Daily Pivots: (S1) 1.0810; (P) 1.0843; (R1) 1.0905; More… Intraday bias in EUR/USD is turned neutral again as it recovered after dipping to 1.0779. While another fall cannot be ruled out, considering persistent bullish convergence Read more…
Dollar had a dramatic turnaround in its fortune overnight, following the significant slide in US 10-year yield, which coincided with robust rally in US stock markets. Major indexes effectively wiped out the sharp declines seen Read more…
Key insights from the week that was. In Australia, the Q4 CPI printed 0.6% (4.1%yr) for headline inflation and 0.8% (4.2%yr) for core trimmed mean inflation, meaningfully lower than the RBA’s forecast of 4.5%yr across Read more…
Short Term Elliott Wave view in DAX suggests the rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave 1 ended at 17003.28. Wave 2 pullback subdivided into a Read more…
DXY: The DXY (US Dollar Index) chart currently exhibits a neutral overall momentum, suggesting a lack of a strong trend in either direction. Price could potentially fluctuate between the 1st resistance and 1st support levels. Read more…
Today’s US Non-Farm Payroll report is poised to be the focal point, concluding a week brimming with significant market events. Expectations are set for moderation in headline job growth to 178k in January, from December’s Read more…
Key Highlights USD/JPY is correcting gains from the 148.80 resistance zone. A key bullish flag is forming with resistance near 147.80 on the 4-hour chart. EUR/USD is gaining bearish momentum below the 1.0820 support. Gold Read more…
Gold jumped notably overnight following extended decline in benchmark treasury yields, as well as broad selloff in Dollar. Technically speaking, immediate attention is now on 2061.99 resistance. Decisive break there should confirm that corrective pullback Read more…
BoC Governor Tiff Macklem emphasized the anticipated “gradual and uneven” decline in inflation towards 2% target. Speaking to the House of Commons Finance Committee, he noted that the journey to achieving inflation target “will be Read more…
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