Breaking news: coronavirus won’t be the number one enemy of the global economy in 2022. Instead, this year’s most significant risks will come from inflation and policymakers’ decisions in the recovery era from the consequences Read more…
Gold price failed to clear the $1,830 resistance and corrected lower against the US Dollar. The price broke the $1,820 support level to move into a short-term negative zone. Besides, there was a break below Read more…
EURUSD is returning around the 1.1400 level and is flirting with the long-term descending trend line in the Ichimoku cloud. Also, the price is still hovering underneath the 23.6% Fibonacci retracement level of the down Read more…
EUR/USD After the rally was limited by the resistance zone at 1.1480, the bears prevailed. The European common currency lost quite a bit of ground against the dollar and, during the early hours of today`s Read more…
Our weekly analysis on Elliott Waves takes a close look at the GBP/USD, the Ethereum cryptocurrency, and the Gold commodity. Our analysis indicates a bearish ABC correction on the GBP/USD, a potential 5 waves down Read more…
Markets US retail data on Friday printed softer than expected. Headline sales declined 1.9% M/M and control group sales (-3.1% M/M), a proxy for consumption in GDP, missed the consensus by quite a big margin. Read more…
The EURUSD turned lower on Friday after the US published weak retail sales numbers. The data revealed that the country’s retail sales declined sharply in December as inflation concerns remained. The headline retail sales declined Read more…
Market movers today There are no tier-1 market movers today and it will be a pretty quiet week on the data front where the main highlights will be German ZEW and US regional surveys from Read more…
Daily Pivots: (S1) 1.1382; (P) 1.1433; (R1) 1.1466; More… Intraday bias in EUR/USD remains neutral at this point and outlook is unchanged. Rebound from 1.1185 is seen as a corrective move. Above 1.1482 will extend Read more…
Daily Pivots: (S1) 1.3642; (P) 1.3692; (R1) 1.3732; More… Intraday bias in GBP/USD remains neutral for consolidation below 1.3748 temporary top. Downside of retreat should be contained by 1.3489 support to bring another rally. As Read more…