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Markets Outright divergence again reigns between US and European markets as US investors return from the Thanksgiving/Black Friday ‘long weekend’. Political/budgetary developments in France continue to set the tone for trading on European markets. The minority government of French Prime Minister Barnier and Finance Minister Armand is playing hard ball with the Rassemblement National on […]

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25/03/2024

Will PCE Data Revive Concerns About Sticky US Inflation?

Fed continues to see three rate cuts for 2024 Investors add back to the June cut probability Focus shifts to next week’s core PCE index The data comes out on Friday at 12:30 GMT Fed appears more dovish than expected The Fed appeared more dovish than expected at its highly anticipated March gathering on Wednesday, […]

USD/JPY Drifting at Start of Week

The Japanese yen is showing limited movement on Monday. In the North American session, USD/JPY is trading at 151.25, down 0.13%. Yen can’t find its footing Last week’s Bank of Japan was dramatic as the central bank raised interest rates for the first time since 2007. The move did not catch the markets completely by […]
16/05/2024

Gold Wave Analysis

Gold broke daily down channel Likely to reach resistance level 2415.00 Gold recently broke the resistance trendline of the narrow daily down channel from April, which enclosed the previous ABC correction (4). The breakout of this down channel accelerated the active intermediate impulse wave (5) – which belongs to the higher order impulse sequence from […]