EURJPY had an impressive start to the week, but despite its bold bullish correction up to a one-month high of 138.96, the pair could not exit the bearish channel nor could it close above the Read more…
XAGUSD seems to be forming a correction wave b of the cycle degree, which is part of a large zigzag. Apparently, correction b is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of it Read more…
Equities remain under pressure as investors brace for more aggressive hikes from central banks. The FTSE 100 lost its momentum as it came closer to the triple top (7650) from the daily chart. An initial Read more…
The Australian dollar bounced higher after upbeat retail sales in July. Its previous failed attempt to clear the psychological level of 0.7000 led to a new round of sell-off below 0.6850. This is a sign Read more…
The Japanese yen steadied after July’s unemployment met expectations. A close above 138.80 has put the greenback right under last July’s peak at 139.40, hitting a 24-year high. A bullish breakout would attract more buying Read more…
EUR/USD The single European currency is trying to stop its depreciation against the U.S. dollar and has been moving in a range between 1.0089 and 0.9901 for the past five days. While attempts by the Read more…
Swiss KOF Economic Barometer dropped from 90.5 to 86.5 in August, below expectation of 88.6. KOF said the reading is “quite considerably below its long-term average”. Accordingly, “for the near future the outlook for the Read more…
Markets Yesterday, last week’s repositioning on US and European interest rate markets simply continued with European markets again underperforming. Chair Powell on Friday was very clear that the Fed will do ‘whatever it takes’ to Read more…
Daily Pivots: (S1) 0.9932; (P) 0.9980; (R1) 1.0047; More… Intraday bias in EUR/USD stays neutral and further fall is expected with 1.0094 resistance intact. On the downside, break of 0.9899 will resume larger down trend Read more…
Daily Pivots: (S1) 0.9655; (P) 0.9682; (R1) 0.9709; More… With 0.9576 minor support intact, further rise is expected in USD/CHF. Outlook is unchanged that triangle correction from 1.0063 could have completed at 0.9369 already. Further Read more…