EURJPY creates bullish tendency in short- and long-term timeframes RSI indicates potential downside retracement EURJPY is retreating somewhat after the aggressive buying interest towards the three-month high of 163.70. The price has been developing an upward trend since the Read more…
In its latest Quarterly Predictions, NZIER noted there are “signs of further easing in inflation pressures” in New Zealand. But the pivotal question for RBNZ is whether this easing is “occurring at a fast enough Read more…
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of GBPJPY. In which, the rally from 13 December 2023 low unfolded as an impulse sequence and called Read more…
Markets A news-poor trading session yesterday didn’t prevent German yields from rebounding sharply after Friday’s setback. A belated reaction to the hawkish ECB talk or simply repositioning ahead of the end of month and/or critical Read more…
Germany Gfk Consumer Sentiment for March ticked up from -29.6 to -29.0, matched expectations. In February, economic expectations rose from -6.6 to -6.4. Income expectations improved notably from-20.0 to -4.8. Willingness to buy fell from Read more…
European and American stocks kicked off the week with a pause, as investors took a breather after sending major stock indices in these regions to record highs. The Stoxx 600, the S&P500 and Nasdaq 100 Read more…
In focus today In the euro area, we look out for the January monetary aggregates and lending data. We focus on the lending data as there have recently been signs of a rebound in loan Read more…
Daily Pivots: (S1) 190.57; (P) 190.95; (R1) 191.55; More… Intraday bias in GBP/JPY is back on the upside with breach of 191.12 temporary top. Firm break of 61.8% projection of 178.71 to 188.90 from 185.21 Read more…
Daily Pivots: (S1) 162.83; (P) 163.27; (R1) 163.99; More… EUR/JPY’s rally resumed by breaking 163.45 temporary top and intraday bias is back on the upside. Further rally would be seen to 164.29 high. Firm break Read more…
Daily Pivots: (S1) 0.8539; (P) 0.8550; (R1) 0.8565; More… Intraday bias in EUR/GBP is turned neutral with current recovery. But risk stays on the downside with 0.8577 resistance intact. Decisive break of t 0.8491/7 support Read more…