Month: August 2022

Equities plunge as investors fear that central banks could double down on their fight against inflation. The Dax 40 turned south at the start of a deep correction back in June (13960). As a sign Read more…

The Australian dollar slipped as risk appetite subsided across the board. The pair met stiff selling pressure at the start of the liquidation in June (0.7130). A fall below 0.6950 has put the bulls on Read more…

Daily Pivots: (S1) 1.2996; (P) 1.3029; (R1) 1.3085; More… USD/CAD’s rise from 1.2726 is still in progress. Corrective decline from 1.3222 should have completed with three waves down to 1.2726. Further rally would be seen Read more…

Daily Pivots: (S1) 0.6850; (P) 0.6889; (R1) 0.6917; More… Despite some loss of downside momentum, intraday bias in AUD/USD stays on the downside. Corrective rebound from 0.6680 should have completed with three waves up to Read more…

Daily Pivots: (S1) 136.89; (P) 137.27; (R1) 137.84; More… Despite some loss of upside momentum, intraday bias in USD/JPY stays on the upside for retesting 138.37 high. Strong resistance could be seen from 139.37 high Read more…

Daily Pivots: (S1) 0.9592; (P) 0.9625; (R1) 0.9677; More… USD/CHF’s rise from 0.9369 is still extending, and the break of 55 day EMA is a bullish signal. Intraday bias stays on the upside with focus Read more…

Daily Pivots: (S1) 1.1726; (P) 1.1782; (R1) 1.1822; More… GBP/USD’s break of 1.1759 support confirms resumption of larger down trend. Intraday bias stays on the downside. Next target is 1.1409 long term support. On the Read more…

Markets The new surge in European gas prices extended the core bond sell-off yesterday. They worsen the inflation outlook with central banks not blinking to increased recession risks and favoring frontloading policy normalization/tightening in their Read more…

Short Term Elliott Wave View in GBPUSD suggests the rally from 7.14.2022 low ended a wave (4) hit our blue box in 4 hour chart at 1.2298. Then pair was rejected and did a leading Read more…