Month: July 2022

Daily Pivots: (S1) 1.0406; (P) 1.0435 (R1) 1.0452; More… Intraday bias in EUR/USD remains on the downside at this point. Current down trend should target 1.0090 long term projection level. On the upside, above 1.0358 Read more…

Daily Pivots: (S1) 1.1862; (P) 1.1993; (R1) 1.2088; More… Intraday bias in GBP/USD remains on the downside as medium term down trend is in progress. Next near term target is 100% projection of 1.2666 to Read more…

Recession fear is currently the main theme in the markets, with Euro and Sterling hardest hit in the currency markets. Canadian Dollar is somewhat a distant third weakest, as dragged down by oil prices. Nevertheless, Read more…

Oil prices tumbled sharply this week, together with some commodities, on as recession fears mounted. WTI crude oil price have briefly breached 100 handle and remains soft. Technically, the fall in oil price is not Read more…

BoE MPC member Silvana Tenreyro said “I wouldn’t expect the effect of the unwind, of QT (quantitative tightening), to have a material impact on the economy. So far our experience with the beginning of the Read more…

DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that prices will drop and rise from 1st resistance at 105.794 where Read more…

Can the pair reach 1.0000? EUR/USD had been moving lower since May 2021, as concerns kicked in that the ECB wasn’t doing enough to help the European economy starve off high inflation. Indeed, inflation continued Read more…

WTI has plunged about $10 from the highs to fall below $100 and was still going lower at the time of writing What a slump! Crude oil prices have just crashed as weakening demand concerns Read more…

Short term Elliott Wave view in Nasdaq suggests the decline to 11068.5 ended wave (3). Wave (4) corrective rally ended at 12261.78 with internal subdivision as a zigzag Elliott Wave structure. Up from wave (3), Read more…