WTI rallied after US inventories showed a surprise drawdown. While the rally above 86.00 and 90.00 has eased some pressure, the price hit resistance at the origin (93.50) of the late August sell-off and struggled Read more…
The Canadian dollar softened after the annual CPI eased to 6.9% in September. The price action is consolidating its latest gains after making a new high above 1.3840. A drop below 1.3700 has shaken out Read more…
The pound holds steady as Britain’s inflation rose to 10.1% in September. From the daily chart’s perspective, the pair is forming a flag-shaped pattern after its recent sharp slide. While Sterling clawed back some losses, Read more…
Markets We’ve grown more used to large bond yield moves over the past few months. But it still feels extraordinary when they appear out of thin air. That’s what happened yesterday during a trading session Read more…
Equities give back early-week gains on hawkish Fed talk, and mixed earnings. Netflix soared 13% yesterday, but Tesla lost more than 6% after the bell, after announcing a slight revenue miss in Q3. The UK’s Read more…
Market movers today Today the two-day EU Council meeting kicks off. Measures to limit energy price increases will be the main focus of the talks, but discussions about another round of EU-backed borrowing could also Read more…
Short term Elliott Wave view on Silver (XAGUSD) continued with bearish momentum from 10.04.2022 high calling for further downside. Decline from 10.04.2022 high is unfolding as a 5 waves impulse. Down from 10.04.2022 high, wave Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Price has maintained its Read more…
Daily Pivots: (S1) 167.41; (P) 168.40; (R1) 169.15; More… Intraday bias in GBP/JPY is turned neutral first as consolidation from 170.07 is extending. Downside of retreat should be contained above 159.71 support to bring another Read more…
Daily Pivots: (S1) 145.97; (P) 146.61; (R1) 147.14; More…. Intraday bias in EUR/JPY is turned neutral first as consolidation from 147.24 is extending. Downside of retreat should be contained by 144.06 resistance turned support On Read more…