Yesterday’s Market Wrap
Today’s Market Expectations
Today we had the Tokyo core inflation which held steady in April, although retail sales slowed, while the Bank of Japan held its meeting a while ago. There were fears of policy change, but they kept rates on hold at -0.10% as inflation has also steadied. The German CPI inflation released a while ago showed a slowdown, while the Eurozone flash prelim GDP to be released shortly, with expectations for a 0.2% expansion. Canada GDP is also expected to have expanded by 0.2% in February, but the US core PCE inflation is the most important data of the day, and it is expected to remain steady at 0.3%.
Yesterday markets the volatility picked up somewhat, especially after the US GDP repoet which sent risk assets lower and the UD higher for a while. Yesterday we saw a comeback in risk currencies while the USD declined. We opened four trading signals, closing the day with three winning forex signals and a losing one.
The 100 SMA Still Keeping GOLD Down
XAU/USD – 240 minute chart
Booking Profit in USD/JPY Yesterday
USD/JPY – 240 minute chart
Cryptocurrency Update
BITCOIN Jumping Up and Down
BTC/USD – Daily chart
ETHEREUM Stuck Between 2 MAs Now
ETH/USD – 240 minute chart
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