US producer prices surged far more than expected in May, highlighting that inflation pressures continue to build beneath the surface of the economy despite Wednesday’s relatively reassuring consumer inflation report. PPI rose 1.1% mom, matching April’s increase and exceeding expectations of 0.7% mom. Annual producer inflation accelerated from 5.9% yoy to 6.5% yoy, the strongest…
The Euro was broadly steady after the ECB delivered its widely anticipated 25 basis point rate hike, as traders quickly shifted their attention back to the Middle East. While the central bank raised inflation forecasts and lowered growth projections, the decision largely matched expectations. More importantly, policymakers offered no guidance on what comes next, leaving…
Brent oil price remains within a range between $90.00 and $95.00 for the fifth consecutive day despite renewed tensions in the Middle East and much stronger than expected draw in US crude inventories, as markets still do not see significant threat from the overall situation. Although the price repeatedly jumped (Wed / Thu) on fire…
Market Overview The crypto market capitalisation has risen by 0.9% to $2.15 trillion over the past 24 hours, with gains broadly distributed among the most popular altcoins. In the short term, this looks more like a technical rebound within a broader consolidation near the 200-week moving average than a full-fledged reversal. Nevertheless, relatively small coins…
On 11 June, the ECB is holding the second day of its Governing Council meeting. The interest rate decision will be announced at 14:15 CET, followed by a press conference by Christine Lagarde at 14:45 CET. Markets are focused on the possibility of a 25-basis-point rate increase to 2.25%. The case for further tightening is…
The short-term Elliott Wave structure from the May 6, 2026 peak is developing as a clear five-wave impulse. From the May 6 high, wave ((i)) concluded at $74,192, followed by a corrective rally in wave ((ii)) that terminated at $78,000. After this retracement, the cryptocurrency resumed its decline in wave ((iii)), which itself unfolded as…
Key Highlights AUD/USD started a fresh decline below 0.7120 and 0.7080. A bearish trend line is forming with resistance at 0.7065 on the 4-hour chart. Bitcoin started a consolidation phase above $60,000. Gold extended losses below $4,200 and tested $4,050. AUD/USD Technical Analysis The Aussie Dollar failed to stay above 0.7120 and declined against the…
EUR/USD Analysis Summary Today Overall Trend: Remains Bearish. Support Levels for EUR/USD Today: 1.1515 – 1.1460 – 1.1380 Resistance Levels for EUR/USD Today: 1.1585 – 1.1640 – 1.1750 EUR/USD Trading Signals: Buy scenario: From the support level of 1.1465 with a target of 1.1620 and a stop-loss at 1.1400 Sell scenario: From the resistance level…
Today’s Gold Analysis Overview: The Overall Gold Trend: Strongly Bearish. Today’s Gold Support Points: $4210 – $4140 – $4000 per ounce. Today’s Gold Resistance Points: $4340 – $4460 – $4500 per ounce. Today’s Gold Trading Signals: Bullish Scenario: Buy gold from the support level of $4190 with a target of $4450 and a stop-loss at…
Intraday bias in GBP/USD remains neutral as range trading continues. On the downside, break of 1.3300 will target a retest on 1.3158. Firm break there will extend the whole fall from 1.3867 to 100% projection of 1.3867 to 1.3158 from 1.3657 at 1.2948. For now, risk is mildly on the downside as long as 1.3508…