NEWS & MEDIA

Will we get to see some fireworks today? The US PPI data coming up later will be the one to watch. And it might take on much more importance, in terms of impact, considering that markets have been rather sidelined for over a week now. It’s all about how the US data will affect the Fed outlook at this point.While the CPI report tomorrow is the be-all and end-all, we could get a taste of things to come from the PPI data later already. And for now, markets are looking rather pensive in the run up to that. Major currencies are extremely muted on the day with little change among dollar pairs as seen below:The pound was the only notable mover earlier as it dipped slightly to 1.2510 before recovering back to 1.2550 levels now. But besides that, there is very little action overall.In the equities space, European indices are also lightly changed with US futures still relatively flat at the moment. The same goes for bond yields and that’s a clear sign that traders are all sitting on their hands, waiting to potentially react later in the day. This article was written by Justin Low at www.forexlive.com.

GBP/USD is having a difficult time gaining traction after rising nearly 0.3% on a daily basis on Monday.

The USD/JPY pair extends its upside to 156.50 in Tuesday’s European session.

Natural Gas price (XNG/USD) has given traders a nice run, rallying 40% since the end of March. This movement partially came on the back of Israel and its continuing attacks on Gaza. With pressure building from world leaders, calling out Israel to at leas

Gold price (XAU/USD) stabilizes in the $2,330s on Tuesday as geopolitical risks continue to stoke demand for the safe-haven asset.

The Mexican Peso (MXN) meets resistance in its upwards climb on Tuesday – and pulls back – possibly due to growing concerns about the fragmentation of international trade that could especially hit export-based emerging-market economies like Mexico.

The USD/CAD pair stays on sidelines below the round-level resistance of 1.3700 in Tuesday’s European session.

Both the forecast numbers are unchanged compared to the month before. The bloc notes that despite some downside risks, there is further upside potential for global economic growth this year. This article was written by Justin Low at www.forexlive.com.

United States NFIB Business Optimism Index registered at 89.7 above expectations (88.1) in April

Fundamental OverviewThe generally positive risk sentiment continues to weigh on the JPY as the carry trade remains in cruise control. The market is also less fearful of an intervention before the 160.00 handle as it’s been pretty clear that the Japanese can’t do anything to stop the Yen depreciation without a change in the fundamentals. Therefore, everything will hinge on the US inflation figures where hot data will likely take us to 160.00 in the blink of an eye while soft readings might trigger a short-term correction.USDJPY Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDJPY has been rallying non-stop since the dip provided by the miss in the US NFP report. Overall, the big picture uptrend remains intact as global growth expectations and the stark differential in interest rates are big headwinds for the JPY. The trend will likely reverse only when we start to see recessionary US data. Until then, the 160.00 handle will remain the first target but if all else remains equal, we can expect much higher prices ahead. USDJPY Technical Analysis – 1 hour TimeframeOn the 1 hour chart, we can see that the price recently broke above the first key swing level at 156.28. This has opened the door for a move into the next swing level at 158.00. A lot will depend on the US inflation data but a spike lower into the 155.00 support should see the buyers fading the move and position for a rally into the 160.00 level. The sellers, on the other hand, will need to break below the 155.00 support to start targeting the 152.00 price region. Upcoming CatalystsToday we have the US PPI and Fed Chair Powell speech. Tomorrow, we get the US CPI report and the US Retail Sales data. On Thursday, the focus will be on the latest US Jobless Claims figures to see whether the last week’s numbers were the start of a trend or just a fluke. See the video below This article was written by Giuseppe Dellamotta at www.forexlive.com.

Dr. Marco Wagner, Senior Economist at Commerzbank, notes that there is virtually no doubt that the European Central Bank (ECB) will lower key interest rates in June but argues that the ECB will hardly be able to lower the deposit rate below 3%.

Analysts at TD Securities preview the upcoming Consumer Price Index (CPI) and Retail Sales data from the US.

Prior 88.5That’s the first increase in the index for the year but it continues to sit below the 50-year average of 98 for a 28th month running. Looking at the details, 22% of business owners reported that inflation was their single most important problem – down 3 points from March. This article was written by Justin Low at www.forexlive.com.

South Africa Unemployment Rate (%) climbed from previous 32.1% to 32.9% in 1Q

South Africa Unemployment Total climbed from previous 7.895M to 8.226M in 1Q

Spain 9-Month Letras Auction down to 3.427% from previous 3.507%

Spain 3-Month Letras Auction dipped from previous 3.597% to 3.584%

EUR/USD falls slightly below the round-level resistance of 1.0800 in Tuesday’s European session.

United States Trade Representative Katherine Tai announced on Tuesday that she will be proposing modifications to China tariffs and will continue to work with partners to continue to expand opportunities for US workers and manufacturers, per Reuters.

Virgin Money’s half year trading results were released on Tuesday morning.

The headline German ZEW Economic Sentiment Index improved to 47.1 in May from 42.9 in April.

The Pound Sterling (GBP) drops sharply to the psychological support of 1.2500 against the US Dollar in Tuesday’s London session.

Tariff rate on certain steel, aluminum products under Section 301 to increase from 0-7.5% to 25% in 2024Tariff rate on semiconductors to increase from 25% to 50% by 2025Tariff rate on electric vehicles to increase from 25% to 100% in 2024Tariff rate on lithium-ion EV batteries to increase from 7.5% to 25% in 2024Tariff rate on lithium-ion non-EV batteries to increase from 7.5% to 25% in 2026Tariff rate on solar cells to increase from 25% to 50% in 2024It sure took Biden long enough to get to this, following up from Trump beforehand. And this only serves to escalate tensions further between the US and China surely. The announcement above was already flagged earlier in the week here. This article was written by Justin Low at www.forexlive.com.

Eurozone ZEW Survey – Economic Sentiment came in at 47, above forecasts (46.1) in May

Germany ZEW Survey – Economic Sentiment registered at 47.1 above expectations (46.3) in May

Germany ZEW Survey – Current Situation came in at -72.3, above forecasts (-75) in May

Greece Consumer Price Index (YoY) fell from previous 3.2% to 3.1% in April

Greece Consumer Price Index – Harmonized (YoY) fell from previous 3.4% to 3.2% in April

Prior -79.2Economic sentiment 47.1 vs 46.0 expectedPrior 42.9ZEW notes that the signs of a recovery are growing in the German economy. The increased optimism is owing to a rise in expectations for domestic consumption, with investor morale also boosted by firm expectations of an ECB rate cut. This article was written by Justin Low at www.forexlive.com.

NIKKEI 225(N225) Elliott Wave Analysis Trading Lounge Day Chart, Nikkei 225 (N225) Elliott Wave Technical Analysis Function: Counter Trend.

GBP/JPY snaps its six-day winning streak, trading around 195.90 during the European session on Tuesday.

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.

The market today will focus mostly on the US PPI figures even though we will also get the latest US NFIB report and hear from Fed Chair Powell. The US Core PPI Y/Y is expected at 2.4% vs. 2.4% prior, while the Core M/M measure is seen at 0.2% vs. 0.2% prior. US PPI 12:30 GMT (08:30 ET)The PPI measures changes in prices that manufacturers pay for goods during various stages of production. Higher prices might eventually be passed on to consumers. The producer price index has three different indexes for each stage of production: crude goods (crude oil, wheat, timber and so on), intermediate goods (auto parts, leather, flour and so on) and finished goods (gasoline, automobiles, apparel and so on). The Core PPI excludes the volatile food and energy prices which make up 40% of the PPI for finished goods.The markets focus on the finished goods because these are the products retailers pay for and might influence the prices consumers will see. Although there isn’t a perfect correlation between PPI and CPI, they tend to move in tandem over the long term. There are some key differences though. The most important one is that PPI does not take into account the price of most services. In the CPI, services like housing make up for a large part of the index. US NFIB 10:00 GMT (06:00 ET)Before the PPI report, we get the US NFIB Small Business Optimism Index which is expected to tick lower to 88.1 vs. 88.5 prior. This is a leading indicator as small businesses generate roughly 45% of US economic activity. The index though, has been hovering around recessionary levels for quite some time while the economy remained resilient. This is probably due to the difference in businesses concerns with high inflation remaining the main one. In fact, just 8% of small business owners said that “poor sales” were their number-one concern, compared to the all-time survey high of 34%, and just 4% of small businesses marked interest rates as their top concern, compared to a survey high of 37%. Nonetheless, it’s worth to keep an eye on this report even if it’s not market moving. FED CHAIR POWELL 14:00 GMT (10:00 ET)Finally, we will hear from Fed Chair Powell but it’s unlikely that he will deviate from his recent comments before the US CPI report due tomorrow. This article was written by Giuseppe Dellamotta at www.forexlive.com.

Gold prices fell in India on Tuesday, according to data from India’s Multi Commodity Exchange (MCX).

Eaton Corp. PLC, (ETN) Daily Chart ETN Elliott Wave technical analysis Function: Trend.

UK unemployment rose while wages failed to ease in March. Restrictive policy is having an effect on employment but less so on wages. US CPI will be the main catalyst tomorrow

Bank of England (BoE) Chief Economist Huw Pill said on Tuesday that they still have some work to do on inflation persistence, as reported by Reuters.

Need to keep a restrictive stance on monetary policyThat is to bear down on domestic inflation persistenceNot unreasonable to believe that over the summer we will have enough confidence to consider rate cutsRate cut likely to come under consideration in the summerAs things stand, traders are still looking to August for the first BOE rate cut. But a move in June is currently priced in near 50-50. It will all come down to the next UK inflation data print to settle the score there. The last two points on a summer rate cut is weighing slightly on sterling though. We’re now seeing cable down 0.3% to 1.2523. This article was written by Justin Low at www.forexlive.com.

Making good progress on returning inflation to targetBut there is still some work to do to get it back to 2% levelFocus is on labour market, pay growth, and services pricesLabour market remains pretty tight by historical standardsNothing out of the ordinary there from Pill. The comments sing to a similar tune to what we heard last week already. This article was written by Justin Low at www.forexlive.com.

FX option expiries for May 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below – EUR/USD: EUR amounts 1.0650 1.9b 1.0665 563m 1.0675 704m 1.0690 810m 1.0695 416m 1.0750 1.5b 1.0760 409m 1.0800 1.5b 1.0850 1.2b – GBP/USD: GBP amounts 1.2495 919m 1.2500 1.1b 1.2525 680m 1.2650 726m 1.2655 1.1b – USD/CHF: USD amounts 0.9000 521m 0.9100 1.9b – USD/JPY: USD amounts 155.15 602m – AUD/USD: AUD amounts 0.6515 1.8b 0.6590 2.2b 0.6600 577m 0.6700 648m – USD/CAD: USD amounts 1.3700 735m 1.3755 579m .

DailyForex analysts have unveiled the best trading platforms for scalping Forex in 2024. Scalping is a popular trading strategy in the Forex market and is one of the key trading strategies for 2024, but not all brokers allow it. Trading specialists at DailyForex have detailed what it is and who does it in a special report.DailyForex’s team claims that it aims to capture minor price movements through high-volume trades.DailyForex named FXTM, FP Markets, Eightcap, BlackBull Markets and AvaTrade as their top five brokers who offered scalping. Specialists conducted a thorough assessment of the companies, including offering star ratings and laying out the pros and cons of using all of them to help traders decide the right brokers to use for their trading activity.One of the key aspects distinguishing scalping from other trading strategies is its emphasis on psychology. With scalpers frequently opening and closing positions within short timeframes, maintaining emotional stability amid rapid trading activity is paramount. Without a solid grasp of trading psychology, even the most meticulously crafted scalping strategy can falter.While scalping offers the draw of rapid profits, it also entails heightened risks. Scalpers rely on factors such as trading volume, frequency, and leverage and a brokerage partner that backs this way of working.Scalping demands tight spreads, maximum leverage, the selection of the right broker a critical part of adopting this strategy. Scalpers often seek brokers to increase their chance of earning more through cash rebate programs. Small profits can mount to a lot by the end of a day’s trading, but scalpers must have strict exit strategies to mitigate losses and preserve profits.DailyForex provides a full rundown of scalping so traders can fully understand how it works, how to choose a broker and make a call whether it is the right strategy for their trading.About DailyForexDailyForex (https://www.dailyforex.com) started as a four-person team in a small, windowless office. That young team worked day and night to provide a valuable service to traders worldwide – and we’re proud that most of our early staff is still here to provide our traders with the reliable service they’ve come to expect. Today, DailyForex has dozens of employees including analysts throughout the world who provide market insights around the clock so that traders can access the markets intelligently at their convenience. This article was written by FL Contributors at www.forexlive.com.

Fundamental OverviewToday the UK labour market report showed job losses and an uptick in the unemployment rate, although wage growth remained sticky at high levels. The data hasn’t changed anything for the market though as the focus remains on the two UK CPI reports before the June meeting. The focus will now switch to the US PPI report due later in the day. There’s a risk it could come higher than expected so we might see some USD strength into the data. Overall, it will be a waiting game until the data release. GBPUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that GBPUSD is finding it hard to break and stay above the resistance zone around the 1.2570 level. We will likely need soft US inflation figures to break through the resistance and extend the rally into the 1.27 handle. For now, the price action is likely to remain mostly rangebound as we wait for the US PPI and CPI reports. GBPUSD Technical Analysis – 1 hour TimeframeOn the 1 hour chart, we can see that we might have formed a head and shoulders pattern around the 1.2570-1.2600 zone with the 1.2448 level defining the neckline. The pattern should be taken into the fundamental context though, so if we get hot US inflation figures, then the probabilities that we break out to the downside will increase, while soft inflation numbers might invalidate the pattern and take us to new highs. In the short term, we have some minor supports around the 1.2540 and 1.2505 levels. Upcoming CatalystsToday we have the US PPI and Fed Chair Powell speech. Tomorrow, we get the US CPI report and the US Retail Sales data. On Thursday, the focus will be on the latest US Jobless Claims figures to see whether the last week’s numbers were the start of a trend or just a fluke. This article was written by Giuseppe Dellamotta at www.forexlive.com.

The trip will take place on 16 to 17 May, will Putin also set to meet with Xi to hold talks and before “signing some documents”. Also, Putin will be meeting with China’s premier Li Qiang “to discuss economic cooperation”. Well, this is one tie that looks set to grow stronger as both Putin and Xi have cemented their iron grip on the throne in their respective countries. This article was written by Justin Low at www.forexlive.com.

Eurostoxx -0.1%Germany DAX -0.1%France CAC flatUK FTSE flatSpain IBEX +0.2%Italy FTSE MIB flatIt’s a pensive one given that US futures are also flattish on the day currently. Traders and investors will be hoping for something to work with later in the day when we get to the US PPI data release. In the meantime, don’t expect too much in European morning trade as such. This article was written by Justin Low at www.forexlive.com.

Prior +3.2%HICP +3.4% vs +3.4% y/y prelimPrior +3.3%The positive news is that core annual inflation is seen easing to 2.9%, down from 3.3% in the month before. The hope for the ECB will be for this trend to continue through to year-end. But we’ll have to see, especially since monthly core prices have been on the up. This article was written by Justin Low at www.forexlive.com.

The UK labour market report showed once again job losses and another uptick in the unemployment rate. On the other hand, wage growth remained sticky at high levels with the data beating expectations. Nonetheless, the data was consistent with the BoE’s forecasts and therefore it didn’t change anything for the market which continues to see a 50/50 chance of a rate cut in June. The central bank is now more focused on the two inflation reports before its monetary policy meeting.The wage growth figures might have been skewed by the increase in the minimum wage in April. In the big picture though, a cooling labour market should lead to lower wage growth as wages lag the unemployment rate. To sum up, this report doesn’t change anything for the BoE or the markets as the focus remains on the CPI figures before the June meeting. This article was written by Giuseppe Dellamotta at www.forexlive.com.

Momma says that the BOJ is likely to want to wait until September at least before hiking rates again. That is so policymakers can gather more information from the government’s monthly wage data for July and August, to confirm whether or not the stronger wage hikes from the shuntō have passed through to households.Adding that the BOJ will also probably want to align such a move with a further recovery in the economy. And that might only show up when the central bank gets to observe the Q2 GDP data.He also notes that compared with ending negative rates, hiking them by another 25 bps would have a bigger impact on the general public with regards to mortgages and borrowing costs.For now though, Momma says that the BOJ still has other tools to work with. He expects them to be preparing for a formal reduction in bond purchases. And that “there’s a good chance” we could see that at the next meeting in June. This article was written by Justin Low at www.forexlive.com.

German DAX futures flatUK FTSE futures -0.1%US futures are also flat as we look to get things underway in European trading today. All eyes are on the US PPI report coming up later, which will kick things off on the week. As such, don’t expect much action in the following hours until we get to that. This article was written by Justin Low at www.forexlive.com.

Prior 4.2%Employment change -177k vs -220k expectedPrior -156kApril payrolls change -85kPrior -67k; revised to -5kAverage weekly earnings +5.7% vs +5.5% 3m/y expectedPrior +5.6%; revised to +5.7%Average weekly earnings (ex bonus) +6.0% vs +5.9% 3m/y expectedPrior +6.0%The UK jobless rate ticks a little higher, meeting estimates as employment declined again in March. The payrolls for April also stayed in negative territory, although there was a significant revision higher to the March numbers. Overall, the data is not too helpful for the BOE as it likely points to softening in jobs but wage pressures are continuing to hold higher for now.The pound is little changed with GBP/USD still flat at 1.2553 on the day. As a reminder, ONS still has to sort out its reliability issues when it comes to the labour market data above. This article was written by Justin Low at www.forexlive.com.

Prior +2.2%HICP +2.4% vs +2.4% y/y prelimPrior +2.3%Core annual inflation is also seen easing slightly to 3.0%, down from 3.3% in March at least. However, Destatis notes that core prices in general though have been trending higher since January this year. So, that will be one to watch in the months ahead as we phase out the base effects further going into next year. This article was written by Justin Low at www.forexlive.com.

There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD at the 1.0750 and 1.0800 levels. The latter will be of more interest as it acts alongside offers at the figure level and the 200-day moving average at 1.0790 in limiting topside price action on the day. That is until we get to the US PPI data of course.Then, there is one for USD/CHF at the 0.9100 level. That could help to also cap any potential upside move in the pair until we get to US trading later.And lastly, there is one for AUD/USD at 0.6590 and that should help to contain any outsized drop in European trading at least. That considering the key hourly moving averages are also seen at 0.6593-96 currently.For more information on how to use this data, you may refer to this post here. This article was written by Justin Low at www.forexlive.com.

Major currencies are keeping quieter once again, with the dollar little changed across the board. EUR/USD is sitting within a 8 pips range and that pretty much sums up the mood. US futures are also looking more muted, as all eyes are fixated on the upcoming US data this week. For today, we’ll have the PPI report later in the day.Looking to European morning trade, there will be a couple of economic data releases to move things along. The most notable will be the UK labour market report. But considering that the BOE themselves are also feeling frustrated about the data accuracy as of late, it’s hard to really read much into the release. That said, it is still one to watch in case.For some context, this has been an issue since last year already as ONS is adjusting their labour force survey (LFS) to improve the situation. However, there remains uncertainty on the reliability of the data as such.In any case, broader markets will be more fixated on the US PPI report later in the day. That will make for another calm before the storm kind of session in Europe.0600 GMT – Germany April final CPI figures0600 GMT – UK April payrolls change0600 GMT – UK March ILO unemployment rate, employment change0600 GMT – UK March average weekly earnings0630 GMT – Switzerland April producer and import prices0700 GMT – Spain April final CPI figures0900 GMT – Germany May ZEW survey current conditions, economic sentiment1000 GMT – US April NFIB small business optimism indexThat’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there. This article was written by Justin Low at www.forexlive.com.

That will once again make for a quieter session in Europe, barring any surprise headlines. The dollar is little changed currently, after having traded more mixed yesterday. Meanwhile, US stocks started the week in a more muted tone with the S&P 500 closing flat. It’s all on US data in the next few days to really get markets going.The first of the major releases will be the PPI report later today.While it typically isn’t one to make a splash, the release today might have more impact than usual. That considering how markets have been waiting and coiling up over the last one week or so.As mentioned yesterday, it’s all about how the data will impact the Fed outlook first and foremost. The odds of a September rate cut are at ~76% now with ~41 bps worth of rate cuts priced in for the year. This article was written by Justin Low at www.forexlive.com.

Ahead of the much-anticipated CPI data due Wednesday is the ‘wholesale’ level inflation data, the PPI.Due at 0830 US Eastern time, which is 1230 GMT:Yep, if you have an eagle eye you’ll have seen Powell is speaking a little later. Re the PPI.For the PPI headline y/y the range of expectations is 2.1 to 2.3%For the PPI excluding food and energy y/y (the red highlit data point above) the range is 2.3 to 2.5%for the m/m its +0.1 – 0.3%***Why is knowledge of such ranges important?Data results that fall outside of market low and high expectations tend to move markets more significantly for several reasons:Surprise Factor: Markets often price in expectations based on forecasts and previous trends. When data significantly deviates from these expectations, it creates a surprise effect. This can lead to rapid revaluation of assets as investors and traders reassess their positions based on the new information.Psychological Impact: Investors and traders are influenced by psychological factors. Extreme data points can evoke strong emotional reactions, leading to overreactions in the market. This can amplify market movements, especially in the short term.Risk Reassessment: Unexpected data can lead to a reassessment of risk. If data significantly underperforms or outperforms expectations, it can change the perceived risk of certain investments. For instance, better-than-expected economic data may reduce the perceived risk of investing in equities, leading to a market rally.Triggering of Automated Trading: In today’s markets, a significant portion of trading is done by algorithms. These automated systems often have pre-set conditions or thresholds that, when triggered by unexpected data, can lead to large-scale buying or selling.Impact on Monetary and Fiscal Policies: Data that is significantly off from expectations can influence the policies of central banks and governments. For example, in the case of the producer inflation data due today, weaker than expected will fuel speculation of nearer and larger Federal Open Market Committee (FOMC) rate cuts. A stronger (i.e. higher) PPI report will diminish such expectations.Liquidity and Market Depth: In some cases, extreme data points can affect market liquidity. If the data is unexpected enough, it might lead to a temporary imbalance in buyers and sellers, causing larger market moves until a new equilibrium is found.Chain Reactions and Correlations: Financial markets are interconnected. A significant move in one market or asset class due to unexpected data can lead to correlated moves in other markets, amplifying the overall market impact. This article was written by Eamonn Sheridan at www.forexlive.com.

Getting reliable information on the Chinese economy has always been a challenge , but its getting more difficult. Via Bloomberg (gated) comes the report:A series of research reports from Chinese brokerages on the country’s recent bad credit data disappeared from social media over the weekend.At least seven research reports from mainland brokerages and securities firms that had been posted to WeChat by analysts were unavailable for viewing on Monday. The link to six of the reports now leads to an error message saying the content couldn’t be viewed after complaints about unspecified violations of rules governing public accounts.I posted on the data here:Credit in China fell in April for the first time since 2017 (or 2005)It was not good data. Chinese authorities are trying to hush it up. This article was written by Eamonn Sheridan at www.forexlive.com.

Reserve Bank of New Zealand expected on hold at its May 2024 meeting – previewEuropean Central Bank speakers on Tuesday, 14 May 2024 include Schnabel and KnotFederal Reserve Chair Powell is speaking on Tuesday, Cook alsoPBOC sets USD/ CNY central rate at 7.1053 (vs. estimate at 7.2307)Japan Suzuki: Important for currencies to move in stable manner, reflecting fundamentalsGoldman Sachs still like US stocks – upside risks look greater than the downside risksJapan April PPI +0.9% y/y (expected +0.8%) & +0.3% m/m (expected +0.3%)IMF says further, gradual, BOJ short-term rates hikes should continue, data dependentMorgan Stanley says the Federal Reserve will cut, not ‘if but when’New Zealand Card retail sales (April) -0.4% m/m (prior -0.7%) & -3.8% y/y (prior -2.3%)Can’t wait for the US CPI data? Tuesday will bring PPI data (and a surprise from the Fed)UBS owns 3,600 shares of BlackRock’s iShares Bitcoin Trust (IBIT)Goldman Sachs CEO Solomon says US dollar reserve status is under zero threatForexlive Americas FX news wrap 13 May: Oh No Roaring Kitty returns and dominates chatterRate cut? The Bank of England Monetary Policy Committee won’t be rushedHSBC say dip in risk assets is “increasingly in the rear view mirror” – back to GoldilocksUS stocks end the session mixed. Nasdaq higher. Dow lower. S&P near unchangedTrade ideas thread – Tuesday, 14 May, insightful charts, technical analysis, ideas USD/JPY approached, but didn’t get to, 156.50 during Tokyo morning trade. The climb was slow and steady. It’s the rapid moves Japanese authorities are more concerned about. Nevertheless, we did get some jawboning from Japan’s finance minister Suzuki. His comments were of the usual variety, with nothing too threatening. As such they had little impact. From Japan also today were PPI data. This came in as expected for the m/m rise but slightly higher than expected for the y/y. News and data flow otherwise was light and barely impactful. Across major FX the US dollar is up a few tics. CAD, NZD and AUD are notably lower. Oil is down small. Gold rallied a few dollars. This article was written by Eamonn Sheridan at www.forexlive.com.

This article provides an analysis of the technical outlook for gold, EUR/USD and USD/JPY, examining recent market trends and price action dynamics to identify potential trading opportunities for the near term.

Gold and silver begin the week on the back foot but CPI may provide the catalyst this week after prior prints remained stubbornly high. Silver respects resistance zone

GBP/USD remains in the green at the start of a week which offers plenty of likely trading interest, mostly from the US side

Outlook on FTSE 100, DAX and S&P 500 ahead of US CPI, PPI, retail sales and labour data.

AUD/USD appears to be mending its positive correlation with the S&P 500 as the risky-aligned currency braces for US inflation data on Wednesday

US CPI data is likely to set the tone for the week alongside prominent Fed speeches. This article provides a one-stop-shop for all you need to know for the week ahead

After poor performance earlier in the month, the U.S. dollar rebounded this week, supported by a moderate rise in bond yields. We could see a continuation of the greenback’s upward movement if the upcoming US inflation report tops consensus estimates.

This article explores the technical outlook for EUR/USD, USD/JPY, and GBP/USD, scrutinizing price action dynamics and sentiment to forecast potential near-term market movements.

The UK moved out of recession, the latest GDP data showed, and outperformed market expectations, driving the FTSE 100 ever higher

Gold and silver rise, reigniting the broader bullish trend after softer US jobs data and central bank developments shift the focus to rate cuts

This article delves into the technical outlook for EUR/USD, USD/JPY, and GBP/USD, dissecting price action dynamics and sentiment to forecast potential market moves and uncover attractive trading opportunities.

Tokyo wants to slow its currency’s decline but, so far, the market looks prepared to test its resolve

The Bank of England added one more vote in favour of a rate cut after encouraging news on inflation now opens up the prospect of a rate cut as soon as June

The latest BoE decision will be more about what they say than what they do, and this leaves Sterling-pairs vulnerable.

In this piece, we explore the technical outlook for gold prices, USD/JPY and EUR/USD, analyzing recent market behavior and trends to identify potential trading opportunities.

GBP/USD traded cautiously lower in the lead up to the Bank of England rate setting meeting. A stronger dollar and an outside chance of a dovish statement weigh on the pair

The European Central Bank is still expected to cut rates before the Federal Reserve. Can the Euro’s uptrend hang on?

USD/JPY has moved above 155.00 on the back of a stronger US dollar, leaving the pair vulnerable to another round of official intervention

​​Outlook on FTSE 100, DAX and S&P 500 ahead of Thursday’s BoE monetary policy meeting.