Gold Wave Analysis

Japanese retail sales climb but industrial production declines Japanese gain rises sharply The Japanese yen has posted sharp gains on Thursday. In the European session, USD/JPY is trading at 140.66, down 0.82%. Japanese retail sales beat forecast Japanese releases were a mixed bag today. Retail sales impressed with a gain of 5.3% y/y in November, […]

EURUSD constrained below May’s barrier of 1.0894 Technical signals reflect uncertainty Sellers could take control below 1.0830 Despite a false bullish breakout to 1.0915 earlier this week, EURUSD has been struggling to close above May’s bar of 1.0894. From a technical perspective, traders are indecisive as the RSI in the four-hour chart is lacking direction above its […]

Summary United States: The Search for Clues Continues Fed watchers are still on the lookout for clues on the size of the well-telegraphed September rate cut. This week’s economic indicator lineup, which broadly beat expectations and reaffirmed a soft landing, provides limited insight. Next Friday’s employment report will go a long way toward determining the […]