Month: September 2022

Fed Vice Chair Lael Brainard said yesterday that “monetary policy will need to be restrictive for some time to provide confidence that inflation is moving down” to 2% target. She added Fed will need “several months Read more…

USD/JPY: On the H4 chart, price has confirmed a bullish momentum breaking the previous high. We are bullish bias- Price has tested the first resistance and pulled back slightly. If bullish momentum continues, it should Read more…

Key Highlights AUD/USD extended losses and traded below the 0.6750 support. A key bearish trend line is forming with resistance near 0.6760 on the 4-hours chart. USD/JPY accelerated further higher above the 144.00 level. Crude Read more…

Decline in Oil (CL) from 7.20.2022 high is unfolding as a zigzag Elliott Wave structure. Down from July 20, wave A ended at 87.01 and wave B rally ended at $97.66. Oil has resumed lower Read more…

Worries that high inflation and an economic slowdown could cause a recession are outweighing any BOE rate hike expectations. The Bank of England meets on Thursday next week and markets are pricing in a 75bps Read more…

AUDJPY broke key resistance level 96.65 Likely to rise to resistance level 98.00 AUDJPY currency pair recently broke the key resistance level 96.65 (previous multi-month high from the start of June). The breakout of the Read more…

NZDCAD reversed from strong support level 0.7920 Likely to rise to resistance level 0.8030 NZDCAD currency pair recently reversed up from the strong support level 0.7920 (which stopped the earlier impulse waves 5 and (5) Read more…