2 days Constellation Energy (CEG) Elliott Wave update: Wave V has likely started FXStreet
Constellation Energy resumes its uptrend after completing wave IV. Bullish Elliott Wave structure points toward a strong wave V rally.
Constellation Energy resumes its uptrend after completing wave IV. Bullish Elliott Wave structure points toward a strong wave V rally.
Mexico Core Inflation came in at 0.49%, above expectations (0.47%) in April
Mexico 12-Month Inflation came in at 3.93%, above expectations (3.9%) in April
Mexico Headline Inflation above forecasts (0.3%) in April: Actual (0.33%)
The GBP/JPY pair extends its intraday upside move to near 193.00 during the late European session after the announcement of the monetary policy by the Bank of England (BoE).
The Euro (EUR) is soft, down 0.2% vs. the US Dollar (USD) and trading under 1.13 with an extension of Wednesday’s Fed-driven decline, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Canadian Dollar (CAD) is soft, down 0.3% vs. the US Dollar (USD) and underperforming most of the G10 currencies in an environment of broad USD strength, extending Wednesday’s post-Fed decline, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The US Dollar (USD) is entering Thursday’s NA session with broad strength against all of the G10 currencies and is seeing notable gains vs. Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD), and New Zealand Dollar (NZD), Scotiabank’s Chief F…
Cable holds in red on Thursday and pressuring key support zone after overnight’s 0.5% jump on news of possible US/UK trade deal, was quickly reversed.
United Kingdom BoE Interest Rate Decision in line with forecasts (4.25%)
United Kingdom BoE MPC Vote Rate Unchanged registered at 2 above expectations (0)
South Africa Manufacturing Production Index (YoY) climbed from previous -3.2% to -0.8% in March
US Dollar (USD) is expected to trade between 7.2070 and 7.2370 vs Chinese Yuan (CNH). In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700, UOB Group’s FX analysts Quek Ser Leang and Peter…
USD/CAD climbs after a failed attempt to break key technical support at 1.3800, with ongoing trade uncertainties keeping pressure on the Canadian Dollar (CAD), BBH FX analysts report.
The USD/CHF pair moves higher above 0.8250 during European trading hours on Thursday. The Swiss Franc pair gains as the US Dollar (USD) trades higher after the Federal Reserve (Fed) signaled that it is in no hurry to lower interest rates.
A narrow agreement on tariffs between the U.S. and the United Kingdom has stocks firmly higher in early trading.
Following a social media post from President Trump last night that a major trade deal would be announced at 16CET/10ET today, speculation is rife that it will be a US-UK agreement.
Citing confirmation from a British government source, Sky News reported on Thursday that the UK and the US have reached a “heads of terms” agreement and a “substantive” step towards a full trade deal.
Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave {iii} of 1.
Spain 5-y Bond Auction: 2.375% vs previous 2.682%
Spain 3-y Bond Auction down to 2.086% from previous 2.292%
Provided Pound Sterling (GBP) remains below 1.3335 against US Dollar (USD), it could edge lower to 1.3265. In the longer run, the current price movements are part of a 1.3240/1.3450 range-trading phase, UOB Group’s FX analysts Quek Ser Leang and Peter …
UK Prime Minister (PM) Keir Starmer said on Thursday, “you will hear more from me later today on the US economic deal.”
AUD/JPY snaps a three-day losing streak and trades around 92.90 during European hours on Thursday, buoyed by waning demand for safe-haven assets like the Japanese Yen (JPY).
Today’s Bank of England meeting should be a market mover, ING’s FX analyst Chris Turner notes.
Bias for Euro (EUR) is tilted to the downside vs US Dollar (USD); any decline is likely limited to a test of 1.1280. In the longer run, current price movements are likely part of a consolidation phase between 1.1225 and 1.1410, UOB Group’s FX analysts …
EUR/USD has drifted lower to test support at 1.1300 today, ING’s FX analyst Chris Turner notes.
Function: Counter Trend. Mode: Corrective. Structure: Navy Blue Wave 2.
The NZD/USD pair extends losses for the second successive session, trading around 0.5930 during European hours on Thursday. The technical analysis of the daily chart indicates a weakening bullish bias, as the pair trades further below the ascending cha…
Gold (XAU/USD) slips to $3,340 at the time of writing on Thursday, a smaller-than 1% correction in safe haven outflow, with United States (US) President Donald Trump expected to announce a trade deal agreement with the United Kingdom (UK) at a news con…
The Pound Sterling (GBP) attracts bids against its peers in Thursday’s European session after the Bank of England’s (BoE) hawkish interest rate cut decision.
EUR/GBP is extending losses for the fourth consecutive session, trading near 0.8500 in early European hours on Thursday.
Sweden Riksbank Interest Rate Decision in line with expectations (2.25%)
Here is what you need to know on Thursday, May 8:
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is extending gains for a second straight session, hovering near 100.00 at the time of writing. The DXY may continue to gain ground amid the Federal …
Austria Trade Balance fell from previous €309.6M to €44.9M in February
Spain Industrial Output Cal Adjusted (YoY) up to 1% in March from previous -1.9%
An official at the UK government confirmed on Thursday that US President Donald Trump is expected to announce an outline of the US-UK trade deal.
Germany’s industrial sector activity increased more than expected in March, according to the latest data published by Destatis on Thursday.
Germany Industrial Production n.s.a. w.d.a. (YoY) climbed from previous -4% to -0.2% in March
South Africa Net $Gold & Forex Reserve up to $64.318B in April from previous $63.167B
South Africa Gross $Gold & Forex Reserve climbed from previous $67.45B to $67.585B in April
Germany Trade Balance s.a. registered at €21.1B above expectations (€19.1B) in March
Germany Industrial Production s.a. (MoM) registered at 3% above expectations (0.8%) in February
United Kingdom Halifax House Prices (MoM) came in at 0.3%, above forecasts (-0.1%) in April
Germany Imports (MoM) came in at -1.4% below forecasts (0.4%) in March
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