2023

UK CPI will finally fall below double digits when the April report is issued tomorrow. Unless there is an unprecedented catastrophe, that is. While policymakers and politicians might cheer the results, the components are likely to keep the…
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The current markup of the SPX500 index shows the continuation of a large impulse consisting of sub-waves I-II-III-IV-V. After the cycle correction IV ended in the form of a primary triple zigzag, the price began to move…
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EURUSD struggles for bids The US dollar inched higher after the St. Louis Fed president called for another half-point hike. A bearish MA cross on the daily chart indicates waning buying pressure as the euro strives to preserve its…
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Investors have been piling into safe-havens lately, with growing worries over how the US debt ceiling issue will be resolved. But there is a twist this time: The safe haven of choice has been large tech stocks. The tech-heavy Nasdaq just…
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USDCAD bounces back The Canadian dollar held as the March retail sales showed a smaller-than-expected contraction. The pair is in a narrowing consolidation between 1.3400 and 1.3560. A bullish breakout would be a decisive signal that…
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GBPUSD slides as inflation in focus Cable retreats as weaker UK economic data ease the pressure to raise interest rates. An uptick in Britain’s unemployment rate combined with slowing wage growth over the past three months has…
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