Tariffs & Trade:
The Trump administration is exploring ways to push through import tariffs, possibly including a temporary 15% tariff for 150 days.
A federal appeals court has paused a suspension of the tariffs for now.
Markets:
US stocks are holding up well. The S&P 500 is on track for its best May since 1990.
However, June may be weaker, and futures suggest a...
Silver continues to exhibit a bullish overall sentiment, supported by a well-established rising trend on the higher timeframes. However, recent intraday price action has transitioned into a consolidation phase, signalling temporary indecision following the latest bullish move.
Key Technical Levels:
Support:
3250 – Critical near-term support; also the previous...
Gold continues to exhibit a bullish overall sentiment, supported by a well-established rising trend on the higher timeframes. However, recent intraday price action has transitioned into a consolidation phase, signalling temporary indecision following the latest bullish move.
Key Technical Levels:
Support:
3250 – Critical near-term support; also the previous...
Trend: Overall trend remains bullish, supported by rising price action.
Recent Movement: Price is in a sideways consolidation phase after a strong uptrend.
Key Levels
Support:
5310 – Key level from prior consolidation.
5275, then 5230 – Next supports if 5310 breaks.
Resistance:
5480 – First upside target.
5510, then 5565 – Further resistance levels on...
Trend: Overall trend remains bullish, supported by rising price action.
Recent Movement: Price is in a sideways consolidation phase after a strong uptrend.
Key Levels
Support:
8680 – Key level from prior consolidation.
8625, then 8510 – Next supports if 8680 breaks.
Resistance:
8850 – First upside target.
8910, then 9020 – Further resistance levels on...
Key Data Releases:
United States:
April PCE Price Index: A critical inflation gauge for the Fed’s policy outlook.
Personal Income & Spending: Insight into consumer strength and economic momentum.
Advance Goods Trade Balance & Wholesale Inventories: Impact on Q2 GDP expectations.
May MNI Chicago PMI: Regional manufacturing sentiment ahead of national...
The AUD/JPY pair is currently maintaining a bullish bias, underpinned by an ongoing uptrend. Recent price action shows sideways consolidation, typically a sign of trend continuation when occurring within an established bullish structure.
Key Level: 91.50
This level marks a prior consolidation zone and now acts as a critical support area.
Bullish Scenario (bounce...
GBP/CAD maintains a bullish bias, supported by a well-established rising trend. Recent intraday movement suggests sideways consolidation, which may serve as a base for the next upward leg if key support holds.
Key Level: 1.8530
This zone marks the previous consolidation range and serves as a critical support level.
Bullish Scenario (bounce from 1.8530):
A...
The GBP/JPY currency pair continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a corrective pullback, potentially setting up for another move lower if resistance holds.
Key Level: 196.50
This zone, previously a consolidation area, now acts as a significant resistance level.
Bearish Scenario (rejection...
Key Support and Resistance Levels
Resistance Level 1: 42,920
Resistance Level 2: 43,300
Resistance Level 3: 43,620
Support Level 1: 41,470
Support Level 2: 41,160
Support Level 3: 40,890
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It...
Trump-Era Tariffs Canceled: A US court struck down the “Liberation Day” tariffs, effective immediately. This boosts sentiment for industrials, consumer goods, and global supply chain-reliant stocks. The government is appealing the ruling.
US Dollar Strengthens: The DXY is back above 100, up 1.8% from last week’s lows. A strong dollar helps importers but may...
The GBP/CHF currency pair is currently exhibiting a bearish sentiment, aligned with the broader downtrend. Recent price action shows the market is in a sideways consolidation phase, indicating a potential pause before the next directional move.
Key Trading Level: 1.1230
This level marks a prior intraday consolidation zone and serves as a critical resistance area...
The GBPAUD currency pair continues to exhibit a bullish price action bias, underpinned by a well-established rising trend. Recent intraday movements indicate a sideways consolidation, suggesting the pair may be preparing for the next directional move.
Key Support Level: 2.0700
This level represents a significant area of prior consolidation and now acts as...
The GBP/USD currency pair maintains a bullish sentiment, supported by a rising trendline and sustained higher lows. The recent intraday price action suggests a corrective pullback within an overall uptrend, indicative of a consolidation phase rather than a reversal.
Key Support Level: 1.3400
This level aligns with a previous consolidation zone and is acting as a...
Trend Overview:
The DAX Index remains in a bullish trend, supported by a series of higher highs and higher lows. The broader structure continues to favor the upside, although recent intraday price action suggests a sideways consolidation, signaling a potential pause within the prevailing uptrend.
Key Support and Resistance Levels:
Support: 23680 (key pivot),...
Key Economic Data
US Q1 GDP (2nd estimate)
Critical gauge of US economic strength. A stronger print supports the USD and Treasury yields; a weaker print could increase rate cut expectations.
US Initial Jobless Claims
Weekly labor market barometer. Higher claims may signal softening employment, boosting rate cut speculation.
US April Pending Home...
The USDJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 145.60, which represents the current intraday swing low and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 145.60 resistance, could lead to a downside...
Recent price action in USDCHF suggests an oversold bounce, with resistance capping gains at the 0.8300 level.
The continuation of selling pressure could extend the downside move, with key support levels at 0.8130, followed by 0.8090 and 0.8050.
Alternatively, a confirmed breakout above 0.8300, accompanied by a daily close higher, would invalidate the bearish...
