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India’s Boeing 787 Disaster Sparks Global Alarm An Air India Boeing 787 Dreamliner crashed shortly after takeoff from Ahmedabad on June 12, tragically killing all 242 passengers and 27 people on the ground. Preliminary reports point to mechanical failure during climb-out. The market rea

Gold is showing clear evidence that it remains in Wave 4, unfolding most likely as a contracting triangle. Recent price action invalidates an impulsive Wave (B) due to overlap with Wave 1 territory, ruling out the idea that Wave 5 has already begun. Instead, the internal structure and behavior stron

We are not the only oddball worried about the Fed cutting too soon. Everybody else is cutting (except Japan, dragging its heels on a hike). The super-smart Donnelly writes “If inflation is rolling over in the US and economists (and the market) have overestimated the inflationary shock from tariffs,

Some ECB officials, including the President herself, have recently made no secret of their ambitions to establish the euro as the world's new reserve currency, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes. US sanctions policy may jeopardize the USD's haven status "However, th

The EURUSD is poised to hit new highs as we are very close (today) to challenging the longer term 127% extension (Sept 2024 high to 2025 lows) once again and new highs of the year at 1.1572. However, above there the market may be targeting the 161% golden Fibonacci levels at 1.1873. Before we hit th

Overview May inflation data was softer than expected despite the tariffs. Underlying price pressures remained on a cooling trend across both the euro area and the US, as well as goods and services. Survey-based US inflation expectations measures spiked sharply higher in April but moderated after the

Japanese Yen (JPY) is soft, down marginally against the US Dollar (USD) but outperforming most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes. BoJ maintains focus on reducing JGB purchases and raising rates "Fundamentals are supportive as market participants respond to B

NZD/USD jumps to near 0.6000 as the US Dollar turns upside down in the aftermath of the US court’s ban on Trump’s tariff agenda.The US court accused Trump of abusing the law of national emergency.The RBNZ has signaled that there will be more interest rate cuts than what they had anticipated. The NZD