USD is slowing down after we spotted 5th wave on May 31 (CLICK HERE). We warned about a pullback, as yields turned down from resistance which are in positive correlation with DXY chart. The main Read more…
USD is slowing down after we spotted 5th wave on May 31 (CLICK HERE). We warned about a pullback, as yields turned down from resistance which are in positive correlation with DXY chart. The main Read more…
USD is slowing down after we spotted 5th wave on May 31 (CLICK HERE). We warned about a pullback, as yields turned down from resistance which are in positive correlation with DXY chart. The main Read more…
According to the latest Consumer Expectations Survey conducted by ECB in April, consumer inflation expectations have taken a significant downturn, reversing most of the gains made in the previous month. The survey revealed that mean Read more…
After staying inactive for two consecutive meetings, the BoC is now expected by a decent percentage of market participants to raise interest rates when it meets on Wednesday at 14:00 GMT. The hype of another Read more…
Daily Pivots: (S1) 1.0684; (P) 1.0703; (R1) 1.0731; More… Intraday bias in EUR/USD stays neutral as consolidation continues above 1.0634. On the downside, break of 1.0634 will resume the corrective decline from 1.1094. Deeper fall Read more…
Crude oil fully pared post-OPEC gains yesterday, as Saudi’s lonely production cuts and the quota transfer from African countries to UAE raised question about the hit-power and the health of the cartel. As a result, Read more…
Daily Pivots: (S1) 1.6143; (P) 1.6191; (R1) 1.6237; More… EUR/AUD’s decline continues today and break of 1.6134 support confirms resumption of whole fall from 1.6785. Intraday bias stays on the downside for 100% projection of Read more…
AUD/NZD surges after RBA’s surprised rate hike and breaks through 1.0928 structural resistance. The development should confirm that corrective fall from 1.1085 has completed with three waves down to 1.0556. Intraday bias is now on Read more…