New Zealand BusinessNZ Performance of Manufacturing Index rose from 51.2 to 53.7 in December. Looking at some details, Production rose from 53.0 to 56.3. Employment rose from 48.5 to 52.0. New orders rose from 55.4 Read more…
DXY: On the weekly, prices have recently broken out of our descending trendline. We are expecting prices to dip from our 1st resistance at 95.818 in line with 61.8% Fibonacci extension and 50% Fibonacci retracement Read more…
Key Highlights USD/JPY started a fresh decline below the 115.00 support. A major bearish trend line is forming with resistance near 114.60 on the 4-hours chart. EUR/USD is facing resistance near 1.1400, GBP/USD started a Read more…
Short Term Elliott Wave view in EURUSD suggests rally to 1.1483 ended wave (4). Internal of wave (4) unfolded as an ABC zigzag Elliott Wave structure. In the 1 hour chart below, wave B ended Read more…
Minutes released from the December ECB meeting confirmed the dovishness that some ECB members have been touting for the last few days: recent and projected near-term inflation is driven by temporary factors that are expected Read more…
So far this year, volatility has been quite high as investors respond to high levels of inflation around the world, central bank policy tightening and another wave of coronavirus. We have seen some global indices Read more…
EURNZD reversed from resistance level 1.6795 Likely to fall to support level 1.6600 EURNZD recently reversed down from the key resistance level 1.6795 (which has been reversing the price from the start of October), intersecting Read more…
AUDCAD reversed from key support level 0.8970 Likely to rise to resistance level 0.9100 AUDCAD recently reversed up from the key support level 0.8970 (previous monthly low from December), intersecting with the lower daily Bollinger Read more…
The Oil market observed a series of impressive trading sessions in the past days, as WTI prices broke above the most recent highs they reached back in October and elevated to a new multiyear high Read more…
Central bank says it won’t act to create a cryptocurrency without support from Congress and the White House. The Federal Reserve released a study late Thursday raising the possibility of issuing a cryptocurrency and asking Read more…