Month: July 2022

Daily Pivots: (S1) 1.1827; (P) 1.1932; (R1) 1.1998; More… GBP/USD’s down trend resumes after brief consolidations. Intraday bias is back on the downside for 100% projection of 1.2666 to 1.1932 from 1.2405 at 1.1671. Decisive Read more…

Dollar is staying as the strongest major currency in the market for now. Yen and Swiss Franc are not performing too badly, as supported by mild risk-off sentiment. But Canadian Dollar is also resilient, awaiting Read more…

EURJPY is tumbling below the medium-term ascending trend line, changing the bullish outlook to neutral. The RSI is sloping downwards in the negative region, while the MACD is losing momentum below its trigger and zero Read more…

Markets The dollar enjoyed another day in paradise yesterday. The greenback excelled at the start of the new week, sprinting higher against all of its most important peers during outright risk aversion. Recession fears already Read more…

Things sure are looking messy out there right now, especially in Forex Land where the Euro is within a hair’s breadth of trading at parity with the US Dollar this morning. Overnight, the single currency Read more…

Short term Elliott Wave view in Gold (XAUUSD) suggests the decline from 6/17/2022 high is unfolding as a 5 waves impulse Elliott Wave structure to complete a wave 3 of higher degree. Down from 6/16/2022 Read more…

Australia NAB business confidence dropped from 6 to 1 in June. Business conditions dropped from 15 to 13. Looking at some details, trading conditions dropped from 21 to 18. Profitability conditions dropped from 16 to Read more…

Australia Westpac Consumer Sentiment Index dropped from 86.4 to to 83.8 in July. The confidence has been falling every month this year, and it’s now -19.7% below December’s level. Westpac said that both level and Read more…

Atlanta Fed president Raphael Bostic said yesterday, “the data that came in the last several months really pointed to a need for us to get closer to that neutral stance faster,” “I’m confident that the Read more…