Could US CPI Tip the Balance in Favour of a 50bps Fed Rate Cut?

GBPUSD rising inside minor correction 2 Likely to rise to resistance level 1.2700 GBPUSD currency pair continues to rise inside the minor correction 2, which started earlier, when the pair reverse dup with the daily Morning Star form the key support level 1.2335. The active wave 2 belongs to the intermediate downward impulse wave (C) […]

S&P 500 reversed from long-term resistance level 4600.00 Likely to fall to support level 4500.00 S&P 500 index under the bearish pressure after the earlier downward reversal from the long-term resistance level 4600.00, which stopped the sharp weekly uptrend in July. The downward reversal from the resistance level 4600.00 stopped the previous minor impulse wave […]

The Japanese yen is down sharply on Tuesday. USD/JPY is up 0.73% today, trading at 141.64 in the North American session at the time of writing. On Monday, the yen pushed below 140 per dollar for the first time since July 2023. The yen has looked razor sharp, gaining 2.9% in the month of September […]