Broad
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Japan Services Sector Accelerates In April - Jibun
The services sector in Japan continued to expand in April, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 54.3. That's up from 54.1 in March, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. To
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USD/JPY extends recovery above 154.00, focus on Fedspeak
USD/JPY gains ground near 154.10 in Tuesday’s early Asian session. The Fed's Barkin said he has not yet seen evidence that inflation is on track. The risk-on environment weighs on the Japanese Yen (JPY). The USD/JPY pair trades on a stronger note around 154.10 on Tuesday during the early Asian tradi
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SPDR Energy Select Sector ( $XLE) Found Buyers at the Blue Box Area as Expected.
Hello everyone. In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of SPDR Energy Select Sector ($XLE). The rally from 1.18.2024 low at $78.98 unfolded as 5 waves impulse. We expected the pullback to unfold in 3 swings and find buyers again. We will explain th
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Forex Today: Central banks, rate cut bets and else
The Greenback managed to shrug off part of the recent steep decline on Monday, ending the session barely changed while investors kept assessing the latest release of the US labour market report. Here is what you need to know on Tuesday, May 7: The USD Index (DXY) bounced off three-week lows and rega
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Will US Payrolls provide a reason for Fed to cut rates this summer?
EU mid-market update: Will US payrolls provide a reason for Fed to cut rates this summer? Apple earnings overshadowed by colossal buyback. Notes/Observations - Norway Central Bank (Norges) with a hawkish hold as statement notes rates to be maintained ‘for quite some time’. Macro focus pivots to US n
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The April payrolls report is probably going to grab most of the headlines
Markets A dovish Powell - or the absence of a hawkish one - lifted core bonds for a second day straight. Treasuries outperformed thanks to an acceleration in early US dealings. A mixed bag of (second tier) economic data left neither significant nor permanent marks. US yields eased between 2.1 (30y)
Pull-up Update