US dollar retreat continues The New Zealand dollar is enjoying a banner day. NZD/USD has jumped 1.14% and is trading at 0.6224, its highest level in two weeks. The US dollar continues to retreat across Read more…
Eurozone CPI was finalized at 8.6% yoy in June up from May’s 8.1% yoy. Excluding energy, food, alcohol & tobacco, CPI was finalized at 3.7% yoy, down form May’s 3.8% yoy. The highest contribution to Read more…
Bitcoin rose 2.9% on Monday, ending the day around $21.5K, and continuing to test the $22K level on Tuesday morning. So far, we are seeing an intensification of selling as buyers push the price up Read more…
EURJPY paused its short-term bullish sequence near a two-week high of 140.78 and below the 20-day simple moving average (SMA) on Monday as the broken support trendline from March came to block the way higher. The technical Read more…
GBP/USD rises as the jobs market boom continues GBP/USD is extending its rebound from a 2-year low last week, heading towards 1.20 following UK jobs data. Unemployment held steady at 3.8%, defying forecasts of a Read more…
A sense of caution has taken hold of financial markets as investors adopt a guarded stance ahead of another week packed with key economic reports and risk events. Asian shares got no love this morning, Read more…
The internal structure of the USDCNH pair hints at the primary zigzag pattern Ⓐ-Ⓑ-Ⓒ, which in the long term forms a cycle correction IV. The correction model today looks completed in two parts out of Read more…
Cable keeps positive tone and attacks again pivotal 1.20 resistance zone (psychological / Fibo 38.2% of 1.2406/1.1760 bear-leg / trendline resistance), after Monday’s action spiked to 1.2033 but failed to sustain gains and closed below Read more…
Euro jumps broadly after Reuters reported that ECB policymakers will discuss whether to raise interest rate by 50bps this Thursday, as a option to the pre-committed 25bps hike. But ECB spokesperson declined to comment so Read more…
Daily Pivots: (S1) 164.16; (P) 165.13; (R1) 166.08; More… Intraday bias in GBP/JPY stays on the upside at this point. Consolidation from 168.67 should have completed with three waves to 160.37. Further rally should be Read more…