Financial Updates Today

General Market Overview Today

PPIisindicative of a possible slowdown to the USD as it appears to be lower than expected by 0.1%. Some analysts call onthe fact that they do not need rate cuts, that the markets are healthy,and that the fundamentals of the economy are going strong.

Growth and income are still good for households however, inflation still holds worry over them. Froma retailstandpoint, prices are down by 1%. The inflation pressure is shown more inthe service industry and not so much inthe goods industry.

Equities appearto be attractive as the soar continues. Today, we see Apple climbing at 4.33%, Amazon by 1.67% creating new all-time highs, Microsoft at 1.10%, Nvidia at 4.11%, and Microsoft at 1.10%.

Meanwhile, the S&P 500 is up by 0.74%, the Nasdaq is up by 1.68%, and The Russel by 0.7%. We do see a decline in the NYSE Composite by 0.18% and 0.0063% for the Dow Jones.

Tech companies looking delightful to investors as the surge of AI continues to call attention. We do suggest keeping a close eye onthese areas of the market as a broad range of opportunities are available in power generation, electronic components, natural investments, and more.

The 30-yearyields are up by 0.11%. 10-yearyields are up by 0.09% but analysts find it hard to see it rise any higher as the next barrier stands at 4.7%; strength brought by FED still showing no signs of cutting rates. 5 Year yields are down by 0.05%. 2 Year yields are down by 0.26%.

Rate cutexpectations were pushed back to December.

GOLD - Intraday reviews of the market appear dashing on the Gold as strength still shows no signs of stopping as it breaks through Hourly structure at 2365.734. We still view Gold to tick onto the 2449.620 structure.

SILVER - As prices got held in between the Hourly range of 28.322 and 27.598, its upward momentum is still on the roll. After breaking through the upper boundary of the hourly range, the price ticks closer to the monthly structure at 29.900 where we can see a possible test of said structure. However, as the market is about to close for the week, we can see one of two scenarios-- a parabolic move toward a structure or a pull back into the range to collect trades for next week's session.

DXY - With PPI appearing lower than expected by 0.1%, the potential for monetary tightening has lowered, which may dampen the strength coming into the dollar. Though, we still see it on the bullish side. While it's safer to call for other means of measuring the currency's strength, based on economic indicators alone, it may run as the concerns of inflation havebeen shared by producers, making it appear to the people as not so concerning. This is further proven by a steepening yield curve as the rising 10-year bond yields and drop inthe 2-year bond yields may indicate a strengthening economy and the people finding confidence, taking more risky investments. However, it is still important to note that market close for the week is coming up so we may still see two scenarios that may come into play-- a parabolic movement out of structure or a delayed pull back down below structure to collect more trades. We can see the Hourly structure playing well under the hourly structure of 105.301 while still being supported by 105.084. If the breakthroughis successful, we can see prices testing the latest hourly high for this week at 105.529. A decline may mean a range below 105.084 or a ranging movement in between said prices.

GBPUSD - We may not experience a huge movement for GBPUSD as we see a huge drop from yesterday's action. However, as it still respects hourly structure at 1.25740, we may see a test or a slight breakthrough of the 1.25024 which is the bottom of the daily range,or the price may stagnate in between said prices.

AUDUSD - Prices are playing in between the daily structure at 0.65250 and the hourly structure at 0.65618, showing an unsure momentum into the market. However, as prices stand, it is still indicative of a downward trend as the hourly move showsa break beyond the daily structure.

NZDUSD - Prices have tested the monthly structure at 0.59796. There is potential for the price to fall beyond the monthly structure, range for today, or return for a pullback to 0.60455 and buy time for prices to stagnate and call for more trades.

EURUSD - With prices testing the daily structure at 1.07240, we can expect to see one of three scenarios as we near market close: A pullback to an hourly structure at 1.07793, a push beyond the structure, or a ranging day.

USDJPY - USDJPY has created yet another tight structure in the hourly chart as the structure at 153.239 proved a challenge for prices to go beyond while the structure at 152.760 continues to support the bullish trend. We still see this bullish with the potential to stagnate for the end of the week.

USDCHF - With the daily upward channel still being respected, we can see the price supported by the hourly structure at 0.90743 but is below the middle point of the channel. Upon a successful breakthrough, we can see prices testing or potentially rising beyond 0.91473. There is also potential for prices to stagnate below the hourly structure or in between said area.

USDCAD - Prices are clamped tight in the hourly chart as the USDCAD is supported by the hourly structure at 1.36697 while being resisted at 1.37022. We still see the pair testing the daily structure at 1.37881 after a successful bounce off the 1.35762, we cannot call it to happen within the day, However, there is potential for this to still occur.