softened in the wake of the US tariffs – though next month may tell a different story again. Key results, May 2025 Business confidence: 36.6 (Prev: 49.3) Expectations for own trading activity: Read more…
The short-term Elliott Wave outlook for FTSE indicates that wave II concluded at 7560.5. This marked the start of an upward movement in wave III. Wave III is unfolding as a five-wave impulse structure, characterized Read more…