Gold violates crucial trendline as geopolitical tensions increase Erases its October decline, marching to a fresh 2-month high Momentum indicators reach overbought levels Gold has been in a steep uptrend after bouncing off its October low, Read more…
AUD/USD remains in red for the second consecutive day, with overall negative Australian September labor data, adding to downside pressure on renewed risk aversion. Employment rose less than expected and was well below previous month’s Read more…
In the Regional Economic Report released today, BoJ upgraded the economic assessment for six regions, marking the most substantial uplift since July 2022. The regions experiencing this optimistic revision include Hokkaido, Tohoku, Hokuriku, Kanto-Koshinetsu, Chugoku, Read more…
Short Term Elliott Wave in Dow Futures (YM) suggests the decline from 7.27.2023 high has ended with wave (W) at 33014. The Index is now correcting that cycle in wave (X) with internal subdivision as Read more…
The GBP is the second weakest currency among the major US dollar pairs in the past five days. A potential bearish reversal set-up has emerged for GBP/JPY while the JPY bears seem to be cautious Read more…
US stocks are declining on soft earnings, rising rates, and as the risks grow for a potential widening of the Israel-Hamas conflict. Today’s round of earnings from Morgan Stanley, JB Hunt, and United Airlines told Read more…
Illustration: The Verge If you use two different WhatsApp accounts, you’ll soon be able to access both from just one device. Meta CEO Mark Zuckerberg announced Thursday that WhatsApp is rolling out the ability to Read more…
Markets The US yield curve is going after 5%+. Another sell‐off in Treasuries yesterday hurled yields between 1.3 and 8.2 bps higher in a move not driven by any particular news event. Real yields once Read more…
Daily Pivots: (S1) 1.0508; (P) 1.0551; (R1) 1.0579; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0447 is still in progress. On the downside, firm break of 1.0447 will resume whole fall from Read more…
Daily Pivots: (S1) 1.2115; (P) 1.2163; (R1) 1.2189; More Intraday bias in GBP/USD remains neutral as consolidation from 1.2026 is extending. On the downside, decisive break of 1.2036 will resume whole decline from 1.3141 for Read more…