Daily Pivots: (S1) 136.00; (P) 136.85; (R1) 137.53; More…. EUR/JPY is still extending the consolidation pattern from 139.99 and intraday bias remains neutral first. In case of another decline, downside should be contained by 38.2% Read more…
Daily Pivots: (S1) 158.25; (P) 159.79; (R1) 160.73; More… GBP/JPY’s fall from 168.50 resumed by breaking through 159.59 and intraday bias is back on the downside. Current fall should be seen to 61.8% retracement of Read more…
With the help from risk aversion and extended pull back in benchmark global treasury yields, Yen’s rebound is making some progress. US 10-year yield is back below 2.9% handle in Asian session while Germany 10-year Read more…
DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance in line with the swing high resistance to our Read more…
In the Summary of Opinions of the April 27-28 meeting, BoJ noted that “as Japan is a commodity importer, the rise in commodity prices leads to an outflow of income from Japan and thus exerts Read more…
In a Yahoo Finance interview, St. Louis Fed President James Bullard said that a 75bps rate hike is “not my base case”, and he gave a nod to the 50bps per meeting plan. “We’ve got Read more…
Atlanta Fed President Raphael Bostic said yesterday, “we are going to get our policy rate certainly to a neutral space where we are no longer providing accommodation. If inflation stays at high levels or levels Read more…
A bleak economic forecast from the Bank of England exacerbated the sell-off in the bruised pound last week, making Thursday’s preliminary Q1 GDP growth figures important to watch at 07:00 GMT. Despite a quarterly slowdown, Read more…
As the coronavirus hit China in February 2020, Silver (XAG/USD) sold off and reached a low of 11.64. However, by the week of August 3rd of that same year, as gold was making all-time highs, Read more…
Short Term View in AUDJPY shows a bearish sequence from April 20, 2022 high favoring further downside. The decline from April 20 is unfolding as a zigzag Elliott Wave structure. Down from April 20, wave Read more…