Markets “All” it took for US investors to digest Friday’s strong payrolls was a weekend of time, another eye-opening WSJ article and a strong US non-manufacturing ISM. Recall that the initial post-payrolls move (higher yields, Read more…
Short term Elliott Wave View in $USDCHF suggests that the decline from 10.21.2022 high is in progress as 5 waves impulse Elliott Wave structure. Down from 10.21.2022 high, wave 1 ended at 0.9841 and rally Read more…
Contrary to widespread expectations RBA Board retains strong tightening bias. The Reserve Bank Board lifted the cash rate by 0.25%. While that decision was strongly promoted by Westpac there was real uncertainty in markets with Read more…
Summary of the RBA’s December statement: The RBA raised rates by 25bp from 2.85% to 3.1% Inflation in Australia is too high A further increase in inflation is expected over the months ahead Medium-term inflation Read more…
Stocks fell and the US dollar strengthened on Monday. One of the reasons that could have triggered the move was a stronger-than-expected ISM services read in the US, which came in above expectations, and hinted Read more…
Market movers today Today, Germany releases factory orders for October where consensus expects a stabilisation after two consecutive months of steep contraction. The regional network survey is out from Norway. The September edition pointed to Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is under the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, Read more…
Daily Pivots: (S1) 165.52; (P) 166.16; (R1) 167.42; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, break of 164.02 should resume the whole fall from 172.11 through 163.02 support. Nevertheless, Read more…
Daily Pivots: (S1) 142.18; (P) 142.90; (R1) 144.25; More…. Intraday bias in EUR/JPY remains neutral for the moment. Further decline could be seen as long as 146.12 resistance holds. Break of 140.75 will resume the Read more…
Credit: Robert Triggs / Android Authority There are quite a few ways to share files between your PC and phone these days, giving you more options than the old reliable wired connection. How do you Read more…