Geopolitics has determined the Forex leaders

The Australian dollar and the Norwegian krone are leading the pack.

The labour market could give the US dollar a boost.

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🗓 Economic Calendar at 2026/05/11 (GMT)

01:30 🇨🇳 ⚡️ Consumer Price Index — Exp: 0.9% Actual: 1.2%

01:30 🇨🇳 Producer Price Index — Exp: 1.7% Actual: 2.8%

14:00 🇺🇸 Existing Home Sales — Exp: 4.05M Actual: 4.02M | 0.2%


[Updated in real time]

⚠️ China — Consumer Price Index at 03:00 GMT

✔️ Prev: 1.0%

🕒 Exp: 0.9%

🎯 Fact.: 1.2% 📈

▶️ Oil. Bearish trend

Today is Monday, the 11th of May.

Let's take a look at what's happening and what we can expect this summer.

So the main thing I wanted to draw your attention to is this triangle, which is part of this downward correction...

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The labour market failed to boost the dollar

Strong US employment figures were not enough to prevent the dollar from falling.

Geopolitics and risk appetite remain the key drivers.

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🇺🇸 US Pre-Market: Mostly Negative 📉

Negative sentiment is prevailing in the US stock market pre-market, with major technology and consumer companies trading lower, fuelling risk-off sentiment.

In the Information Technology sector, NVIDIA (NVDA) is down 0.70%, Broadcom (AVGO) is down 1.27%, while Microsoft (MSFT) is down 0.95%.

In the Communication Services sector, Alphabet (GOOGL) is down 1.16%.

In the Energy sector, Exxon Mobil (XOM) is up 1.07%, while Chevron (CVX) is up 1.03%.

Overall, despite some gains in the energy sector and select cyclical stocks, the predominance of declines among large-cap names signals demand for safe-haven assets and is supporting the dollar through inflows into Treasuries and money markets, limiting interest in riskier currencies.

EURJPY Wave Analysis – 11 May 2026

- EURJPY reversed from support zone

- Likely to rise to resistance levels 186.00 and 188.00

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Silver Wave Analysis – 11 May 2026

- Silver broke daily Triangle

- Likely to rise to resistance level 75.30

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🗓 Economic Calendar at 2026/05/12 (GMT)

09:00 🇩🇪 ZEW Economic Sentiment — Exp: -19.1 Actual: -10.2

09:00 🇩🇪 ZEW Survey (Current Situation) — Exp: -77.5 Actual: -77.8

09:00 🇪🇺 ZEW Economic Sentiment — Exp: -21.6 Actual: -9.1

09:30 🇦🇺 Annual Budget Release

12:30 🇺🇸 ⚡️ Consumer Price Index — Exp: 0.6% | 3.7% Actual: 0.6% | 3.8%

12:30 🇺🇸 ⚡️ Core CPI — Exp: 0.3% | 2.7% Actual: 0.4% | 2.8%


[Updated in real time]

Nvidia Wave Analysis – 11 May 2026

- Nvidia broke pivotal resistance level 212.0

- Likely to rise to resistance level 225.0

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Trip Wave Analysis – 11 May 2026

- Trip falling inside active impulse wave v

- Likely to fall to support level 9.00

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Bitcoin hits the pause button at $80k

The crypto market capitalisation has stalled at around $2.70 trillion, reflecting Bitcoin’s indecision around $80,000. At the same time, risk aversion is mounting in global markets, which can be easily linked to profit-taking following the rally and the US dollar's upward momentum. Among the top coins, the leaders over the past day were Theta (+8.5%), Toncoin (+4.9%) and NEAR Protocol (+2.1%). The underperformers were Dash (-4.2%), Official Trump (-3.5%) and Zcash (-3.5%).

The sentiment index has settled just below the midpoint of the range, recording readings of 47, 48 and 49 over the last three days. At the same time, we continue to note how difficult it is for the crypto market to consolidate at the upper end of the spectrum, which indicates a predominance of bears.

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US inflation will put everything into perspective

An acceleration in the US CPI will support the US dollar.

Currency interventions have provided temporary relief for the yen.

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⚠️ USA — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.9% | 3.3%

🕒 Exp: 0.6% | 3.7%

🎯 Fact.: 0.6% | 3.8% 📈

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⚠️ USA — Core CPI at 03:00 GMT

✔️ Prev: 0.2% | 2.6%

🕒 Exp: 0.3% | 2.7%

🎯 Fact.: 0.4% 📈 | 2.8% 📈

🇺🇸 US Pre-Market: Mostly Negative 📉

Negative sentiment is prevailing in the US stock market pre-market, with pressure coming primarily from the largest technology companies.

In the Financials sector, JPMorgan Chase (JPM) is up 0.30%, while Bank of America (BAC) is up 0.14%.

In the Information Technology sector, NVIDIA (NVDA) is down 0.27%, while Broadcom (AVGO) is down 1.50%.

In the Health Care sector, Johnson & Johnson (JNJ) is up 0.13%, while Eli Lilly (LLY) is down 0.26%.

The predominance of declines in the technology sector reflects risk aversion within the US market and is accompanied by increased demand for Treasuries. Against this backdrop, the dollar is receiving moderate safe-haven support, which may contribute to short-term strengthening against currencies with a more pronounced beta to global risks.

⚠️ USA — Fed Chair Nomination Vote at 15:00 GMT

▶️ Pro News Flash: Why the S&P 500 Won’t Stop Climbing

🟢 The S&P 500 is pushing back toward record highs, brushing aside geopolitical tensions in the Middle East as investors embrace a renewed “Goldilocks” market environment.

📈 Strong corporate earnings, resilient US economic data, and expectations that the Federal Reserve still prefers future rate cuts are helping fuel bullish momentum across Wall Street.

💻 Big Tech continues to dominate the US market, but in 2026 semiconductor stocks are stealing the spotlight. The Philadelphia Semiconductor Index (SOX) has surged 60% in just six weeks as retail investor demand for chipmaker shares explodes.

🌍 The tech-heavy nature of the S&P 500 is helping US equities outperform Europe, with American indices benefiting from stronger earnings surprises and continued AI-driven optimism.

📊 Wall Street forecasts keep climbing higher. HSBC, CFRA Research and Yardeni Research have all raised their year-end targets for the S&P 500, with some analysts now expecting another year of double-digit gains.

⚠️ But risks are building beneath the surface. Rising inflation pressures could force the Fed to tighten policy again, while comparisons to past market bubbles are starting to grow louder. All eyes now turn to upcoming US CPI data as the next major test for equities.

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Citibank Wave Analysis – 12 May 2026

- Citibank reversed from support level 124.15

- Likely to rise to resistance level 131.65

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