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Forex
Japanese Yen holds ground due to higher Tokyo’s inflation data
The Japanese Yen may appreciate due to higher economic data from Japan.
BoJ's Adachi favored raising interest rates if a weaker JPY leads to heightened…
USD/INR gains ground ahead of Indian GDP, US PCE data
Indian Rupee struggles to gain momentum on the modestly stronger USD.
The Fed’s hawkish stance and cautious mood weigh on the INR.
The Indian GDP and US…
Gold price rises modestly, all eyes on US PCE data
Gold price trades with a mild positive bias on Friday.
The weaker USD and decline of US yields support the yellow metal.
Investors will take more cues…
China’s NBS Manufacturing PMI unexpectedly contracts to 49.5 in May vs. 50.5 expected
China’s official Manufacturing Purchasing Managers' Index (PMI) dropped from 50.4 in April to 49.5 In May, the latest data published by the National Bureau of…
Elliott Wave analysis: S&P 500, Nasdaq 100 and top tier stocks [Video]
Market indices overview: S&P 500, SPY, NASDAQ 100, QQQ, Russell 2000, DAX 40, FTSE 100, ASX 200 featuring Elliott Wave technical analysis.
Elliott Wave…
AUD/USD recovers as weaker US GDP sparks US yields drop
AUD/USD rises to 0.6632 as US Q1 GDP growth slows to 1.3%, below expectations.
US Initial Jobless Claims increase slightly to 219K; Pending Home Sales…
AUD/NZD gains ground on robust Australian data, markets digest NZ tax relief
The AUD/NZD rebounded to a high of 1.0840 after dipping to 1.0815 on Wednesday.
Strong data from Australia following the report of hot inflation figures…
IBEX Elliott Wave: Buying the dips at the blue box area
Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of IBEX published in members area of the website. IBEX is…
USD/JPY Price Analysis: Slips below 157.00 as bearish engulfing pattern looms
USD/JPY slips from weekly highs of 157.71, down 0.30%.
Technical outlook remains neutral to upward, with key resistance at 157.00 and 157.71.
Support…
Fed’s Bostic: Rate hike shouldn’t be required to reach 2% inflation goal
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic noted on Thursday during an interview with Fox Business that the Atlanta Fed head doesn't…