Fielding
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GBP/JPY rallies to its highest level since August 2005 as traders look to BoJ on Friday
GBP/JPY attracts strong follow-through buying for the third successive day on Thursday. The lack of decisive action and the BoJ’s uncertain rate outlook weigh heavily on the JPY. A modest USD downtick benefits the GBP and also contributes to the positive momentum. The GBP/JPY cross gains strong posi
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European Shares Seen Opening Lower With Tech Earnings In Focus
European stocks may open on a sluggish note Thursday as investors react to Facebook parent Meta Platforms' disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year in its AI products. Separately, computing giant IBM reported first quarter earnings ahead of expectations, but
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Gold Elliott Wave technical analysis [Video]
Gold Elliott Wave analysis Function - Trend. Mode - Impulse. Structure - Impulse wave. Position -Wave 4. Direction - Wave 5. Details - Wave 4 has reached the extreme area and bounced off the 2300 MG1. We will expect wave 5 to progress higher. However, it’s still in the early stages. Invalidation bel
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US versus the Eurozone: Inflation divergence causes monetary desynchronization
Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Federal Reserve might continue to push US long-term interest rates higher and put upward
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Precious metals continue to lose ground
UK input price pressures build as services sector drives growth outlook. Eurozone PMI survey gains drive Euro strength. Precious metals continue to lose ground. The FTSE 100 has started to reverse back from record highs, after a fresh PMI survey that saw the services sector reading jump into the hig
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USD/JPY outlook: Keeps firm tone and continues to trade near pivotal 155.00 barrier
USD/JPY USDJPY keeps firm tone and continues to trade near pivotal 155 barrier, where strong offers cap the action on expectations that Japan’s authorities may intervene at this zone. Technical picture on daily and weekly chart remains increasingly bullish, with strong positive signal generated on w
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Pull-up Update