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GBP/USD Price Analysis: Bears In Charge As 'Shooting Star' Looms
Article By:
Christian Borjon Valencia
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Friday, May 3, 2024 1:45 PM EDT
The pound has held onto its gains versus the US dollar, as it retraced from its three-week highs following a softer-than-expected US Nonfarm Payrolls report. Buyers lacked the strength to keep prices above the 1.2600 level.
Will US Economy Stabilize In Q2 After Two Quarterly Downshifts?
Article By:
James Picerno
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Friday, May 3, 2024 12:00 PM EDT
Preliminary estimates of second-quarter US GDP activity suggest output may stabilize after two straight quarters of slower growth. This estimate should be viewed cautiously this early in the current quarter.
S&P 500 Gaps 1%+ Higher
Article By:
Bespoke Investment Group
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Friday, May 3, 2024 11:45 AM EDT
The S&P 500 ETF (SPY) gapped up 1% at the open this morning, so here is a quick summary of how the ETF has typically traded on days when it gaps up 1%+.
In this article: SPY
EUR/JPY Extends Losses To Near 164.50 Amid Japan’s Intervention Fear
Article By:
Akhtar Faruqui
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Friday, May 3, 2024 10:56 AM EDT
EUR/JPY continues to lose ground amid potential market intervention by Japanese authorities. BoJ data showed that Japanese authorities possibly expended approximately ¥6.0 and ¥3.66 trillion on Monday and Wednesday, respectively, to bolster the JPY.
Starbucks Earnings Warn Of Belt Tightening
Article By:
Lance Roberts
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Friday, May 3, 2024 9:45 AM EDT
Starbucks latest earnings report sends the message that consumers may finally be retrenching after a few years of spending above their means.
XAUUSD Commodity Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Friday, May 3, 2024 8:13 AM EDT
Gold’s price trajectory stands as a resolute testament to bullish sentiment, with a clear resurgence in the long-term uptrend since its nadir in September 2024, bottoming out at 1616.
In this article: GLD
USD/JPY Extends Losses For Third Consecutive Session Towards Crucial Support
Article By:
Filip Lagaart
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Friday, May 3, 2024 6:55 AM EDT
The Japanese Yen is set to lock in a staggering performance for this week against the US Dollar. The Yen has appreciated over 3% following Japan’s intervention to propel the currency and the Fed’s less-hawkish rhetoric.
EURUSD Tests Resistance: Uptrend Signal Or Correction Within Downtrend?
Article By:
ForexCycle
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Friday, May 3, 2024 6:39 AM EDT
EURUSD’s price action faces a critical juncture, with a key resistance level potentially dictating the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios.
Gold Commentary - Friday, May 3
Article By:
James Harte
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Friday, May 3, 2024 6:29 AM EDT
Gold prices are trading a little softer on Friday as traders brace for the latest set of US labour market readings. The last three months’ worth of NFP results have each surprised to the upside, keeping USD well bid consequently.
In this article: GLD
GBPUSD Forex Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Friday, May 3, 2024 6:05 AM EDT
British Pound/U.S.Dollar(GBPUSD) Forex Elliott Wave Technical Analysis
Daily Market Outlook - Friday, May 3
Article By:
Patrick Munnelly
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Friday, May 3, 2024 5:43 AM EDT
The main focus this week has been on the US as markets anticipate signals for when the Federal Reserve will cut interest rates. Today, there is a busy US data calendar, with the labor market report being a key signal of economic conditions.
Block Inc. Stock Analysis & Elliott Wave Technical Forecast
Article By:
Peter Mathers
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Friday, May 3, 2024 4:26 AM EDT
Unlocking ASX Trading Success: BLOCK INC. - SQ2 Stock Analysis & Elliott Wave Technical Forecast
In this article: SQ