USD/JPY is trading quietly at 133.84, up 0.13% on the day. The yen's lack of movement could change today with a host of key releases. Japan will release Tokyo Core CPI, while the US publishes Preliminary GDP for the first quarter and unemployment claims. Japan releases Tokyo Core CPI for April early on Friday, which is expected to remain steady at 3.2%. Will BoJ...
In this TradingView video, we'll be exploring the AMEX:SPY situation as we approach tomorrow's release of GDP data. We'll examine the importance of the 50EMA and discuss potential bullish and bearish scenarios. Join us to learn about the critical price levels at $401.35, $395, $407.90, and $411.50, and how they could impact market trends in the short term.
German consumer confidence continued its upswing heading into May. The German GfK consumer sentiment index rose to -25.7, up from -29.3 in April and above the estimate of -27.5 points. Not exactly red-hot numbers, but the upswing has now extended over seven straight months, a clear trend that the German consumer is becoming more optimistic about economic...
UK inflation remains hot and stubbornly high. In March, headline CPI dropped to 10.1%, down from 10.4% but above the consensus estimate of 9.8%. Inflation is still stuck in double digits, but the silver lining is that inflation has resumed its downswing after unexpectedly rising in February from 10.4% to 10.1%. The core rate remained unchanged at 6.2%, above the...
The British pound is poised to post its fifth successive winning week. During this time, the GBP/USD has sparkled, rallying almost 500 points. This week's UK releases have not been as positive as the pound's upswing. GDP was flat in February on a monthly basis, down from 0.4% in January and unable to hit the estimate of 0.1%. Manufacturing Production was also...
The US dollar has maintained its status as the world's dominant reserve currency for decades, thanks to its perceived security, resilience, and the depth and liquidity of US markets. Despite concerns surrounding the dollar's hegemony, it remains a crucial player in global transactions. Meanwhile, China's economy faces challenges, such as growing provincial...
HI people welcome to Team Decrypters Forecast / Plan For OIL :- We Are expecting Retracement for the oil to Fill GAP and Even go Lower And After we expect Higher prices --we are bullish until the objective is completed --We are expecting than to DROP in OIL prices ( in 2-4 MONTHS) Which co incised with "OURS IDEA OF" "US Recession" /"Stagflation" The...
The New Zealand dollar is almost unchanged ahead of the Reserve Bank of New Zealand (RBNZ) rate decision on Wednesday (New Zealand time). The US releases JOLTS Job Openings. NZD/USD is trading quietly at the 0.63 line in the European session. The RBNZ is widely expected to raise rates by 25 basis points, which would bring the benchmark cash rate to 5.0%. Over...
Since the Great Depression the S&P 500 tracks U.S. GDP, both log graphed here such that the slope of the channel is the log slope of U.S. GDP. Looking for some kind of pattern, there might be a ~33 year wave-like pattern repeating twice since 1929 and hypothetically a third time, as depicted. The likelihood of the third repetition happing I have no confidence...
Tomorrow morning, we'll be receiving GDP data and jobless claims, which could have a significant impact on the market. Currently, $SPY is at a crucial point on the daily chart, nearing the upper limit of its broadening formation. It's showing positive trends on the daily, weekly, monthly, and quarterly charts. Keep in mind that the month and quarter will close on...
XLF financials, Stocks to GDP and stocks to gold, all tell the story. Our debt based system is bottlenecked. More money is 'needed'.
Volatility in many times in the market is bad and the stock market is a mirror of the economy. When you go back prior to the Great Bull Market (1980s), you wll see that there were very wide swings in real GDP. These are the Boom and Bust cycle. Now, as the FED evolved its policies it learned how to contain the market and flatten the Boom and Bust cycle and...
The Canadian dollar is coming off a relatively quiet week but that could change as there a host of key releases this week. Ivey PMI kicks things off later today, followed by the Bank of Canada rate decision on Wednesday and the February employment report on Friday. Canada's Ivey PMI recorded a massive rebound in January, climbing from 33.4 all the way to 60.1...
The Australian dollar is showing strong gains for the first time in a week. AUD/USD is trading at 0.6764 in Europe, up 0.53%. Australia's inflation fell to 7.4% in January, down from 8.4% in December and below the estimate of 8.0%. Australian Treasurer Jim Chalmers said that he was "cautiously hopeful" that inflation has peaked, but inflation still remained the...
The Australian dollar remains under pressure and has edged lower on Tuesday. AUD/USD dropped below the 0.67 line on Monday for the first time since Jan. 3. Australian retail sales jumped 1.9% m/m in January, following an upwardly revised 4% decline in December and beating the consensus of 1.5%. The data indicates that consumer demand remains resilient despite...
CME_MINI:NQH2023 - PR High: 12180.00 - PR Low: 12151.75 - NZ Spread: 63.25 Evening Stats (As of 12:55 AM) - Weekend Gap: N/A - 8/19 Session Gap: -0.04% (open > 13237) - Session Open ATR: 265.72 - Volume: 25K - Open Int: 261K - Trend Grade: Bear - From ATH: -27.4% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12959 - Mid: 12392 - Short:...
Yesterday we saw another bottom during the news. Today there is news again. The news is about US quarterly GDP. They will have an impact in case of values other than expected. Technically, the downside move continues and is heading towards first level at 1,0585. Upon breakout the target will be 1,0512 , all the while watching for run-out. All sell trades...
The euro has fallen for three straight sessions and has extended its losses on Tuesday. Earlier in the day, EUR/USD fell below the 1.07 line for the first time since Jan. 23. German and eurozone numbers have been soft this week, adding to the euro's woes. Eurozone retail sales fell 2.7% in December, worse than the estimate of -2.5% and well off the November read...