Daily Pivots: (S1) 1.2531; (P) 1.2571; (R1) 1.2606; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias Read more…
Daily Pivots: (S1) 0.8842; (P) 0.8864; (R1) 0.8880; More…. Intraday bias in USD/CHF is turned neutral with current retreat, and some consolidations would be seen first. Downside should be contained by 0.8727 resistance turned support Read more…
Daily Pivots: (S1) 150.33; (P) 150.61; (R1) 150.86; More… Intraday bias in USD/JPY is turned neutral with current retreat and some consolidations could be seen first. Downside of consolidation should be contained by 148.79 resistance Read more…
Japanese Yen recovers broadly in Asian session today, while Nikkei also soared to a new 34-year high, surpassing the 38k mark. The move came as a rather complex reactions to economic data showing that Japan Read more…
Gold (XAUUSD) cyclc from 12.28.2023 high is in progress as a double three Elliott Wave structure. Down from 12.28.2023 high, wave W ended at 2001.6 and rally in wave X ended at 2065.6. The metal Read more…
DXY: The DXY chart currently indicates a bearish momentum, suggesting a potential continuation of the downward trend. The 1st support level is situated at 104.52, identified as a pullback support. This level corresponds to the Read more…
Employment: +0.5k (from –62.7k). Unemployment Rate: 4.1% (from 3.9%). Participation Rate: 66.8% (unchanged). January is the most seasonal time of the year for the labour market, and this year was no exception. As we had Read more…
Key Highlights Bitcoin price extended its rally above $50,000 and $51,000. BTC is trading above a key bullish trend line with support at $49,650 on the 4-hour chart. Ethereum also rallied above the $2,650 and Read more…
Japan’s economy has entered a technical recession as GDP unexpectedly contracted by -0.1% qoq in Q4, much worse than expectation of 0.3% qoq growth. That also marked a continuation from -0.8% contraction seen in Q3. Read more…
Australia’s job market showed further signs of cooling in January, as the latest employment data reveals a modest increase of just 0.5k jobs, significantly below expectation of 20.7k growth. Looking at the details, full-time employment Read more…