Author: FX

Nikkei Futures (NKD) continues to demonstrate remarkable strength as it extends into new all‑time highs, reinforcing the bullish sequence that began from the March 23, 2026 low. This upward momentum favors additional gains in the near term. From the March 23 low, wave 1 concluded at 63,880, followed by a corrective pullback in wave 2 that ended at 59,352. The internal subdivision of wave 2 unfolded as a zigzag, a common corrective structure, before the Index resumed higher. The decisive break above the wave 1 peak confirmed that wave 3 had begun, signaling continuation of the impulsive advance.From wave 2,…

The Candle Length Indicator MT4 gives traders a concrete way to measure candle body and wick size in real time, helping filter out noise from genuinely meaningful price action. Here’s a closer look at what this tool does, how it works, and where it fits into a practical trading approach. What the Candle Length Indicator MT4 Actually Measures At its core, the Candle Length Indicator MT4 calculates the size of each candlestick – typically broken down into total candle range (high minus low), body size (open minus close), upper wick, and lower wick. These values get displayed either as labels…

Goldman Sachs has raised its S&P 500 year-end target to 8,000, citing exceptionally strong earnings growth of 24% for the year, with about half driven by AI infrastructure beneficiaries.I had this fresh target from GS posted up yesterday, but without detail as Aussie CPI, a groundwork laying BoJ, and the holding RBNZ kept me tied up. Adding info now. Summary: Source: Goldman Sachs research note, team led by chief US equity strategist Ben Snider, published 26 May 2026Goldman raised its S&P 500 year-end price target from 7,600 to 8,000, implying around 6% further upside from current levelsThe bank expects S&P…

Markets faced a tug-of-war on Wednesday between lingering optimism that a US-Iran agreement was imminent and a steady drumbeat of contradictory signals that kept traders from fully committing in either direction. WTI crude oil bore the deepest losses of the session as conflicting headlines from Washington and Tehran created whipsaw price action, while equities managed to hold near record territory and the New Zealand dollar emerged as the standout currency mover following a hawkish RBNZ policy statement. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Promoted:…

EUR/JPY’s rebound into the mid-185s brings a bullish EMA crossover into focus. Here are the levels traders may want to monitor. Source link

The Bank of Mexico (Banxico) released its Q1 2026 report on Wednesday, revising down 2026 GDP growth from 1.6% to 1.1%. The Mexican institution blamed a “considerably weaker” first-quarter performance, warning that investment could remain weak at least until the second half of 2026.Banxico revised up GDP growth for 2027 from 2% to 2.1% and maintained its headline inflation projection for Q4 at 3.5%. Core inflation for the same period is projected at 3.4%, unchanged.The Mexican central bank expects inflation to converge towards its 3% goal in the second quarter of 2027, yet noted that the risks of inflation remain…

Prior was 3.955%Bid to cover at 2.34 vs 2.33 priorPrimary Dealers 12.8% Direct 12.3% Indirect 74.9%A negligible tail of 0.1 bps. Treasury yields have been falling steadily since the May 19 highs. The optimism regarding a US-Iran deal helped ease inflation concerns as it also contributed to lower oil prices. Nevertheless, an agreement has not been reached yet and the Strait of Hormuz remains closed.For background, the US Treasury funds federal borrowing by selling marketable securities, bills, notes, bonds, FRNs, and TIPS, through regularly scheduled public auctions that set the clearing yield. The 5-year note is auctioned monthly: announced in…

TD Securities’ James Rossiter argues that recent UK GDP data may overstate underlying momentum due to problematic seasonal adjustment by the ONS. Using a double-seasonal adjustment approach inspired by the San Francisco Fed, he finds Q1 and Q2 growth inflated and H2 understated, implying 2026 Q1 GDP could be around 0.25ppt lower and later quarters stronger than reported.Questioning strength in UK growth data”UK GDP growth out-paced the rest of the G10 in 2025H1, and is again top of the charts for 2026Q1 data released so far.””But speculation has risen that there is a growing issue with the ONS’ seasonal factors…

American Airlines sees resilient demand cushioning fuel-price hit Source link

The weekly and monthly ADP reports have been pointing to a resilient and stable labour market. Their focus is on the inflation mandate now.For background, the NER Pulse is a weekly private-sector employment tracker launched in late 2025 by ADP Research in collaboration with the Stanford Digital Economy Lab. It serves as a high-frequency companion to the long-running monthly ADP National Employment Report (NER), which has delivered snapshots of U.S. private-sector hiring for nearly two decades and is built on anonymized payroll data covering more than 26 million U.S. employees, roughly one in six private-sector workers.ADP positioned the new release…