The European Central Bank (ECB) and the Bank of England (BoE) refused to join the Federal Reserve (Fed)-thrown pivot party. Both Christine Lagarde and Andrew Bailey declined to discuss cutting interest rates judging a policy Read more…
Daily Pivots: (S1) 1.0905; (P) 1.0957; (R1) 1.1044; More… Intraday bias in EUR/USD stays on the upside for 1.1016 resistance. Decisive break there will will confirm resumption of whole rally from 1.0447. Further rally should Read more…
Euro is emerging as the strongest currency for the week, bolstered by ECB’s resistance to the expectations of a rate cut. The common currency will now look into today’s Eurozone data. Positive surprises from there Read more…
Two key positive technical analysis elements have emerged at the US$67.55/66.35 major support zone. The current medium-term downtrend phase from September 2023 may have reached a terminal point for a potential bullish reversal. China’s rosy Read more…
S&P 500 (SPX) rally from 10.27.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 10.27.2023 low, wave ((i)) ended at 4381.15. Wave ((ii)) ended at 4343.86 as the 1 Read more…
DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish continuation towards the 1st support. The 1st support level at 101.46 is identified Read more…
The Vivo X100 Pro in blue. | Image: Vivo Even in tiny smartphone cameras, lenses matter. Vivo seems to agree since lens improvements are a major emphasis on its new flagship smartphones: the Vivo X100 Read more…
China’s economic data for November 2023 presented a mixed picture, with industrial output exceeding expectations while retail sales and fixed asset investment fell short. Industrial output saw a significant increase of 6.6% yoy, surpassing the Read more…
Key insights from the week that was. The latest edition of the Westpac-Melbourne Institute survey pointed to consumer sentiment remaining near its historic lows in December, the index rising just 2.7% to 82.1 compared to Read more…
Key Highlights USD/JPY extended losses below the 142.50 support. A crucial bearish trend line is forming with resistance at 145.20 on the 4-hour chart. EUR/USD and GBP/USD surged after the Fed’s dovish stance. The US Read more…