May 2024

Chinese Retail Sales: The Asian Giant is Back? A few weeks ago, China shocked the market by posting Q1 GDP growth that exceeded all expectations. This was followed by an improvement in investor sentiment, particularly benefitting the…
Read More

The S&P 500 gaps higher The S&P 500 returned to record territory as inflation cooled. This could mean that the Fed might cut interest rates later this year. A pop above 5250 has put the index back on track, prompting the short…
Read More

Japan Q1 GDP: More Upside for the USD/JPY? It seems like the BOJ just can't get a break. he yen continues to weaken as carry traders don't believe the central bank has the determination to effectively knock it down, impacting the USD/JPY…
Read More

USOIL (WTI) tests support USOIL (WTI) hit a new low, with concerns over supply disruptions continuing to weigh heavy on the black gold. While a bearish divergence emerging suggests lingering selling pressure, the price looks to have…
Read More

Tomorrow will see the release of the most anticipated data of the week, if not the entire month, with the US April CPI figures. The market has been on tenterhooks ever since the surprisingly soft NFP data, hoping that the upcoming CPI…
Read More

XAUUSD gaining momentum Gold jumped over $60 as geo-political tensions ensued. The precious metal is trying to safeguard its recent gains after a slight dip in price action towards 2340. Fresh selling and profit-taking have seen prices…
Read More

The GBPUSD has largely been trading flat (within its ups and downs) so far this year. It's down compared to Jan 2 as it is coming out of its latest downswing. But the data and monetary policy might be conspiring to prevent the price of…
Read More