Short Term Elliott Wave View in USDJPY suggests the rally to 116.34 ended wave (1) on February 10, 2022. Pair has since turned lower in wave (2) with internal subdivision as a zigzag Elliott Wave Read more…
The significance of OPEC’s meeting has diminished somewhat with Russia stealing headlines, and four key members intending to stick to raising output by 400k bpd. Asian Indices: Australia’s ASX 200 index rose by 6.7 points Read more…
Markets The war in Ukraine yesterday again triggered an outright risk-off session. The uncertainty on how far the conflict will go is evidently the first concern. However, from an economic point of view, markets fear Read more…
The barrel of US crude jumped more than 11.5% yesterday and soared another 2% to $111 mark this morning, as the cruelty of the Ukrainian war pushes the US to ban the purchase of Russian Read more…
Market movers today Everything is still about the Russian invasion of Ukraine and we continue to expect volatile markets near-term. Today, the peace negotiations between Russia and Ukraine continue but with the war continuing we Read more…
EUR/USD The currency pair failed to overcome the resistance at 1.1232 and was strongly sold off with the opening of European markets. Support at 1.1180 has been breached and the bears are testing the bottom Read more…
The Canadian dollar clawed back losses after the Q4 GDP beat expectations. A jump above 90.70 has prompted sellers to cover their bets, opening the door for a potential reversal. 91.10 is the next resistance Read more…
The Australian dollar steadied after the RBA warned that energy prices could flare up inflation. A break above the previous high (0.7285) shows buyers’ strong commitment despite sharp liquidation. Sentiment swiftly recovered and may attract Read more…
Gold recovered after the first round of peace talks between Ukraine and Russia ended without a resolution. The precious metal found support over 1885. The rising trendline from early February indicates that the general direction Read more…
Daily Pivots: (S1) 1.3272; (P) 1.3355; (R1) 1.3407; More… Intraday bias in GBP/USD stays neutral first and further decline is expected with 1.3485 support turned resistance intact. On the downside, break of 1.3272 will target Read more…