GBPUSD Soars 160 Pips from Blue Box as Buyers Resume GBPUSD resumes the bullish cycle from the blue box to give sellers warnings. The pair is still within an incomplete bullish cycle from from September 2022. This blog post shares the setup that gave the Elliottwave-Forecast members the clues on where to buy. GBPUSD has been on a bullish cycle since October 2022, albeit a …
https://www.forexcycle.com/dai....ly-forex-reports/139

SMH Finds Support After Double Correction, Wave (V) in Motion The VanEck Semiconductor ETF (SMH) gives investors access to 25 major U.S.-listed semiconductor companies. The fund includes NVIDIA, Taiwan Semiconductor, Broadcom, Texas Instruments, QUALCOMM, ASML Holding, Applied Materials, Lam Research, Micron Technology, and AMD. Analysts view SMH as a strong investment in a sector driving advancements in AI, cloud computing, and high-performance computing. While volatile, …
https://www.forexcycle.com/dai....ly-forex-reports/139

Yen posts sharp gains as PPI hit 4 percent The yen has surged about 1% today after PPI rose by 4% in April. The Fed remains in a wait-and-see stance after US inflation rose slightly but was lower than expected.
https://www.marketpulse.com/ne....ws/yen-posts-sharp-g

Australian dollar loses ground, jobs report next The Australian dollar has declined after massive gains a day earlier. Australia's wage growth improved to 0.9%, higher than expected. Australia's employment change is expected to ease on Wednesday.
https://www.marketpulse.com/ne....ws/australian-dollar

Gold (XAU/USD) Slides 2.2% to One-Month Lows. $3150 incoming? Gold (XAU/USD) sees a 2.2% drop to one-month lows. Easing US-China tensions, Trump's Gulf investments, and potential trade deals with Japan, South Korea, and India pressure safe-haven demand. Russia-Ukraine talks could further impact prices. Technical analysis shows key support levels and OANDA client sentiment is 73% net-long.
https://www.marketpulse.com/ma....rkets/gold-xauusd-sl