The Euro remains at the front foot in European session on Friday and extends recovery into second straight day, retracing almost 50% of post Powell’s sharp fall. Bounce from Wednesday’s two-month low (1.0524) is struggling Read more…
AUDUSD has been in a tight range, unable to recover from Tuesday’s crash to 0.6579, and this continues to push the pair, on a weekly basis, back to the red zone. The sharp shorting emerged Read more…
The Euro started a fresh decline from the 1.0700 zone against the US Dollar. The EUR/USD pair traded below the 1.0620 level to move into a bearish zone. The pair even traded below the 1.0600 Read more…
Daily Pivots: (S1) 1.0550; (P) 1.0571; (R1) 1.0603; More… Intraday bias in EUR/USD stays neutral for the moment. Another decline cannot be ruled out with 1.0693 resistance intact. But strong support could be seen from Read more…
Cycle from 12.13.2022 high in Dow Futures (YM) shows a 5 swing sequence favoring follow up to the downside. Structure of the move lower from 12.13.2022 high is unfolding as a 5 waves diagonal Elliott Read more…
Daily Pivots: (S1) 1.3760; (P) 1.3788; (R1) 1.3831; More…. Intraday bias in USD/CAD remains on the upside for the moment. Rise from 1.3261 is in progress for retesting 1.3976 high. Firm break there will resume Read more…
As anticipated, BoJ left its monetary policy unchanged today, maintaining its easing bias. Despite a rise in inflation expectations, CPI is projected to slow down during the current fiscal year before experiencing a moderate increase Read more…
As anticipated, BoJ left its monetary policy unchanged today, maintaining its easing bias. Despite a rise in inflation expectations, CPI is projected to slow down during the current fiscal year before experiencing a moderate increase Read more…
Key insights from the week that was. With the domestic and international data calendar light, the actions and rhetoric of policymakers was the key focus for markets this week. While the RBA’s decision to deliver Read more…