Month: July 2022

To start we have some breaking news from Japan, where it appears that former Japanese Prime Minister Shinzo Abe has been shot while making a speech in the city of Nara. Mr Abe is being Read more…

Short term Elliott Wave view in EURJPY is telling us that pair completed an impulse from March 2022 low. Market peak at 144.289 and we labeled as wave ((1)). We believe that market has started Read more…

Daily Pivots: (S1) 0.9699; (P) 0.9724; (R1) 0.9766; More… No change in USD/CHF’s outlook as focus remains on 0.9731 minor resistance. Sustained break there will argue that the consolidation from 1.0063 has completed and bring Read more…

Overall markets are relatively quiet in Asian session today. There is little reaction to the tragic news that former Japanese Prime Minister Shinzo Abe was shot and gravely injured. Dollar and Yen remain the strongest Read more…

St. Louis Fed President James Bullard “I think it would make a lot of sense to go with the 75 at this juncture”, referring to the rate hike in this month’s FOMC meeting. “I’ve advocated and Read more…

Fed Governor Christopher Waller said yesterday, “we need to move to a much more restrictive setting” and do that “as quickly as possible.” “I’m definitely in support of doing another 75 basis point hike in Read more…

DXY: On the H4, with prices moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that prices will drop and rise from 1st support at 105.794 where the pullback Read more…

We’ve seen some heat coming out of the USDX as it tested 107, yet on the 4hr or daily, I’m yet to have a sell signal and maintain a long bias. That may change, but Read more…

It’s been a very interesting last few days with a rapidly changing political landscape. Read below to find out what happens next. Boris Johnson’s reign comes to an end. The final straw seems to be Read more…

The Reserve Bank Board decided to increase the cash rate target by 50 basis points to 1.35% at its July Board meeting. The decision was expected by Westpac and widely anticipated by the market and Read more…