Month: December 2022

Daily Pivots: (S1) 1.3505; (P) 1.3559; (R1) 1.3598; More…. Intraday bias in USD/CAD remains neutral for the moment. The favored case is still that correction from 1.3976 has completed at 1.3224. Above 1.3699 will resume Read more…

Daily Pivots: (S1) 0.6823; (P) 0.6852; (R1) 0.6895; More… AUD/USD is losing some upside momentum again but there is no clear sign of topping. Current rally would still target 61.8% projection of 0.6271 to 0.6796 Read more…

Daily Pivots: (S1) 134.66; (P) 135.32; (R1) 136.13; More… USD/JPY is losing downside momentum again and intraday bias is turned neutral. On the downside, firm break of 133.61 support and 133.07 medium term fibonacci level Read more…

Daily Pivots: (S1) 0.9207; (P) 0.9253; (R1) 0.9290; More… Intraday bias in USD/CHF stays mildly on the downside, as fall from 1.0146 is in progress for is 61.8% projection of 1.0146 to 0.9355 from 0.9545 Read more…

Daily Pivots: (S1) 1.0635; (P) 1.0665; (R1) 1.0711; More… Intraday bias in EUR/USD remains on the upside as current rally from 0.9534 is in progress for 61.8% projection of 0.9729 to 1.0481 from 1.0289 at Read more…

Markets The Fed lifted policy rates by 50 bps to 4.25-4.50% at its final policy meeting of the year yesterday. The slowdown from the previous 4×75 bps was telegraphed well in advance. December’s statement was Read more…

Short term Elliott Wave View in EURUSD suggests the rally from 11.22.2022 low is unfolding as a diagonal. Up from 11.22.2022 low, wave ((i)) ended at 1.0595 and pullback in wave ((ii)) ended at 1.0441. Read more…

Market movers today Market focus reverts to the ECB meeting today. The stabilization in euro area core inflation in November, paired with the weakening growth outlook probably gives ECB enough arguments to slow the hiking Read more…

We knew that the Federal Reserve (Fed) Chair Jerome Powell would not tell investors ‘Ho ho ho, inflation is now 7%, we will stop tightening policy and hiking the rates. So, you can buy stocks, Read more…