The short-term Elliott Wave outlook for USDJPY indicates that the cycle from the October 17 low remains in progress as a five-wave impulsive structure. From that low, wave 1 concluded at 155.04, followed by a Read more…
Yesterday was something. We were happily sitting and watching Nvidia save the market after announcing another round of impressive results the night before. And all of a sudden – shortly after the US open – Read more…
In focus today In the euro area, November flash PMIs are due. In October, the services PMI rose to 53.0 while manufacturing reached 50.0, moving out of contraction territory. The developments suggest positive momentum for Read more…
UK retail sales delivered a sharp downside shock in October, falling –1.1% mom, well below expectations of a modest 0.1% increase. It was the first monthly decline since May and reflected broad weakness across supermarkets, Read more…
Key Highlights USD/JPY started a fresh surge above 155.00 and 156.00. A bullish trend line is forming with support at 156.60 on the 4-hour chart. EUR/USD is again declining and might revisit 1.1450. GBP/USD could Read more…
Daily Pivots: (S1) 1.4058; (P) 1.4082; (R1) 1.4125; More… USD/CAD’s strong break of 1.4061 resistance should finally confirm that pullback from 1.4139 has completed at 1.3970. Intraday bias is back on the upside. Break of Read more…
Commodity currencies came back under pressure today as the burst of Nvidia-driven optimism evaporated almost as quickly as it arrived. After a strong start, major U.S. indexes staged a staggering reversal and closed sharply lower Read more…
John Chu’s stunningly visual film Wicked (2024) generated $634 million in ticket sales and $100 million more through digital releases, making its mark as one of the biggest films of the year as well as Read more…
BoJ Governor Kazuo Ueda told parliament today that Yen weakness is increasingly feeding into domestic inflation. He noted that as companies have become “more active in raising prices and wages,” the pass-through from higher import costs Read more…
Japan’s October CPI data showed inflation firming again, with core CPI (ex-fresh food) rising to 3.0% yoy from 2.9%, matching expectations and marking the second month of renewed acceleration. The measure has now stayed above Read more…