Daily Pivots: (S1) 1.2106; (P) 1.2165; (R1) 1.2244; More… Intraday bias in GBP/USD is turned neutral first with loss of downside momentum. Risk stays on the downside with 1.2445 resistance intact. Below 1.2084 will resume Read more…
Daily Pivots: (S1) 1.0582; (P) 1.0621; (R1) 1.0662; More… EUR/USD still bounded in sideway trading below 1.0733 and intraday bias remains neutral for the moment. Further rally is expected as long as 1.0481 resistance turned Read more…
The markets become rather directionless again in Asian session. Yen is paring some gains as the boost from BoJ faded. Swiss Franc, Aussie and Kiwi are on the weaker side too. On the other hand, Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to Read more…
Australia Westpac-MI leading index dropped from -0.84% to -0.92% in November. Growth rate was, thus, in negative territory for the fourth consecutive month. The data is consistent with below trend growth well into 2023. Drivers Read more…
Ranil Salgado, the IMF’s mission chief to Japan, said that “with uncertainty around the inflation outlook, the Bank of Japan’s adjustment of yield curve control settings is a sensible step including given concerns about bond Read more…
Cycle from 10.13.2022 low in FTSE ended at 7600.11 on 12.1.2022 as wave (1). Subdivision of wave (1) unfolded as a 5 waves impulse structure. Up from 10.13.2020 low, wave 1 ended at 7017.4 and Read more…
The latest stats on personal income and spending, as well as the all-important PCE inflation figures will hit the markets on Friday before traders abandon their desks for the long holiday weekend. The data could Read more…
Key Highlights Gold price started a fresh increase above the $1,780 resistance. A major bullish trend line is forming with support near $1,785 on the 4-hours chart. USD/JPY declined heavily and the Japanese yen gained Read more…
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of USDCAD. In, the rally from 15 November 2022 low unfolded in a corrective sequence but provided an extreme Read more…