DXY: On the H4, with prices below the ichimoku indicator and prices breakout of the ascending channel, we have a bearish bias that price will drop to our 1st support at 102.492 where the horizontal Read more…
Japan headline CPI (all items) rose from 1.2% yoy to 2.5% yoy in April. CPI core (ex-fresh food) rose from 0.8% yoy to 2.1% yoy. CPI core-core (ex-fresh food, energy) rose from -0.7% yoy to Read more…
Comments from SNB’s president suggest the central bank might be closer to hiking rates sooner than some expect. The Swiss franc was firmly higher yesterday. A natural assumption could attribute the moves to safe-haven flows Read more…
New Zealand goods exports rose 17% yoy to NZD 6.3B in April. Imports rose 15% yoy to NZD 5.7%B. Monthly trade surplus came in at NZD 584m, versus expectation of NZD -350m deficit. Exports rose Read more…
Minneapolis Fed President Neel Kashkari said yesterday, “we know we have to get inflation down; we are doing everything we can to achieve a ‘soft landing,’ but I’ll be honest with you: I don’t know Read more…
GBP/USD has been moving higher this week as a result of the strong labor market in the UK and the high inflation readings. Earlier this week, in the Currency Pair of the Week, we discussed Read more…
Short Term Elliott Wave View in EURUSD suggests the decline from February 10, 2022 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from February 10, wave (1) ended at 1.0806 and Read more…
GBP/USD look headed for its first weekly gain in four weeks moving into late Thursday trading. At the time of writing, the pair was trading up by 2.03% at 1.25089, supported by a broadly weaker Read more…
GBPCHF reversed from key support level 1.2100 Likely to rise to resistance level 1.2200 GBPCHF today reversed up with the daily Long-Legged Doji from the key support level 1.2100 (which has been steadily reversing the Read more…
AUDCHF reversed from support area Likely to rise to resistance level 0.6900 AUDCHF today reversed up from the support area lying at the intersection of the support level 0.6835 (former resistance from March, acting as Read more…