Gold retreated after Fed officials echoed hawkish sentiments. On the daily chart, the price is grinding the major supply zone around 1930 from last April’s sell-off. The RSI has ventured again into the overbought area Read more…
The US dollar faltered over lacklustre retail sales in December. The pair continues to capitalise on its bounce from the daily low at 1.1840, recouping most of the losses from the December sell-off. A close Read more…
The Japanese yen tumbled after the BoJ shattered hopes that it would wind down its stimulus policy. Still the dollar’s short-lived surge turned south at a previous demand zone around 131.50 which coincides with the Read more…
Markets The BoJ’s status quo set the tone for core bond yields right from the start of the trading day. ECB’s Villeroy dismissing rumours about a possible slowdown in the tightening pace from March was Read more…
USDJPY came down at the end of 2022, breaking to even lower prices in the last few weeks after BoJ policy YCC adjustment back in December, with price breaking out of a wave 4 and Read more…
Credit: Oliver Cragg / Android Authority Apple is reportedly working on an iPad-based smart display that can be mounted on walls or other things using magnetic fasteners. The device is expected to be smaller and Read more…
Cycle from 12.13.2022 high in Dow Futures (YM) is unfolding as a zigzag Elliott Wave structure. Down from 12.13.2022 high, wave A ended at 32686. Wave B rally ended at 34487 as the 90 minutes Read more…
There was good, and less good news for investors on the wire yesterday. The latest PPI data showed that the producer price inflation in the US fell way faster than expected. The expectation was a Read more…
Market movers today It will be a rather busy day on central bank front, kicking off with Norges Bank (NB). It is an interim meeting, hence, we will get only a rate decision, monetary policy Read more…
Daily Pivots: (S1) 157.16; (P) 159.35; (R1) 161.34; More… Intraday bias in GBP/JPY is turned neutral again after deep retreat from 161.51. On the downside, break of 155.33 will resume the whole decline from 172.11 Read more…