Daily Pivots: (S1) 1.0900; (P) 1.0916; (R1) 1.0939; More… No change in EUR/USD’s outlook as consolidation from 1.1008 is still extending. Intraday bias stays neutral at this point. Further rally is expected as long as Read more…
Daily Pivots: (S1) 1.2616; (P) 1.2660; (R1) 1.2691; More… No change in GBP/USD’s outlook as consolidation from 1.2793 is still extending. Intraday bias remains neutral at this point. Further rally is expected as long as Read more…
Daily Pivots: (S1) 0.8655; (P) 0.8683; (R1) 0.8700; More…. Outlook in USD/CHF is unchanged. Intraday bias stays neutral as consolidation from 0.8629 might extend further. But further decline is expected with 0.8819 resistance intact. On Read more…
The week started with mixed feelings. Investors broadly ignored the Federal Reserve (Fed) members’ latest warnings that the interest rate cuts won’t come as soon and as fast as priced in by the financial markets. Read more…
In focus today Today, euro area final HICP data for November will be released. With all the details out, it will be interesting to see what drove the downtick in inflation in November. In the Read more…
Daily Pivots: (S1) 142.15; (P) 142.66; (R1) 143.30; More… While USD/JPY’s recovery from 140.94 extends higher today, outlook is unchanged. Upside of recovery should be limited well below 146.58 resistance to bring another decline. On Read more…
Yen falls broadly today after BoJ’s to maintain monetary policy unchanged. The sell-off can be attributed to the dismay of investors who had hoped for indications of a shift towards stimulus exit next year. BoJ’s Read more…
BoJ decided to maintain its monetary policy unchanged, a move that has come as a disappointment to some observers who anticipated minor policy changes or at least some alterations in the statement. Under the Yield Read more…
Short Term Elliott Wave View in Ethereum (ETHUSD) shows that it has ended wave (3) at 2401.18. Pullback in wave (4) is currently in progress as a double three Elliott Wave structure. Down from wave Read more…
Minutes of RBA’s December 5 meeting revealed that both a 25bps hike and maintaining the status quo were considered. Ultimately, they opted to keep the interest rate unchanged at 4.35%. The rationale behind this decision Read more…