Daily Pivots: (S1) 0.9835; (P) 0.9871; (R1) 0.9893; More…. EUR/CHF is still bounded in consolidation from 0.9953 and intraday bias stays neutral. Outlook is also unchanged. On the upside, firm break of 0.9953 resistance will Read more…
Daily Pivots: (S1) 138.98; (P) 139.72; (R1) 140.16; More…. EUR/JPY’s decline from 148.38 resumed by breaking through 138.79 support and intraday bias is back on the downside. Next target is 135.40 fibonacci level. On the Read more…
Daily Pivots: (S1) 156.95; (P) 157.87; (R1) 158.37; More… GBP/JPY’s decline from 172.11 resumed by breaking through 158.57 support. Intraday bias is back on the downside for 161.8% projection of 172.11 to 163.02 from 169.26 Read more…
Yen rises broadly and strongly in Asian session today even though Japan remains on holiday. The strength is rather overwhelming, and with some near term resistance levels taken out, more upside is in favor for 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…
Cycle from 9.13.2022 high is in progress as a 5 waves impulse Elliott Wave structure and the structure is nearing the end. Down from 9.13.2022 high, wave (1) ended at 104.51, and wave (2) rally ended Read more…
Yen opens the year with a strong note and rises to a six-month high against Dollar. The strength is also broad based. The move extends the rally since BoJ’s decision to raise the cap on Read more…
China Caixin PMI Manufacturing fell from 49.4 to 49.0 in December, below expectation of 49.3. Caixin added that production declined further albeit at a slower rate. Steeper fall was seen in new orders. But business Read more…
Bundesbank President Joachim Nagel warned in an interview, “our monthly surveys of firms and households are showing a significant increase in long-term inflation expectations.” “I firmly believe that we need to take further monetary policy Read more…
WebOS has been slightly redesigned and streamlined on the 2023 lineup. | Image: LG Last year, LG cranked the brightness on its G2 and C2 series TVs up to new highs, bringing a meaningful improvement Read more…